CANADA PENSION PLAN INVESTMENT BOARD 4
4 · California Resources Corp · Filed Mar 16, 2026
Research Summary
AI-generated summary of this filing
California Resources (CRC) 10% Owner CPP Investment Board Sells 3.5M Shares
What Happened
Canada Pension Plan Investment Board (CPP Investment Board), reported as a 10% owner of California Resources Corp (CRC), disposed of 3,500,000 CRC shares on March 12, 2026. The shares were sold at $61.10 each for a total proceeds of $213,850,000. The transaction is reported as a sale (code S) via an open market or private sale.
Key Details
- Transaction date: 2026-03-12
- Price per share: $61.10
- Shares sold: 3,500,000
- Total proceeds: $213,850,000
- Filing date: 2026-03-16 (filed timely; two-business-day deadline met)
- Shares owned after transaction: not specified in the provided excerpt of the filing
- Footnote: The reported securities are held of record by CPP Investment Board Private Holdings (6), Inc. (CPPIB-PH(6)), a subsidiary in a chain of wholly owned entities; those entities may be deemed to share beneficial ownership of the reported securities.
Context
This is an institutional sale by a large, non-executive shareholder (a 10% owner). Such dispositions can be routine portfolio management by an institutional investor and do not, by themselves, indicate the company’s prospects. For retail investors, purchases generally carry more informative signal than routine institutional sales; this filing documents a sizable monetization by CPP Investment Board.
Insider Transaction Report
- Sale
Common Stock
[F1]2026-03-12$61.10/sh−3,500,000$213,850,000→ 7,006,895 total(indirect: See footnote)
Footnotes (1)
- [F1]The securities reported herein are held of record by CPP Investment Board Private Holdings (6), Inc. ("CPPIB-PH(6)"). CPPIB-PH(6) is the wholly owned subsidiary of CPP Investment Board Private Holdings (5), which is the wholly owned subsidiary of Canada Pension Plan Investment Board. As such, each of the foregoing entities may be deemed to share beneficial ownership of the securities held of record by CPPIB-PH(6).