California Resources Corp (CRC) EVP reports PSU vesting and tax share surrender

Rhea-AI Filing Summary

California Resources Corp executive Jay A. Bys reported equity award activity involving company common stock. He acquired 13,113 shares on February 23, 2026 at $0.00 per share from a grant classified as performance stock units whose performance criteria were certified on that date.

On the same day, 9,033 shares at $58.15 per share were disposed of to cover tax withholding obligations tied to vested restricted stock units and performance stock units. After these award-related transactions, he directly owned 170,090 shares of California Resources Corp common stock.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Bys Jay A.

Role EVP & Chief Commercial Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	13,113	$0.00	--
Tax Withholding	Common Stock	9,033	$58.15	$525K

Holdings After Transaction: Common Stock — 179,123 shares (Direct)

Footnotes (1)

1. Represents performance stock units ("PSUs") granted on February 23, 2023, whose performance criteria were certified on February 23, 2026. Represents restricted stock units ("RSUs") and PSUs surrendered to satisfy tax withholding for RSUs and PSUs that vested on February 23, 2026.

Form 4 Insider Transactions: What Each Field Means →

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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)
02/23/2026

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	02/23/2026		A(1)		13,113	A	$0	179,123	D
Common Stock	02/23/2026		F(2)		9,033	D	$58.15	170,090	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 performance stock units ("PSUs") granted on February 23, 2023, whose performance criteria were certified on February 23, 2026.

2. Represents restricted stock units ("RSUs") and PSUs surrendered to satisfy tax withholding for RSUs and PSUs that vested on February 23, 2026.

Remarks:

	/s/ Ulrik Damborg, Attorney-in-Fact for Jay A. Bys	02/25/2026
	** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transactions did California Resources Corp (CRC) report for Jay A. Bys?

Jay A. Bys reported one acquisition and one disposition of California Resources Corp common stock, both on February 23, 2026. The acquisition came from performance stock units, while the disposition covered tax withholding on vested RSUs and PSUs.

How many California Resources Corp (CRC) shares did Jay A. Bys acquire and at what price?

Jay A. Bys acquired 13,113 California Resources Corp common shares at $0.00 per share on February 23, 2026. These shares were issued as performance stock units whose performance conditions were certified on that same date, resulting in the grant.

Why did Jay A. Bys dispose of California Resources Corp (CRC) shares in this Form 4?

Jay A. Bys disposed of 9,033 California Resources Corp shares at $58.15 per share to satisfy tax withholding obligations. The disposition related to restricted stock units and performance stock units that vested on February 23, 2026, rather than an open-market sale.

What is Jay A. Bys’ California Resources Corp (CRC) share ownership after these transactions?

Following the award-related acquisition and tax-withholding disposition, Jay A. Bys directly owned 170,090 California Resources Corp common shares. This total reflects both the vesting of performance stock units and the shares surrendered to cover associated tax liabilities on February 23, 2026.

What types of equity awards are involved in this California Resources Corp (CRC) Form 4?

The Form 4 involves performance stock units and restricted stock units. Performance stock units granted in 2023 vested when performance was certified on February 23, 2026, and both PSUs and RSUs triggered share issuance and related tax-withholding share surrenders.

Did Jay A. Bys buy or sell California Resources Corp (CRC) shares on the open market?

The reported transactions are award-related, not open-market trades. Shares were acquired at $0.00 per share from vested performance stock units, and 9,033 shares were surrendered at $58.15 per share solely to satisfy tax withholding obligations for vested RSUs and PSUs.