WOLFF JARED M - 18 Mar 2023 Form 4 Insider Report for BANC OF CALIFORNIA, INC. (BANC)

Role: PRESIDENT AND CEO, Director
Signature: /s/ Ido Dotan, Attorney-in-Fact for Jared M Wolff
Issuer symbol: BANC
Transactions as of: 18 Mar 2023
Transactions value $: -$220,172
Form type: 4
Filing time: 21 Mar 2023, 16:14:00 UTC
Previous filing: 10 Mar 2023
Next filing: 01 May 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BANC	Common Stock	Tax liability	-$220,171	-16,807	-7.31%	$13.10	213,141	18 Mar 2023	Direct	F1
holding	BANC	Common Stock						50,115	18 Mar 2023	By the Wolff Family Trust

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	BANC	Performance Stock Units						279,207	18 Mar 2023	Common Stock	279,207		Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Shares disposed to satisfy the Reporting Person's tax liability by the vesting of a previously granted award.
F2	Represents grant of performance-based restricted stock units. Shares will be issued upon achievement of both (a) Issuer's common stock achieving a twenty-day Volume-Weighted Average Price of $35 per share within four years from the date of grant and (b) the Reporting Persons' continued service through the fourth anniversary of the grant.