John K. Sotoodeh - Nov 30, 2023 Form 4 Insider Report for BANC OF CALIFORNIA, INC. (BANC)

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.