California Res Corp SEC Filings

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.

Amendment No. 1 to Schedule 13D filed on 23 June 2025 details several IKAV-affiliated and SIMLOG entities’ holdings in California Resources Corporation (CRC) common stock.

Key ownership disclosures:

• IKAV SICAV FIS SCA and its general partner report 3,803,418 shares, or 4.5 % of the outstanding class, with shared voting and dispositive power.
• SIMLOG Inc. and Simlog S. a r.l. jointly hold 279,737 shares (0.3 %), also on a shared-power basis.
• IKAV Energy Inc., IKAV Energy Holdings LLC, IKAV Inc., IKAV Energy Spain S.L. each disclose 115,906 shares (0.1 %) with shared authority.

All reporting persons cite “OO” as the source of funds, indicate zero sole voting or dispositive power, and list no outstanding legal proceedings. Citizenship spans Delaware, Spain and Luxembourg. The amendment signals that IKAV’s collective investment remains below the 5 % threshold that would classify it as a statutory “control” position, yet still represents a meaningful 4 %–5 % strategic stake in CRC.

Omar Hayat, EVP & Chief Operating Officer of California Resources Corp (NYSE: CRC), reported two tax-related share dispositions:

• On May 8, 2025, 102 shares were cancelled at $40.71 per share for tax payments on vested restricted stock units (RSUs)
• On June 19, 2025, 4,270 shares were cancelled at $46.05 per share for tax payments on vested RSUs

Following these transactions, Hayat directly owns 43,922 shares of CRC common stock, down from 48,192 shares. These dispositions were automatic share cancellations to cover tax obligations from RSU vestings, rather than open market sales. No derivative securities were involved in these transactions.

California Resources Corporation (CRC) filed an 8-K announcing a block repurchase and related board change. On 23 June 2025 the company agreed to buy back 4,950,000 common shares from major shareholder IKAV at $46.00 per share, for a total consideration of $227.7 million. Settlement is expected on 25 June 2025. The transaction will be funded with existing cash and operating cash flow and falls under CRC’s previously disclosed $1.35 billion share-repurchase program.

Following the buyback, IKAV’s ownership will drop below the 5 % threshold that entitled it to nominate one board director under the July 2024 Stockholder Agreement. Consequently, IKAV-nominated director Mr. Bobby Saadati will resign from the Board upon closing. In addition, the lock-up restrictions that limited IKAV and its affiliates from selling CRC shares under the 2024 Registration Rights Agreement will terminate once the repurchase is completed.

The filing contains customary forward-looking statement disclaimers noting execution risk and referencing the company’s SEC filings for broader risk factors.

• Aggregate buyback size: $227.7 million (approx. 3.8 % of FY-end 2024 market cap if similar to share count; actual percentage not disclosed in filing).
• Source of funds: cash on hand and operating cash flow; no new debt indicated.
• Governance impact: one less shareholder-nominated director; board composition may shift toward management-nominated members.

Overall, the event reduces share count, returns capital to shareholders, and eliminates a special nomination right tied to a now-smaller shareholder, but also removes lock-up protections, potentially allowing IKAV to dispose of its remaining holdings on the open market.