David Volk - Feb 1, 2024 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
Feb 1, 2024
Transactions value $
$0
Form type
4
Date filed
2/5/2024, 08:05 PM
Previous filing
Nov 1, 2023
Next filing
Aug 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BCAL Common Stock Award $0 +2.24K +0.1% $0.00 2.35M Feb 1, 2024 By Castle Creek Advisors IV LLC and Castle Creek Capital Partners VI LP F1, F2
holding BCAL Common Stock 628 Feb 1, 2024 Direct

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 BCAL Stock Options 7.5K Feb 1, 2024 Common Stock 7.5K $12.96 Direct F3
holding BCAL Stock Options 10K Feb 1, 2024 Common Stock 10K $9.67 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These restricted stock units, each of which represents the right to receive one share of common stock of Southern California Bancorp, Inc. (Common Stock), were issued to Castle Creek Advisors IV LLC (Advisors IV), on behalf of David Volk in his capacity as a member of the Board of Directors of Southern California Bancorp, Inc., on February 1, 2024 and will become fully vested on January 4, 2025.
F2 Includes 3,097 shares of Common Stock and 2,239 RSUs held by Advisors IV 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.
F3 Includes stock options that were granted to the Reporting Person on February 20, 2019, of which 1,500 shares remain to be vested, and will vest on February 20, 2024.
F4 These options are fully vested.