[Form 4] California Resources Corp Insider Trading Activity

Rhea-AI Filing Summary

California Resources (CRC)Christopher D. Gould, EVP & Chief Sustainability Officer. On November 4, 2025, he acquired 26,472 restricted stock units (RSUs) at $0 as an equity grant. The RSUs vest 10% on each of November 4, 2026, 2027 and 2028, then 30% on November 4, 2029 and 40% on November 4, 2030. Following the reported transaction, beneficial ownership of common stock was 140,567 shares, held directly.

11/06/2025 - 05:20 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

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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^*

Gould Christopher D.

(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 Sustainability Off

3. Date of Earliest Transaction (Month/Day/Year)
11/04/2025

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	11/04/2025		A		26,472(1)	A	$0	140,567	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 grant of restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of Common Stock. These RSUs will vest as follows: 10% of the RSUs on each of November 4, 2026, 2027 and 2028; 30% of the RSUs on November 4, 2029; and 40% of the RSUs on November 4, 2030.

Remarks:

	/s/ Michael L. Preston, Attorney-in-Fact for Christopher D. Gould	11/05/2025
	** 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 did CRC (CRC) disclose in this Form 4?

An insider, EVP & Chief Sustainability Officer Christopher D. Gould, was granted 26,472 RSUs on November 4, 2025 at $0.

How do the 26,472 RSUs for CRC vest?

Vesting occurs 10% on Nov 4, 2026, 10% on Nov 4, 2027, 10% on Nov 4, 2028, 30% on Nov 4, 2029, and 40% on Nov 4, 2030.

What is Christopher D. Gould’s ownership after the transaction?

He beneficially owned 140,567 shares of CRC common stock following the reported transaction, held directly.

What security type was granted to the CRC insider?

A grant of restricted stock units (RSUs), each representing a contingent right to receive one share of common stock.

Who is the reporting person in CRC’s Form 4?

Christopher D. Gould, CRC’s EVP & Chief Sustainability Officer.

Was there a cash price for the RSU grant?

The RSUs were granted at $0 as shown in the filing.