Wirfel Michelle 4

What Happened

• Michelle Wirfel, Chief Operating Officer of California BanCorp (BCAL), disposed of 595 shares on 2026-03-25. The shares were recorded at $17.55 per share for a total reported value of $10,442. This disposition was to satisfy tax withholding obligations arising from the vesting of a previously granted award (transaction code F), not an open-market sell motivated by trading.

Key Details

• Transaction date and price: 2026-03-25; 595 shares at $17.55 each; total $10,442.
• Transaction type/code: F — shares surrendered/used to satisfy tax liability on vesting of an award (see footnote F1).
• Shares owned after transaction: Not specified in this filing.
• Filing date / timeliness: Form 4 filed 2026-03-26 for a 2026-03-25 transaction (appears timely).
• Footnote: F1 — “Shares disposed to satisfy the Reporting Person's tax liability by the vesting of a previously granted award.”

Context

• This was a tax-withholding disposition (common when restricted stock or other awards vest) rather than an open-market sale intended to raise cash or change investment stance. Such transactions are routine and don’t necessarily signal the insider’s view on the company’s stock. Purchases by insiders typically carry more weight as positive signals than routine withholding disposals.