David Volk - Jun 25, 2023 Form 4 Insider Report for Southern California Bancorp \ CA (BCAL)

Role
Director
Signature
Manisha Merchant, by POA for David Volk
Stock symbol
BCAL
Transactions as of
Jun 25, 2023
Transactions value $
$0
Form type
4
Date filed
10/6/2023, 02:34 PM
Previous filing
Sep 15, 2023
Next filing
Oct 13, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BCAL Common Stock Other $0 +61 +6.59% $0.00 987 Jun 25, 2023 Direct F1, F2
transaction BCAL Common Stock Award $0 +726 +0.03% $0.00 2.35M Oct 3, 2023 see footnote 3 F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 61 shares of Common Stock were distributed by Castle Creek Advisors IV LLC ("Advisors IV") to Mr. Volk, a managing principal of Castle Creek, on June 25, 2023.
F2 2,178 restricted stock units ("RSUs"), each of which represents the right to receive one share of common stock of Southern California Bancorp ("Common Stock"), were issued to David Volk in his capacity as a member of the Board of Directors of Southern California Bancorp on January 18, 2023 and will become fully vested on January 03, 2024. 182 RSUs vested on October 3, 2023. David Volk assigned such vested shares and the remaining 544 unvested RSUs to Advisors IV.
F3 -Includes 5,187 shares of Common Stock and 544 RSUs held by Advisors IV (inclusive of the assignment noted in footnote 2) and 2,340,719 shares of Common Stock held by Castle Creek Capital Partners VI LP. Mr. Volk, a managing principal of Castle Creek, disclaims beneficial ownership of such shares held by Advisors IV and Castle Creek Capital Partners VI LP, except to the extent of his pecuniary interest therein.