Cullen Kevin J. 4

What Happened

• Kevin J. Cullen, a director of California BanCorp (BCAL), was granted/received 1,040 restricted stock units (RSUs) on May 21, 2026. The filing reports the acquisition price as $0.00 (transaction code A — award/grant), with a reported dollar amount of $0.

Key Details

• Transaction date: 2026-05-21; Form 4 filed: 2026-05-26 (appears to be filed after the usual two-business-day window).
• Shares/units acquired: 1,040 RSUs; acquisition price reported: $0.00.
• Shares issued upon vesting: The filing notes these are RSUs issued as consideration for Board service; shares will be issued in full upon vesting scheduled for May 21, 2026 (footnote F1).
• Shares owned following the transaction: not specified in the provided filing.
• Filing timeliness: Filed five days after the transaction date; Form 4s are typically due within two business days, so this appears late.

Context

• This was an award of compensation (RSUs), not an open-market purchase or sale, so it reflects board compensation rather than a direct buy/sell signal. RSUs convert to actual shares upon vesting and may be subject to any tax-withholding or company transfer restrictions not detailed in this Form 4.