Myers Scott Alexander's Form 4 filing
California BanCorp (CALB) · filed Jul 31, 2024
- Accession no.
- 0000950170-24-088747
- Filed
- Jul 31, 2024
- Trade date
- Aug 3, 2023-Jul 31, 2024
- Filing delay
- 363 daysLate
- Rule 10b5-1 plan
- Not checked
This filing lists 8 non-derivative transactions and 5 derivative transactions. Open-market sales total $197.4K. It was filed 363 days after the trade, past the 2-business-day deadline.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Myers Scott AlexanderCIK 0001808173 | Officer (SEVP, Chief Lending Offier) |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Aug 3, 2023 | Common Stock | SSaleDisposed | −3,254 | $18.66F1 | −$60,719.64 | 16,133 | Direct | |
| Feb 1, 2024 | Common Stock | SSaleDisposed | −2,564 | $24.68 | −$63,279.52 | 12,879 | Direct | |
| Mar 1, 2024 | Common Stock | SSaleDisposed | −413 | $22.99 | −$9,494.87 | 10,315 | Direct | |
| Apr 12, 2024 | Common Stock | SSaleDisposed | −632 | $21.99 | −$13,897.68 | 9,902 | Direct | |
| Apr 29, 2024 | Common Stock | SSaleDisposed | −806 | $22.09 | −$17,804.54 | 9,270 | Direct | |
| May 9, 2024 | Common Stock | SSaleDisposed | −174 | $21.85 | −$3,801.9 | 8,464 | Direct | |
| Jun 12, 2024 | Common Stock | SSaleDisposed | −1,298 | $21.90 | −$28,426.2 | 8,290 | Direct | |
| Jul 31, 2024 | Common Stock | DReturned to the companyDisposed | −8,290 | $0.00F3,F4 | $0 | 0 | Direct |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Jul 31, 2024 | Common Stock | DReturned to the companyDisposed | −20,000 | –F5 | – | 0 | Direct | |
| Jul 31, 2024 | Common Stock | DReturned to the companyDisposed | −5,500 | –F5 | – | 0 | Direct | |
| Jul 31, 2024 | Common Stock | DReturned to the companyDisposed | −5,500 | –F5 | – | 0 | Direct | |
| Jul 31, 2024 | Common Stock | DReturned to the companyDisposed | −5,500 | –F5 | – | 0 | Direct | |
| Jul 31, 2024 | Common Stock | DReturned to the companyDisposed | −5,500 | –F5 | – | 0 | Direct |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
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.
Referenced by the price of 1 transaction in Table I.
- F3
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
Referenced by the price of 1 transaction in Table I.
- F4
(Continued from footnote 3) Exchange Ratio.
Referenced by the price of 1 transaction in Table I.
- F5
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.
Referenced by the price of 5 transactions in Table II.