California Resources (NYSE: CRC) EVP sells 11,907 shares under plan

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

California Resources Corp executive Jay A. Bys reported an open-market sale of 11,907 shares of common stock. The transaction occurred on June 4, 2026, at an average price of $61.68 per share. After this sale, he directly holds 171,331 shares. The filing notes the sale was executed automatically under a Rule 10b5-1 trading plan adopted on March 5, 2026, indicating it was pre-planned rather than a discretionary trade.

Insider Trade Summary 10b5-1

Net Seller: 11,907 shares ($734,424)

Net Sell 1 txn

Insider Bys Jay A.

Role EVP & Chief Commercial Officer

Sold 11,907 shs ($734K)

Type	Security	Shares	Price	Value
Sale	Common Stock	11,907	$61.68	$734K

Holdings After Transaction: Common Stock — 171,331 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares sold: 11,907 shares Sale price per share: $61.68 per share Shares held after sale: 171,331 shares +3 more

6 metrics

Shares sold 11,907 shares Open-market sale of common stock on June 4, 2026

Sale price per share $61.68 per share Average price for the 11,907 shares sold

Shares held after sale 171,331 shares Direct ownership following the reported transaction

Net shares sold 11,907 shares Net sell direction per transaction summary

Transaction code S Sale in open market or private transaction

Trading plan adoption date March 5, 2026 Rule 10b5-1 plan governing the automatic sale

Key Terms

Rule 10b5-1 plan, open-market sale, Form 4

3 terms

Rule 10b5-1 plan regulatory

"The sales reported herein occurred automatically pursuant to a Rule 10b5-1 plan adopted by the reporting person on March 5, 2026."

A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.

open-market sale financial

"transaction_action: "open-market sale" for the common stock transaction."

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Form 4 regulatory

"INSIDER FILING DATA (Form 4): { "issuerName": "California Resources Corp""

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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Form 4 Insider Transactions: What Each Field Means →

06/05/2026 - 06:00 PM

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

CALIFORNIA

90831

(City)

(State)

(Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/04/2026

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/04/2026		S⁽¹⁾		11,907	D	$61.68	171,331	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The sales reported herein occurred automatically pursuant to a Rule 10b5-1 plan adopted by the reporting person on March 5, 2026.

Remarks:

	/s/ Ulrik Damborg, Attorney-in-Fact for Jay A. Bys	06/05/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did CRC executive Jay A. Bys report?

Jay A. Bys reported selling 11,907 shares of California Resources Corp common stock in an open-market transaction at $61.68 per share. The sale was disclosed in a Form 4 insider filing and reflects a routine ownership change.

What role does Jay A. Bys hold at California Resources Corp (CRC)?

Jay A. Bys serves as Executive Vice President and Chief Commercial Officer at California Resources Corp. His Form 4 filing reports a personal stock sale, providing transparency into trading activity by a senior company officer.

At what price were the CRC shares sold in Jay A. Bys’s Form 4 filing?

The reported sale of California Resources Corp common stock was executed at an average price of $61.68 per share. This price applies to the 11,907 shares sold in the disclosed open-market transaction on June 4, 2026.

How many CRC shares does Jay A. Bys hold after the reported sale?

Following the sale, Jay A. Bys directly holds 171,331 shares of California Resources Corp common stock. This post-transaction balance is shown in the Form 4 and helps investors understand his remaining ownership stake.

Was Jay A. Bys’s CRC stock sale made under a Rule 10b5-1 plan?

Yes. A footnote states the sales occurred automatically under a Rule 10b5-1 trading plan adopted on March 5, 2026. Such plans pre-schedule trades, indicating the timing was planned rather than based on immediate market developments.

What type of transaction is reported in this CRC Form 4 filing?

The Form 4 reports a non-derivative open-market sale of common stock, coded as an “S” transaction. It covers 11,907 shares sold and discloses the remaining direct holdings of 171,331 shares after the trade.