Volk David J. 4

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.