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Filing Details

Accession Number:: 0000950170-24-088747
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2024-07-31 17:42:04
Reporting Period:: 2023-08-03

Accepted Time:: 2024-07-31 17:42:04
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1752036	California Bancorp	CALB	State Commercial Banks (6022)	821751097

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1808173	Alexander Scott Myers	1300 Clay Street, Suite 500 Oakland CA 94612	Sevp, Chief Lending Offier	No	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Disposition	2023-08-03	3,254	$18.66	16,133	No	4	S	Direct
Common Stock	Disposition	2024-02-01	2,564	$24.68	12,879	No	4	S	Direct
Common Stock	Disposition	2024-03-01	413	$22.99	10,315	No	4	S	Direct
Common Stock	Disposition	2024-04-12	632	$21.99	9,902	No	4	S	Direct
Common Stock	Disposition	2024-04-29	806	$22.09	9,270	No	4	S	Direct
Common Stock	Disposition	2024-05-09	174	$21.85	8,464	No	4	S	Direct
Common Stock	Disposition	2024-06-12	1,298	$21.90	8,290	No	4	S	Direct
Common Stock	Disposition	2024-07-31	8,290	$0.00	0	No	4	D	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	D	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Stock Option (right to buy)	Disposition	2024-07-31	20,000	$0.00	20,000	$19.02
Common Stock	Stock Option (right to buy)	Disposition	2024-07-31	5,500	$0.00	5,500	$11.50
Common Stock	Stock Option (right to buy)	Disposition	2024-07-31	5,500	$0.00	5,500	$18.17
Common Stock	Stock Option (right to buy)	Disposition	2024-07-31	5,500	$0.00	5,500	$23.04
Common Stock	Stock Option (right to buy)	Disposition	2024-07-31	5,500	$0.00	5,500	$25.33

Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
2029-05-16	No	4	D	Direct
2030-03-19	No	4	D	Direct
2031-03-08	No	4	D	Direct
2032-04-12	No	4	D	Direct
2033-02-16	No	4	D	Direct

Footnotes

This is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.43 to $18.68. The reporting person undertakes to provide to the Issuer, any security holder, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
This total amount corrects an administrative error in the total amount reported in previous filings. No reportable transaction was omitted from previously filings, as supplemented by this filing.
Disposed of pursuant to the Agreement and Plan of Merger and Reorganization, dated January 31, 2024 (the "Merger Agreement"), by and between the Issuer and Southern California Bancorp ("BCAL"). Pursuant to the terms of the Merger Agreement, at the effective time of the merger, each share of Issuer common stock converted into the right to receive 1.590 shares of BCAL common stock (the "Exchange Ratio"), with cash paid in lieu of fractional shares. As a result of the merger, the reporting person no longer beneficially owns, directly or indirectly, any shares of Issuer common stock. Includes restricted stock units with respect to 8,290 shares of the Issuer's common stock. Pursuant to the Merger Agreement, at the effective time of the merger, the reporting person's restricted stock units vested and reporting person became entitled to receive a number of shares BCAL common stock equal to the number of shares of issuer common stock underlying the restricted stock unit multiplied by the
(Continued from footnote 3) Exchange Ratio.
Pursuant to the Merger Agreement, at the effective time of the merger, each of the reporting person's stock options was converted in to the right to receive the amount, if any, by which the option's exercise price exceeds $22.98 (the value of the per share merger consideration), less required tax withholdings.