David J. Volk - 10 May 2023 Form 3/A - Amendment Insider Report for Southern California Bancorp \ CA (BCAL)

Role
Director
Signature
Manisha Merchant, by POA for David Volk
Issuer symbol
BCAL
Transactions as of
10 May 2023
Net transactions value
$0
Form type
3/A - Amendment
Filing time
15 Sep 2023, 19:17:09 UTC
Date Of Original Report
10 May 2023
Next filing
06 Oct 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding BCAL Common Stock 1,652 10 May 2023 Direct F1
holding BCAL Common Stock 2,346,349 10 May 2023 By Castle Creek Advisors IV LLC and Castle Creek Capital Partners VI LP F2

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
holding BCAL Stock Options 10 May 2023 Common Stock 10,000 $9.67 Direct F3
holding BCAL Stock Options 10 May 2023 Common Stock 7,500 $12.96 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This amendment corrects the number of shares beneficially owned directly by the Reporting Person. Such shares include restricted stock units ("RSUs") granted to the Reporting Person on January 18, 2023, of which, as of the filing date of the original Form 3 (May 10, 2023), 1,452 shares remained to be issued upon vesting of the RSUs in three installments on July 3, 2023, October 3, 2023 and January 3, 2024.
F2 Includes 5,630 shares held by Castle Creek Advisors IV LLC and 2,340,719 shares held by Castle Creek Capital Partners VI LP of common stock, respectively. Mr. Volk, a managing principal of Castle Creek, disclaims beneficial ownership of such shares held by Castle Creek Advisors IV LLC and Castle Creek Capital Partners VI LP, except to the extent of his pecuniary interest therein.
F3 These options are fully vested.
F4 Includes stock options that were granted to the Reporting Person on February 20, 2019, of which 1,500 shares remain to be vested, and will vest on February 20, 2024.