California BanCorp (BCAL) EVP Peter Nutz Withholds 939 Shares for Taxes

What Happened Peter Nutz, Executive Vice President and Chief Credit Officer of California BanCorp (BCAL), had 939 shares withheld to satisfy his tax liability upon the vesting of a previously granted award. The shares were valued at $21.30 each, for a total disposition of approximately $20,001. This was a tax-withholding disposition (not an open-market sale).

Key Details

• Transaction date: 2026-08-02; Filing date: 2026-08-04 (filed timely).
• Price per share: $21.30; Shares withheld/disposed: 939; Total value: ~$20,001.
• Transaction code: F (shares disposed to satisfy tax withholding on vesting).
• Footnote: F1 — Shares disposed to satisfy the Reporting Person's tax liability by the vesting of a previously granted award.
• Shares owned after transaction: not specified in this filing.

Context This was a routine tax-withholding event tied to vested awards (a cashless/withhold-to-cover action), which is common and typically reflects tax compliance rather than a personal decision to sell stock as a market-timing move. Such transactions are generally less informative about the insider's view of the company than open-market purchases or outright sales.