McFarland Mark Allen 4

What Happened

• Mark Allen McFarland, a director of California Resources Corp (CRC), sold 16,372 shares on March 6, 2026. The total proceeds reported were $1,061,400, with a weighted-average price of $64.83 per share. The filing reports the transaction as a sale (code S).

Key Details

• Transaction date: 2026-03-06; Form 4 filed: 2026-03-09 (filed within the required 2-business-day window).
• Reported weighted-average price: $64.83 per share; actual sale prices ranged from $64.5706 to $65.43 (footnote F1).
• Shares sold: 16,372; total reported proceeds: $1,061,400.
• Shares owned after transaction: Not disclosed in the provided filing data.
• Notable footnote (F1): The price shown is a weighted average; the seller states they will provide a full breakdown of the number of shares sold at each price within the stated range upon request to CRC, any shareholder, or the SEC staff.
• Transaction type: Open-market or private sale (reported as S). No 10b5‑1 plan or other reason for the sale is specified in the provided excerpt.

Context

• Sales by insiders can be routine (taxes, diversification, personal liquidity) and do not necessarily indicate a change in view about the company; purchases are generally more informative about insider sentiment. This report is a straightforward sale disclosure without additional explanatory details in the supplied Form 4 excerpt.