Michelle Wirfel - Jan 10, 2022 Form 4 Insider Report for California BanCorp (CALB)

Role: SEVP and Chief Banking Officer
Signature: /s/ Michele Wirfel, by Debra Bradford, attorney-in-fact
Stock symbol: CALB
Transactions as of: Jan 10, 2022
Transactions value $: -$21
Form type: 4
Date filed: 1/13/2022, 03:03 PM
Next filing: Apr 14, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CALB	Common Stock	Options Exercise	$20.5K	+3.15K	+11.06%	$6.52	31.6K	Jan 10, 2022	Direct
transaction	CALB	Common Stock	Tax liability	-$20.6K	-979	-3.1%	$21.00	30.6K	Jan 10, 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	-3.15K	-100%	$0.00^*	0	Jan 10, 2022	Common Stock	3.15K	$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.