California Resources Corp (CRC) EVP disposes 2,625 shares for taxes

Rhea-AI Filing Summary

California Resources Corp executive reports tax-related share disposition. EVP & Chief Commercial Officer Jay A. Bys surrendered 2,625 shares of common stock at $59.22 per share to cover tax withholding on restricted stock units that vested on February 22, 2026. After this tax-withholding disposition, he directly holds 166,010 shares.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Bys Jay A.

(Last) (First) (Middle)

1 WORLD TRADE CENTER, SUITE 1500

(Street)

LONG BEACH CA 90831

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
California Resources Corp [ CRC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP & Chief Commercial Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/22/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/22/2026		F(1)		2,625	D	$59.22	166,010	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents restricted stock units ("RSUs") surrendered to satisfy tax withholding for RSUs that vested on February 22, 2026.

Remarks:

	/s/ Ulrik Damborg, Attorney-in-Fact for Jay A. Bys	02/24/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What did CRC executive Jay A. Bys report in this Form 4 filing?

Jay A. Bys reported a tax-withholding disposition of 2,625 California Resources Corp common shares. These shares were surrendered to satisfy tax obligations arising from restricted stock units that vested on February 22, 2026, rather than sold in an open-market transaction.

How many California Resources Corp shares were surrendered for taxes by CRC executive Jay A. Bys?

Jay A. Bys surrendered 2,625 shares of California Resources Corp common stock. The disposition price was $59.22 per share and was used solely to cover tax withholding for newly vested restricted stock units, according to the Form 4 disclosure and its accompanying footnote.

Does Jay A. Bys still hold California Resources Corp shares after this Form 4 transaction?

Yes, Jay A. Bys continues to directly hold 166,010 shares of California Resources Corp common stock after the transaction. The Form 4 shows that only 2,625 shares were disposed of, specifically surrendered to satisfy tax withholding on vested restricted stock units.

Was the CRC Form 4 transaction an open-market sale of shares?

No, the Form 4 describes a tax-withholding disposition, not an open-market sale. The 2,625 shares were RSUs surrendered to cover tax withholding when restricted stock units vested on February 22, 2026, rather than shares sold for investment or trading purposes.

What does the transaction code F mean in the CRC Form 4 for Jay A. Bys?

Transaction code F indicates payment of an exercise price or tax liability by delivering securities. In this case, 2,625 restricted stock units were surrendered to satisfy tax withholding obligations associated with RSUs that vested on February 22, 2026, as described in the footnote.