Leon Francisco 4

What Happened Leon Francisco, President & CEO and a director of California Resources Corp (CRC), surrendered 9,317 restricted stock units (RSUs) to satisfy tax withholding obligations tied to RSUs that vested on Feb 25, 2026. The reported disposition shows 9,317 shares at a reported price of $58.12 per share, for a total withholding value of approximately $541,504. This was a tax-withholding share surrender (routine), not an open-market sale or a purchase.

Key Details

• Transaction date: 2026-02-25; Price: $58.12 per share; Shares surrendered: 9,317; Gross value ≈ $541,504.
• Transaction type/code: F — payment of tax liability via share surrender (withheld to cover taxes on vested RSUs).
• Footnote: F1 — RSUs were surrendered to satisfy tax withholding for RSUs that vested on February 25, 2026.
• Filing: Report filed 2026-02-27 (two days after the transaction), which appears to be timely under Section 16 reporting rules.
• Shares owned after transaction: Not specified in the summary; see the full Form 4 for post-transaction ownership totals.

Context: This disposal reflects tax withholding on vested restricted stock units (a common, administrative action) rather than a voluntary sale for cash. Such withholding transactions are routine and do not necessarily indicate the insider’s market view.