Cortese Stephen A. 4

What Happened
Stephen A. Cortese, a director of California BanCorp (BCAL), was issued 1,040 restricted stock units (RSUs) that vested and converted into 1,040 shares on May 21, 2026. The Form 4 reports the acquisition at $0.00 per share (total reported value $0), reflecting compensation rather than a market purchase.

Key Details

• Transaction date: May 21, 2026 (reported on Form 4 filed May 26, 2026). Transaction code: A (award/grant).
• Shares acquired: 1,040 shares; price reported: $0.00; total reported value: $0.
• Shares owned after transaction: Not specified in the excerpt provided.
• Footnote: These were RSUs issued as compensation for board service and were scheduled to vest and be issued in full on May 21, 2026.
• Filing timeliness: Form filed May 26, 2026. Because May 25 was a federal holiday (Memorial Day), the filing date appears to meet the SEC’s two-business-day Form 4 requirement.

Context
RSU awards are a form of compensation for directors and do not represent an open-market purchase or sale. Such grants are common for board service and should be interpreted as compensation rather than a direct signal of personal buying or selling intentions.