Omar Hayat - 19 Jun 2023 Form 3 Insider Report for California Resources Corp (CRC)

Role: EVP - Operations
Signature: /s/ Ulrik Damborg, Attorney-in-Fact for Omar Hayat
Issuer symbol: CRC
Transactions as of: 19 Jun 2023
Net transactions value: $0
Form type: 3
Filing time: 20 Jun 2023, 17:33:13 UTC
Next filing: 29 Jan 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	CRC	Common Stock						11,984	19 Jun 2023	Direct	F1
holding	CRC	Common Stock						2,835	19 Jun 2023	Direct	F2
holding	CRC	Common Stock						1,890	19 Jun 2023	Direct	F3
holding	CRC	Common Stock						281	19 Jun 2023	Direct	F4
holding	CRC	Common Stock						187	19 Jun 2023	Direct	F5

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	CRC	Performance Stock Units							19 Jun 2023	Common Stock	12,595		Direct	F6

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

Explanation of Responses:

Id	Content
F1	Represents a grant of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of Common Stock. 6,947 RSUs have already vested; the remainder will vest on January 25, 2024.
F2	Represents a grant of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of Common Stock. These RSUs will vest in three equal installments on each of February 23, 2024, 2025 and 2026.
F3	Represents a grant of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of Common Stock. These RSUs will vest in two equal installments on each of February 23, 2024 and 2025.
F4	Represents a grant of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of Common Stock. These RSUs will vest in three equal installments on each of June 8, 2024, 2025 and 2026.
F5	Represents a grant of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of Common Stock. These RSUs will vest in two equal installments on each of June 8, 2024 and 2025.
F6	Represents the target number of performance stock units ("PSUs") granted on January 25, 2021. Each PSU represents a contingent right to receive one share of Common Stock. The actual number of PSUs that vest and become earned is based on the volume-weighted average price of a share of Common Stock as determined over any 60 consecutive trading days during the three-year performance period, and, subject to certain exceptions, will be settled in shares of Common Stock within 45 days following the end of the three-year performance period.