Cullen Kevin J. 4

What Happened

• Kevin J. Cullen, a director of California BanCorp (BCAL), reported two acquisitions. On Jan 16, 2026 he acquired 40.41 shares via dividend reinvestment at $18.89/share (≈ $763 total). On Feb 20, 2026 he was granted 1,042 restricted stock units (RSUs) (report shows $0 purchase price); those RSUs are scheduled to vest and be issued in full on Feb 20, 2026.

Key Details

• Transaction dates and prices:
  • 2026-01-16: Other acquisition (code J) — 40.41 shares @ $18.89, total ≈ $763 (dividend reinvestment; footnote F1).
  • 2026-02-20: Award/Grant (code A) — 1,042 RSUs @ $0.00 (will convert to shares upon vesting; footnote F2).
• Shares owned after transaction: Not disclosed in this Form 4 filing.
• Footnotes: F1 = reinvestment of cash dividends; F2 = RSUs issued as board service compensation, shares to be issued upon vesting Feb 20, 2026.
• Timeliness: Form filed Feb 23, 2026 covering a Feb 20, 2026 grant; filing appears to be within the required reporting window.

Context

• The 1,042-item entry is a compensation award of RSUs (not an open-market purchase); RSUs will convert to shares when they vest. The dividend reinvestment is a routine acquisition and not a sale. These reported transactions are informational and do not on their own indicate management intent.