Klein Rochelle G. 4

What Happened

• Rochelle G. Klein, a director of California BanCorp (BCAL), received an equity award and had a small dividend reinvestment. The filing shows a grant of 3,196 restricted stock units (RSUs) on 2026-06-01 (recorded at $0.00 in the filing) and a prior reinvestment of cash dividends that acquired 28.43 shares on 2026-01-16 for $18.89 per share (total ~$537).
• The RSUs are an award for board service and will convert into shares upon vesting (see footnote); the dividend reinvestment is a routine acquisition rather than an active buy/sell decision.

Key Details

• Transactions:
  • 2026-01-16: Dividend reinvestment — 28.43 shares acquired at $18.89 each, total ≈ $537 (Footnote F1).
  • 2026-06-01: RSU grant — 3,196 units granted, reported at $0.00 in the filing; units vest and convert to shares on 2027-06-01 (Footnote F2).
• Shares owned after the transactions: Not disclosed in the Form 4 filing.
• Filing timeliness: Form 4 was filed 2026-06-03. The 6/1 RSU grant was reported within the normal two-business-day window; the 1/16 dividend reinvestment was reported later than the typical two-business-day requirement (it appears on this June filing).
• No 10b5-1 plan, tax-withholding sale, or immediate sale of awarded shares is indicated in the filing.

Context

• RSUs are awards that convert to shares only after vesting; they are not an immediate sale or cash purchase and generally indicate compensation for service rather than a market-timing signal.
• Dividend reinvestments are routine: reinvesting dividends to buy additional shares is a common, non-speculative way to increase holdings.