Goldentree Asset Management Lp - Sep 27, 2021 Form 4 Insider Report for California Resources Corp (CRC)

Role
10%+ Owner
Signature
GoldenTree Asset Management LP, By: GoldenTree Asset Management LLC, its General Partner, /s/ Steven A. Tananbaum
Stock symbol
CRC
Transactions as of
Sep 27, 2021
Transactions value $
-$2,107,140
Form type
4
Date filed
9/29/2021, 08:12 PM
Previous filing
Sep 24, 2021
Next filing
Oct 5, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CRC Common Stock Purchase -$2.02M -50K -0.48% $40.44 10.4M Sep 27, 2021 See footnotes F1, F2, F3, F4
transaction CRC Common Stock Sale -$85.1K -2K -0.02% $42.57 10.4M Sep 27, 2021 See footnotes F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This Form 4 is filed on behalf of GoldenTree Asset Management LP (the "Advisor"), GoldenTree Asset Management LLC (the "General Partner") and Steven A. Tananbaum (collectively, the "Reporting Persons"). The Advisor is the investment manager or advisor to certain funds and separate accounts managed by the Advisor (the "Funds") and may be deemed to have a pecuniary interest in the securities directly held by the Funds. The General Partner is the general partner of the Advisor and may be deemed to have a pecuniary interest in the Common Stock reported herein in which the Advisor has a pecuniary interest. Steven A. Tananbaum is the managing member of the General Partner and may be deemed to have a pecuniary interest in the Common Stock reported herein in which the Advisor and the General Partner have a pecuniary interest.
F2 The Advisor, the General Partner, and Mr. Tananbaum disclaim beneficial ownership of the Common Stock held by the Funds.
F3 Common Stock held directly by certain funds and separate accounts managed by the Advisor.
F4 A profit of $164,990 calculated by matching this purchase with the sale of 50,000 shares of Common Stock on September 15, 2021 at a purchase price of $43.75 per share, will be disgorged to the issuer on or about October 6, 2021.