Repetti Noelle M. 4

What Happened
Noelle M. Repetti, Senior Vice President and Controller of California Resources Corporation (CRC), surrendered 764 restricted stock units (RSUs) to satisfy tax withholding tied to RSUs that vested on February 25, 2026. The withholding was calculated at $58.12 per share, totaling $44,404. This was a tax-withholding disposition of vested awards, not an open‑market sale.

Key Details

• Transaction date: February 25, 2026 (filed with the SEC on February 27, 2026). Filing appears timely (within the usual two-business-day Form 4 window).
• Amount surrendered/disposed: 764 shares at $58.12 each, total value reported $44,404.
• Transaction type/code: F — tax withholding via RSU surrender.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: RSUs were surrendered specifically to satisfy tax withholding for RSUs that vested on February 25, 2026.

Context
Surrendering vested RSUs to cover taxes is a common, administrative action and does not indicate a directional buy or sell decision about the company's stock. This is a disposition for tax purposes rather than an intentional sale to raise cash or signal sentiment.