Volk David J. 4
4 · California BanCorp \ CA · Filed Jun 3, 2026
Research Summary
AI-generated summary of this filing
California BanCorp Director David J. Volk Receives RSU Award
What Happened
David J. Volk, a director of California BanCorp (BCAL), was granted 3,196 restricted stock units (RSUs) on June 1, 2026. The RSUs were reported at $0.00 per share (award, not a cash purchase), representing a grant with no immediate cash value; shares will be issued in full upon vesting.
Key Details
- Transaction date and type: June 1, 2026 — Grant/Award of 3,196 RSUs at $0.00 per share (reported value $0).
- Vesting: Per the filing, these RSUs are scheduled to vest in full on June 1, 2027 (Footnote F1).
- Shares owned after transaction: Not specified in this Form 4 filing.
- Other footnotes: Footnote F2 in the filing notes certain options are fully vested (no option exercise reported in this transaction).
- Filing timeliness: Form 4 was filed June 3, 2026, appearing to be a timely filing for a June 1 transaction.
Context
RSUs are a compensation award that convert into shares when they vest; this grant is a standard board compensation action rather than an open-market purchase or sale. It does not indicate an immediate buy/sell market signal — the shares will only become actual stock holdings if and when the RSUs vest on the stated date.
Insider Transaction Report
- Award
Common Stock
[F1]2026-06-01+3,196→ 31,391 total
- 7,500
Stock Options
[F2]Exercise: $12.96From: 2024-02-20Exp: 2029-02-20→ Common Stock (7,500 underlying) - 10,000
Stock Options
[F2]Exercise: $9.67From: 2022-03-15Exp: 2027-03-15→ Common Stock (10,000 underlying)
Footnotes (2)
- [F1]Represents restricted stock units ("RSUs") issued to the Reporting Person as consideration for service on the Issuer's Board of Directors. Shares will be issued in full upon vesting, which is scheduled to occur on June 1, 2027.
- [F2]These options are fully vested.