Thomas M. Dorrance - 03 Jan 2022 Form 4 Insider Report for California BanCorp

Role: Chief Technology Officer
Signature: /s/ Tom M. Dorrance, by Debra Bradford, attorney-in-fact
Issuer symbol: N/A
Transactions as of: 03 Jan 2022
Net transactions value: -$3.68
Form type: 4
Filing time: 05 Jan 2022, 13:16:32 UTC
Previous filing: 09 Aug 2021
Next filing: 14 Apr 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CALB	Common Stock	Options Exercise	$13,692	+2,100	+9%	$6.52	25,351	03 Jan 2022	Direct
transaction	CALB	Common Stock	Tax liability	$13,696	-674	-2.7%	$20.32	24,677	03 Jan 2022	Direct

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
transaction	CALB	Stock option (right to buy)	Options Exercise	$0	-2,100	-100%	$0.000000^*	0	03 Jan 2022	Common Stock	2,100	$6.52	Direct	F1

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

Explanation of Responses:

Id	Content
F1	The option was granted on January 19, 2012. Twenty percent of the award vested on the first anniversary of the grant date and 1/48 of the award vested each month thereafter. The option expires on January 19, 2022.