Wirfel Michelle 4

What Happened

• Michelle Wirfel, Chief Operating Officer of California BanCorp (BCAL), had 635 shares disposed on March 8, 2026 to satisfy tax withholding tied to the vesting of a previously granted award. The shares were recorded at $17.96 per share for a total of approximately $11,405. This was a tax-withholding disposition rather than an open-market sale for investment purposes.

Key Details

• Transaction date and price: 2026-03-08 at $17.96 per share.
• Shares disposed: 635; Total reported value: $11,405.
• Transaction code/footnote: F / F1 — shares disposed to satisfy the reporting person’s tax liability upon vesting of an award.
• Shares owned after transaction: Not disclosed in the provided filing.
• Filing timeliness: Report filed March 10, 2026 (appears timely; Form 4s are generally due within two business days).

Context

• This was a routine tax-withholding disposition (common when restricted stock or similar awards vest). Such transactions typically reflect tax obligations rather than an executive expressing a view on the stock, and therefore are less informative about insider sentiment than open-market purchases or voluntary sales.