Williams Anne A 4

What Happened

• Anne A. Williams, a director of California BanCorp (BCAL), had two acquisitions reported. On June 1, 2026 she was granted 3,196 restricted stock units (RSUs) as board compensation (grant price $0.00). On January 16, 2026 she acquired 25.82 shares via dividend reinvestment at $18.89/share for about $488.
• Both entries are acquisitions (an award and a dividend reinvestment), which are typically routine compensation and dividend-related transactions rather than open-market purchases.

Key Details

• Transaction dates and prices:
  • 2026-01-16: Other acquisition (code J) — 25.82 shares at $18.89 each; total ~$488 (dividend reinvestment; Footnote F1).
  • 2026-06-01: Grant/award (code A) — 3,196 RSUs at $0.00 (grant value reported as $0 in filing; Footnote F2).
• Shares owned after transaction: Not disclosed in this Form 4.
• Notable footnotes:
  • F1: January 16 transaction was a reinvestment of cash dividends.
  • F2: RSUs are restricted stock units to be issued in full upon vesting on June 1, 2027.
• Filing timeliness: Form filed 2026-06-03 reporting transactions through 2026-06-01; filing appears timely per the disclosure dates.

Context

• RSUs are a common form of director compensation; no shares are delivered until vesting (here scheduled for 6/1/2027). The reported grant shows the number of units granted; taxable value will be determined when/if the RSUs vest and shares are issued.
• Dividend reinvestments are routine and reflect dividend policy rather than a trading view. These transactions do not indicate immediate market action by the insider.