California BanCorp Director Stephen A. Cortese Receives RSU Award

What Happened Stephen A. Cortese, a director of California BanCorp (BCAL), was awarded 3,196 restricted stock units (RSUs) on June 1, 2026. The Form 4 lists the acquisition price as $0.00 (transaction code A — award/grant), resulting in an acquisition value of $0 reported as $0. The RSUs are not common shares yet and will convert into shares only upon vesting.

Key Details

• Transaction date: 2026-06-01; Filing date: 2026-06-03 (filed timely).
• Security/transaction: 3,196 restricted stock units (RSUs); price per unit reported $0.00; total acquisition value $0.
• Vesting: RSUs vest in full on June 1, 2027 (per footnote F1).
• Shares owned after transaction: Not disclosed in the provided filing details.
• Transaction code: A = Award/Grant (non-sale, non-purchase compensation).

Context RSUs are a form of equity compensation for service; they do not represent immediately tradable shares until they vest. Director RSU grants are common as part of board compensation and do not by themselves indicate a buy or sell signal in the market.