Hayat Omar 4

What Happened Hayat Omar, Chief Operating Officer of California Resources Corp (CRC), sold 23,000 shares in an open-market transaction on March 9, 2026. The reported weighted-average price was $65.87 per share, for proceeds of approximately $1,514,978. This was a sale (not a purchase or option exercise); sales by insiders are often routine liquidity events and do not by themselves indicate a change in company outlook.

Key Details

• Transaction date: 2026-03-09; Form 4 filed: 2026-03-10 (accession 0001609253-26-000071).
• Transaction type/code: Sale (S).
• Shares sold: 23,000; weighted-average price: $65.87; total proceeds ≈ $1,514,978.
• Price range: Sales occurred in multiple transactions at prices from $65.345 to $65.965 (footnote indicates weighted average; reporting person can provide per-trade breakdown on request).
• Shares owned after transaction: Not disclosed in the provided filing.
• Filing timeliness: Filed one day after the transaction; Form 4s are generally required within two business days.

Context

• Sales do not necessarily signal negative insider sentiment; insiders sell for many reasons (diversification, taxes, personal liquidity). Purchases generally attract more attention as a possible bullish signal.
• If you track insider activity, note the size (~$1.5M) and the fact this was executed across multiple trades at slightly varying prices as noted in the footnote.