Christopher D. Gould - 06 Jul 2023 Form 4 Insider Report for California Resources Corp (CRC)

Role
EVP & Chief Sustainability Off
Signature
/s/ Ulrik Damborg, Attorney-in-Fact for Christopher D. Gould
Issuer symbol
CRC
Transactions as of
06 Jul 2023
Net transactions value
-$614,940
Form type
4
Filing time
10 Jul 2023, 17:58:31 UTC
Previous filing
16 Jun 2023
Next filing
26 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CRC Common Stock Options Exercise $0 +29,977 +53% $0.000000 86,442 06 Jul 2023 Direct F1
transaction CRC Common Stock Tax liability $614,940 -13,875 -16% $44.32 72,567 06 Jul 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 CRC Performance Stock Units Options Exercise -29,977 -100% 0 06 Jul 2023 Common Stock 29,977 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the partial vesting of performance stock units ("PSUs") originally granted on June 14, 2021. PSUs convert into common stock on a one-for-one basis.
F2 Represents shares cancelled for payment of taxes on vesting of grant.
F3 Represents PSUs originally granted on June 14, 2021, other than 8,603 PSUs that failed to meet the vesting requirements.