Armanino Andrew J. 4

What Happened
Andrew J. Armanino, a director of California BanCorp (BCAL), was granted 3,196 restricted stock units (RSUs) on June 1, 2026. The Form 4 reports the acquisition at $0.00 per unit (total reported value $0), with the RSUs scheduled to vest in full on June 1, 2027. This was an equity award for board service rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-01; filing date: 2026-06-03 (appears within the typical two-business-day Form 4 window).
• Reported transaction: Award/Grant (Code A) — 3,196 RSUs at $0.00 each (total $0).
• Shares owned after the transaction: not specified in the provided filing details.
• Footnotes: F1 — RSUs issued as board compensation and vest in full on 2027-06-01. F2 — Adjustment due to a duplicated share count of 37,412 shares (correction to reported ownership totals).

Context
RSUs are deferred equity compensation; no shares were issued to Armanino until vesting and there was no immediate cash exchanged. Awards like this are routine for directors and reflect compensation rather than a direct buy/sell signal for the market. The F2 adjustment corrects a prior duplicated share count and affects reported ownership totals rather than indicating a new market transaction.