Crespy Clio C. 4

What Happened
Crespy Clio C., EVP and Chief Financial Officer of California Resources Corp (CRC), surrendered 3,404 restricted stock units (RSUs) to satisfy tax withholding related to RSUs that vested on February 25, 2026. The filing shows 3,404 shares were disposed at a reported value of $58.12 per share, totaling approximately $197,840. This was a tax-withholding transaction (routine) rather than an open-market sale.

Key Details

• Transaction date and price: February 25, 2026 — 3,404 shares at $58.12 each (total ≈ $197,840).
• Transaction code: F (payment of exercise price or tax liability); footnote clarifies RSUs were surrendered to satisfy tax withholding.
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Filing date: February 27, 2026 — filed within the Form 4 two-business-day deadline (timely).

Context
Surrendering vested RSUs to cover withholding is a common administrative action and does not indicate an active disposition in the open market or necessarily reflect the insider’s view of the company. For retail investors, purchases are typically more informative than tax-related surrenders; this filing documents routine tax compliance tied to RSU vesting.