David J. Volk - 08 Aug 2024 Form 4 Insider Report for California BanCorp \ CA (BCAL)

Role
Director
Signature
Manisha Merchant, by POA for David Volk
Issuer symbol
BCAL
Transactions as of
08 Aug 2024
Transactions value $
$0
Form type
4
Filing time
12 Aug 2024, 21:45:35 UTC
Previous filing
05 Feb 2024
Next filing
23 May 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BCAL Common Stock Award $0 +3.15K +0.13% $0.00 2.35M 08 Aug 2024 see footnote 3 F1, F2, F3
holding BCAL Common Stock 1.2K 08 Aug 2024 Direct F4

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 BCAL Stock Options 7.5K 08 Aug 2024 Common Stock 7.5K $12.96 Direct F5
holding BCAL Stock Options 10K 08 Aug 2024 Common Stock 10K $9.67 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These restricted stock units, each of which represents the right to receive one share of common stock of California BanCorp, Inc. (Common Stock), were issued to Castle Creek Advisors IV LLC (Advisors IV), on behalf of David Volk in his capacity as a member of the Board of Directors of California BanCorp, Inc. and will become fully vested on May 30, 2025.
F2 This amount has been reduced by 3,097 shares to reflect the pro-rata, in-kind distributions of shares of Common Stock effected by Advisors IV to its members, for no additional consideration.
F3 Includes 5,385 shares of unvested RSUs held by Advisors IV and 2,340,719 shares of Common Stock held by Castle Creek Capital Partners VI LP. Mr. Volk, a managing principal of Castle Creek, disclaims beneficial ownership of such shares held by Advisors IV and Castle Creek Capital Partners VI LP, except to the extent of his pecuniary interest therein and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
F4 Includes shares were received by the reporting person from Advisors IV in the pro-rata, in-kind distributions of shares of Common Stock effected by Advisors IV to its members, for no additional consideration, in transactions exempt from Section 16 pursuant to Rule 16a-9.
F5 These options are fully vested.

Remarks:

The reporting person is a principal of Castle Creek Capital Partners VI LP and Advisors IV. The reporting person disclaims beneficial ownership of the shares of the Issuer's common stock owned by Advisor IV, and this report shall not be deemed an admission that the reporting person is the beneficial owner of Advisors IV Shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.