Crespy Clio C. 4

What Happened
Clio C. Crespy, EVP and Chief Financial Officer of California Resources Corp (CRC), received a grant of 17,462 restricted stock units (RSUs) on March 2, 2026. The RSUs were granted at $0.00 (award), so no cash was exchanged at grant. Each RSU represents a contingent right to one share of CRC common stock and will vest in three equal annual installments.

Key Details

• Transaction date: 2026-03-02; Form 4 filed 2026-03-03 (filed the next day; appears timely under Form 4 rules).
• Transaction type/code: Award/Grant (A).
• Amount: 17,462 RSUs granted @ $0.00 (no purchase price).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Vesting: RSUs vest in three equal annual installments on March 2, 2027, 2028 and 2029 (footnote).
• No indication of a 10b5-1 plan, tax withholding sale, or immediate sale of underlying shares in this filing.

Context
RSU grants are a form of compensation tied to future vesting and do not represent an immediate market purchase or sale. Because these units convert to shares only as they vest, the award does not by itself signal insider buying or selling intent. Investors should view this as executive compensation that may dilute shares when vested, rather than an open-market investment by the insider.