John K. Sotoodeh - Mar 1, 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
Stock symbol: BANC
Transactions as of: Mar 1, 2023
Transactions value $: -$74,807
Form type: 4
Date filed: 3/3/2023, 03:19 PM
Previous filing: Mar 1, 2023
Next filing: Mar 10, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BANC	Common Stock	Tax liability	-$16K	-911	-1.96%	$17.55	45.5K	Mar 1, 2023	Direct	F1
transaction	BANC	Common Stock	Tax liability	-$58.8K	-3.4K	-7.46%	$17.32	42.1K	Mar 2, 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						62.5K	Mar 1, 2023	Common Stock	62.5K		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.