Volk David J. 4

What Happened

• David J. Volk, a director of California BanCorp (BCAL), reported a large open-market sale and a smaller open-market purchase. On 2026-01-28 he disposed of 2,346,104 shares at $18.95 each, totaling $44,458,671. On 2026-02-03 he acquired 27,000 shares at $18.64 each, totaling $503,280. The sale represents a substantial disposition while the later purchase was comparatively small.

Key Details

• Transaction dates and prices:
  • 2026-01-28 — Sale (S): 2,346,104 shares @ $18.95 (proceeds $44,458,671)
  • 2026-02-03 — Purchase (P): 27,000 shares @ $18.64 (cost $503,280)
• Form 4 filed: 2026-02-05 reporting the above transactions.
• Shares owned after transaction: Not specified in the filing.
• Footnotes of note:
  • F1: The securities were held by Castle Creek Advisors IV LLC and Castle Creek Capital Partners VI LP; Mr. Volk, a managing principal of Castle Creek, disclaims beneficial ownership except to the extent of his pecuniary interest.
  • F2: The 27,000 unvested restricted stock units were assigned to Castle Creek Advisors IV LLC on behalf of David Volk in his capacity as a board member and will vest on May 21, 2026.
• No explicit late‑filing flag is noted in the reported filing.

Context

• Sales by insiders can be routine (diversification, entity-managed trades, or other personal reasons); purchases are often seen as a more direct bullish signal, but here the post-sale purchase is relatively small versus the sale.
• The sale and purchase involve Castle Creek entities; F1 indicates the reported holdings are connected to Castle Creek funds rather than direct personal holdings, which can affect interpretations of control and intent.