California BanCorp (BCAL) Director Andrew Armanino Receives Award

What Happened

• Andrew J. Armanino, a director of California BanCorp (BCAL), was reported on Form 4 as acquiring 1,025 shares on August 20, 2026. The reported acquisition is the result of restricted stock units (RSUs) issued as board compensation; the filing shows an acquisition price of $0.00 (award/grant).

Key Details

• Transaction date: August 20, 2026; filing date: August 24, 2026 (filed within the SEC 2-business-day window).
• Transaction type/code: A — Award/Grant (RSUs).
• Shares acquired: 1,025; reported acquisition price: $0.00 (non-cash award).
• Shares owned after transaction: not disclosed in the provided filing details.
• Footnote: RSUs were issued as consideration for board service and were scheduled to vest (and be issued in full) on August 20, 2026.

Context

• RSU grants to directors are routine compensation and are non-cash awards; they differ from open-market purchases or sales and do not, by themselves, indicate the insider bought or sold stock for investment reasons. No sale, exercise, tax withholding, or 10b5-1 plan is indicated in the filing.