California Resources Corporation entered into an Agreement and Plan of Merger to acquire Berry Corporation in an all-stock transaction. At closing, each share of Berry common stock will be converted into 0.0718 shares of CRC common stock, and Berry will become a direct, wholly owned subsidiary of CRC. Certain Berry restricted stock units and performance units will vest and be cashed out, while others will convert into CRC-based equity awards using the same 0.0718 exchange ratio.
The deal is subject to multiple conditions, including approval by a majority of Berry shareholders, antitrust clearance under the HSR Act, Federal Power Act approval, effectiveness of a CRC Form S-4 registration statement, NYSE listing of the new CRC shares and the absence of material adverse effects. The merger agreement includes termination rights, a $12,044,370 termination fee payable by Berry in specified circumstances and expense reimbursements of up to $5,000,000 for either side in certain termination scenarios.
California Resources Corporation (CRC) states that a registration statement that will include Berry's proxy statement/prospectus is expected to be filed and, when definitive, will be mailed to Berry shareholders. The filing and related proxy materials will be available free on the SEC website and on CRC's and Berry's investor websites. The communication is not an offer to sell securities. CRC and Berry and certain of their directors, officers and employees may be participants in the solicitation of proxies; descriptions of their interests and ownership will be included in the proxy statement/prospectus when filed. Additional ownership details are available on Forms 3, 4 and 5 referenced on the SEC site.
California Resources Corporation (CRC) submitted a Form 144 disclosing an intended sale of 115,906 common shares with an aggregate market value of $5,548,420.00. The shares represent approximately 0.14% of the issuer's reported 83,679,985 outstanding shares and are planned for sale on the NYSE through Citigroup Global Markets Inc. with an approximate sale date of 08/12/2025.
The filing states these shares were acquired on 07/01/2024 as merger consideration in a transaction described as "Merger with and into Issuer." No sales by the reporting person in the prior three months are reported and the notice includes the standard representation about lack of undisclosed material adverse information.
California Resources Corporation's Form 144 notifies the market of a proposed sale of 279,737 shares of common stock, with an aggregate market value of $13,391,010, to be sold on or about 08/12/2025 on the NYSE. The filing lists 83,679,985 shares outstanding, so the planned sale represents approximately 0.334% of outstanding common stock.
The shares were acquired on 07/01/2024 as merger consideration in a "merger with and into issuer" transaction and were paid for on that date. The filing reports Nothing to Report for securities sold in the past three months. The filing includes the standard representation that the reporting person is not aware of undisclosed material adverse information.
A Form 144 related to California Resources Corporation (CRC) notifies a proposed sale of 1,023,681 shares of common stock through Citigroup Global Markets with an aggregate market value of $49,003,609. The filing reports 83,679,985 shares outstanding, so the proposed sale represents about 1.22% of the outstanding stock. The securities being sold were acquired on 07/01/2024 as merger consideration. The filing also discloses recent dispositions: IKAV Impact S.a r.l. sold 1,000,000 shares on 07/28/2025 for $49,750,000 and 1,500,000 shares on 08/06/2025 for $72,000,000. Combined, the recent and proposed transactions total 3,523,681 shares (about 4.21% of outstanding shares).
California Resources Corp. (CRC) – Form 144 discloses a planned sale of 1,500,000 common shares through Citigroup Global Markets on or after 6 Aug 2025. At the reference price used by the filer, the block is worth $74.55 million.
The seller, IKAV Impact S.à r.l., already disposed of 1,000,000 shares for $49.75 million on 28 Jul 2025. CRC reports 89.18 million shares outstanding; the new notice therefore covers roughly 1.7 % of the equity. The shares were originally acquired on 1 Jul 2024 via merger consideration.
While a Form 144 does not obligate execution, it signals potential near-term supply from an affiliate holder. Investors should monitor market depth and any follow-up filings to gauge whether the sale proceeds and its effect on trading dynamics.
California Resources Corp. (CRC) Form 4 highlights: EVP & COO Omar Hayat reported two transactions dated 07/29/2025.
- Automatic acquisition: 18,986 common shares credited on vesting of performance stock units (PSUs) granted 05/08/23 and 06/19/23 (Transaction code A).
- Tax withholding sale: 10,225 shares surrendered to the company at $50.22 per share to cover withholding taxes on the same vesting event (Transaction code F).
- Net effect: Insider’s direct beneficial ownership rose by 8,761 shares to 52,683 shares.
No derivative securities were involved and no open-market purchase or discretionary sale occurred. The activity reflects standard equity award vesting rather than a valuation-driven trade, but the insider’s net share increase modestly deepens alignment with shareholders.
California Resources Corp. (CRC) filed Form 144 disclosing a proposed secondary sale of 1,000,000 common shares through Citigroup Global Markets. The block is valued at $50.93 million and represents roughly 1.1 % of CRC’s 89,175,034 shares outstanding. The stock was acquired on 01 Jul 2024 via a merger with the issuer. No other sales by this holder occurred during the past three months. The filer plans to begin selling on or about 28 Jul 2025 on the NYSE. Form 144 notices are advance disclosures; the shares may be sold, in part or whole, subject to Rule 144 volume and timing limits. The filing does not involve the issuance of new shares or affect CRC’s cash position but signals potential additional supply of stock entering the market.