California BanCorp (BCAL) Director Lester Machado Receives RSU Award

What Happened

• Director Lester Machado acquired 3,196 restricted stock units (RSUs) on 2026-06-01 (grant/award, $0.00 per share) that will convert to shares upon vesting. The grant has a scheduled vest date of June 1, 2027.
• Earlier, on 2026-01-16 Machado acquired 28.51 shares through reinvestment of cash dividends at $18.89 per share for a total of $539 (reported as an "other acquisition"). The RSU grant is an award (not an immediate cash purchase), while the dividend reinvestment was a small purchase.

Key Details

• Transaction dates and prices:
  • 2026-06-01: Grant/award of 3,196 RSUs @ $0.00 (shares issued upon vesting; vest date 6/1/2027). (Footnote F2)
  • 2026-01-16: Dividend reinvestment of 28.51 shares @ $18.89 = $539. (Footnote F1)
• Shares owned after transaction: Not specified in the provided data.
• Footnotes of note:
  • F1: Dividend reinvestment on Jan 16, 2026.
  • F2: RSUs issued as board compensation; shares will be issued in full upon vesting on 6/1/2027.
  • F3: Notes that certain options are fully vested (no option transactions reported here).
• Timeliness: The RSU grant (6/1/2026) was included in this filing dated 2026-06-03. The Jan 16 dividend reinvestment appears to be reported later than the usual two-business-day Form 4 window (i.e., it was reported after the transaction date).

Context

• RSU grants are compensation and do not represent an immediate market purchase — shares are only issued when RSUs vest, so this is not an immediate bullish/personal cash investment signal.
• Dividend reinvestments are routine and often automated; this small $539 reinvestment is typically considered administrative rather than a directional insider trade.
• No sales or option exercises were reported in this filing.