Warburg Pincus LLC's Form 4 filing
Banc of California, Inc. (BANC) · filed Feb 17, 2026
- Accession no.
- 0001140361-26-005846
- Filed
- Feb 17, 2026, 5:45 PM ET
- Trade date
- Feb 13, 2026
- Filing delay
- 4 days
- Rule 10b5-1 plan
- Not checked
This filing lists 1 non-derivative transaction. Open-market sales total $85.4M. It was filed 4 days after the trade.
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 |
|---|---|
| Warburg Pincus LLCCIK 0001162870 | Director |
| Warburg Pincus (Bermuda) Private Equity GP Ltd.CIK 0001555729 | Director |
| Warburg Pincus Partners II (Cayman), L.P.CIK 0001658820 | Director |
| Warburg Pincus (Cayman) Global Growth 14 GP, L.P.CIK 0002003345 | Director |
| Warburg Pincus Financial Sector II Partners (Cayman), L.P.CIK 0002003367 | Director |
| Warburg Pincus (Cayman) Global Growth 14 GP LLCCIK 0002003491 | Director |
| Warburg Pincus (Cayman) Financial Sector II GP LLCCIK 0002003512 | Director |
| Warburg Pincus (Cayman) Financial Sector II GP, L.P.CIK 0002003513 | Director |
| Warburg Pincus Financial Sector II-E (Cayman), L.P.CIK 0002003518 | Director |
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 |
|---|---|---|---|---|---|---|---|---|
| Feb 13, 2026 | Voting Common Stock, par value $0.01 per share | SSaleDisposed | −4,250,000 | $20.10F1 | −$85,425,000 | 2,640,244 | Indirect | Duplicate filing |
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
Reflects the sale of 4,250,000 shares of Common Stock by the Purchasers (as defined in footnote 2) at a price per share of $20.10 pursuant to Rule 144 under the Securities Act of 1933, as amended.
Referenced by the price of 1 transaction in Table I.
Remarks
Solely for purposes of Section 16 of the Exchange Act, each of the Reporting Persons may be deemed a director-by-deputization by virtue of a contractual right to designate a representative to serve on the board of directors of the Issuer. Todd Schell became a director of the Issuer of November 30, 2023. Mr. Schell is a Managing Director in WP LLC's Financials Services group. See Signatures of the Reporting Persons attached as Exhibit 99.1.