Carandang Jean 4

What Happened
Jean Carandang, Chief Financial Officer of California BanCorp (BCAL), disposed of 1,185 shares on June 8, 2026. The shares were disposed at $19.39 per share for total proceeds of approximately $22,977. This disposal was to satisfy a tax liability resulting from the vesting of a previously granted award, not an open-market sale motivated by investment views.

Key Details

• Transaction date: 2026-06-08
• Price: $19.39 per share
• Shares disposed: 1,185 — total proceeds ≈ $22,977
• Transaction code: F (shares surrendered/withheld to satisfy tax withholding on vesting)
• Footnote: "Shares disposed to satisfy the Reporting Person's tax liability by the vesting of a previously granted award."
• Shares owned after transaction: Not specified in the Form 4 filing.
• Filing: Report filed 2026-06-08; no late filing indicated in the report.

Context
This was a routine tax-withholding disposal tied to equity award vesting (often called a "sell to cover"), which is a common administrative action and does not by itself signal a change in the insider's view of the company's prospects. For retail investors, purchases or open-market sales may be more informative about insider sentiment than tax-related withholding disposals.