California BanCorp (BCAL) CFO Jean Carandang Sells 704 Shares to Cover Taxes

What Happened

• Jean Carandang, Chief Financial Officer of California BanCorp (BCAL), disposed of 704 shares on Aug 2, 2026 to satisfy tax withholding related to the vesting of a previously granted award. The shares were valued at $21.30 each, for a total of $14,995. This is a routine sell-to-cover (tax withholding) transaction rather than an open-market sale for investment purposes.

Key Details

• Transaction date: 2026-08-02
• Price per share: $21.30; Shares disposed: 704; Total value: $14,995
• Transaction code/footnote: F (F1 — shares disposed to satisfy the reporting person’s tax liability on vesting of a previously granted award)
• Shares owned after transaction: Not reported on the Form 4
• Filing timeliness: Form 4 was filed on 2026-08-03 (the day after the transaction), which indicates a timely report in this case

Context

• This was a tax-withholding share surrender following vesting of an award (commonly called a “sell-to-cover” or share withholding). Such transactions are generally administrative and do not necessarily signal the insider’s views on the company’s stock.