Nutz Peter 4

What Happened

• Peter Nutz, EVP and Chief Credit Officer of California BanCorp (BCAL), had two transactions reported: a dividend reinvestment on Jan 16, 2026 (acquiring 45.08 shares at $18.89 each, $852) and a disposition on Feb 22, 2026 of 1,215 shares at $18.86 each ($22,915) to satisfy tax withholding related to the vesting of a previously granted award. The Feb 22 transaction is a routine disposal to cover tax liability; the Jan 16 activity is a small purchase via dividend reinvestment.

Key Details

• Transaction dates and prices:
  • 2026-01-16: Reinvestment of cash dividends — 45.08 shares @ $18.89 (acquired) — $852 (F1)
  • 2026-02-22: Shares disposed to satisfy tax withholding — 1,215 shares @ $18.86 (disposed) — $22,915 (F2)
• Footnotes:
  • F1: Reinvestment of cash dividends on January 16, 2026.
  • F2: Shares disposed to satisfy the Reporting Person's tax liability from vesting of a previously granted award.
• Shares owned after the transactions: Not specified in the information provided in this summary.
• Filing timeliness: The Form 4 was filed 2026-02-23. The Feb 22 disposal was reported promptly; the Jan 16 dividend reinvestment was included in this Feb 23 filing and appears to have been reported late relative to the typical 2-business-day Form 4 deadline.

Context

• The larger action here is a tax-withholding sale tied to vesting of an award (a common, non-speculative administrative action). The dividend reinvestment is a routine purchase that modestly increases ownership. Neither transaction by itself necessarily signals a change in the insider’s view of the company beyond standard compensation and dividend handling.