Armanino Andrew J. 4

What Happened

• Andrew J. Armanino, a director of California BanCorp (BCAL), received 1,040 restricted stock units (RSUs) that vested/acquired on May 21, 2026. The Form 4 reports the acquisition as 1,040 shares at $0.00 (award/vesting), reflecting compensation for board service rather than an open-market purchase.

Key Details

• Transaction date: May 21, 2026; Filing date (Form 4): May 26, 2026.
• Reported transaction: Award/Grant (code A) — 1,040 shares acquired at $0.00.
• Consideration/value: Reported as $0 on the Form 4; actual market value would equal the share price on the issuance date but is not stated in the filing.
• Shares owned after transaction: Not specified in this filing.
• Footnote: The award represents RSUs issued as consideration for board service; shares are issued in full upon vesting (footnote F1).
• Timeliness: The Form 4 was filed 5 days after the reported transaction (beyond the standard 2-business-day filing requirement), so it appears to be a late filing.

Context

• This was a compensation-related award (RSUs vesting for director service), not a purchase or sale—such awards are routine board compensation and do not, by themselves, signal a trading decision.
• No tax-withholding sale or immediate disposition of shares is reported in this filing.