John K. Sotoodeh - Nov 30, 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: Nov 30, 2023
Transactions value $: -$85,543
Form type: 4
Date filed: 12/4/2023, 07:42 PM
Previous filing: Mar 10, 2023
Next filing: Feb 27, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BANC	Common Stock	Award	$0	+20.9K	+50.45%	$0.00	62.4K	Nov 30, 2023	Direct	F1
transaction	BANC	Common Stock	Tax liability	-$85.5K	-7.23K	-11.6%	$11.83	55.1K	Nov 30, 2023	Direct	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
transaction	BANC	Performance Stock Units	Other	$0	-62.5K	-100%	$0.00^*	0	Nov 30, 2023	Common Stock	62.5K		Direct	F3

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

Explanation of Responses:

Id	Content
F1	Represents shares of Issuer's common stock acquired from the vesting of performance-based restricted share unit awards pursuant to the Agreement and Plan of Merger, dated July 25, 2023, by and among Issuer, PacWest Bancorp and Cal Merger Sub, Inc. (the "Merger Agreement").
F2	Shares disposed to satisfy the Reporting Person's tax liability incurred by the vesting of a previously granted award.
F3	In connection with the transactions contemplated by the Merger Agreement, performance-based restricted stock units were canceled for no consideration.