California BanCorp (BCAL) CFO Thomas Dolan Sells 1,877 Shares

What Happened

Thomas G. Dolan, EVP and Chief Financial & Strategy Officer (CFO/CSO) of California BanCorp (BCAL), had 1,877 shares disposed on August 2, 2026 to satisfy tax withholding tied to the vesting of a previously granted award. The shares were disposed at $21.30 per share for a total value of approximately $39,980. This was not an open-market sale for investment purposes but a routine tax-withholding disposition related to equity compensation.

Key Details

• Transaction date: 2026-08-02
• Price per share: $21.30; Shares disposed: 1,877; Total value: ≈ $39,980
• Transaction code: F (tax withholding by surrender/disposition of shares)
• Footnote: Shares disposed to satisfy the reporting person’s tax liability by vesting of a previously granted award (F1).
• Filing date: 2026-08-04 (filed two days after the transaction date, which appears timely under Form 4 rules)
• Shares owned after the transaction: not disclosed in this filing

Context

This was a share disposition to cover tax obligations on vested awards (often called a "sell-to-cover" or withholding of shares), not a discretionary sale signaling a change in insider confidence. Such transactions are common for executives receiving equity compensation and do not necessarily indicate sentiment about the company’s outlook.