John K. Sotoodeh - 01 Mar 2023 Form 4 Insider Report for BANC OF CALIFORNIA, INC. (BANC)

Role: Chief Operating Officer
Signature: /s/ Ido Dotan, Attorney-in-Fact for John K Sotoodeh
Issuer symbol: BANC
Transactions as of: 01 Mar 2023
Net transactions value: -$74,807
Form type: 4
Filing time: 03 Mar 2023, 15:19:14 UTC
Previous filing: 01 Mar 2023
Next filing: 10 Mar 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BANC	Common Stock	Tax liability	$15,988	-911	-2%	$17.55	45,537	01 Mar 2023	Direct	F1
transaction	BANC	Common Stock	Tax liability	$58,819	-3,396	-7.5%	$17.32	42,141	02 Mar 2023	Direct	F1

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	BANC	Performance Stock Units						62,502	01 Mar 2023	Common Stock	62,502		Direct	F2

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

Explanation of Responses:

Id	Content
F1	Shares disposed to satisfy the Reporting Person's tax liability by the vesting of a previously granted award.
F2	Represents grant of performance-based restricted stock units. Shares will be issued upon achievement of both (a) Issuer's common stock achieving a twenty-day Volume-Weighted Average Price of $35 per share within four years from the date of grant and (b) the Reporting Persons' continued service through the fourth anniversary of the grant.