Michael L. Preston - Jan 25, 2023 Form 4 Insider Report for California Resources Corp (CRC)

Signature
/s/ Ulrik Damborg, Attorney-in-Fact for Michael L. Preston
Stock symbol
CRC
Transactions as of
Jan 25, 2023
Transactions value $
-$70,889
Form type
4
Date filed
1/27/2023, 04:03 PM
Previous filing
Mar 24, 2022
Next filing
Feb 27, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CRC Common Stock Tax liability -$70.9K -1.51K -1.83% $47.04 80.7K Jan 25, 2023 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted stock units ("RSUs") surrendered to satisfy tax withholding for RSUs that vested on January 25, 2023. The surrender of RSUs to satisfy tax withholding was made pursuant to the terms of the award. These RSUs were previously awarded on January 25, 2021 and vest in one-third installments on each grant date anniversary, subject to the terms of the award. Each RSU represents a contingent right to receive one share of common stock of the Issuer.
F2 Includes 250 shares acquired under the California Resources Corporation Employee Stock Purchase Plan on January 3, 2023.