Wirfel Michelle 4

What Happened

• Michelle Wirfel, Chief Operating Officer of California BanCorp (BCAL), had 93 shares disposed (withheld) to satisfy her tax liability upon the vesting of a previously granted award. The shares were valued at $17.32 each, for a total of approximately $1,611. This was a tax-withholding disposal tied to an award vesting, not a market sale.

Key Details

• Transaction date: 2026-03-21; Filing date: 2026-03-23 (timely filing).
• Price per share: $17.32; Shares withheld/disposed: 93; Total value: ~$1,611.
• Shares were withheld to satisfy tax obligations upon vesting (Footnote F1: tax withholding from a vested award).
• Transaction code: F (tax withholding). Shares owned after the transaction: not specified in the filing.

Context

• This was a routine tax-withholding event following the vesting of an award (a common way companies satisfy tax obligations). It is not the same as an open-market sale and does not, by itself, indicate a change in the insider’s view of the company.