Omar Hayat - Dec 12, 2024 Form 4 Insider Report for California Resources Corp (CRC)

Role
EVP - Operations
Signature
/s/ Ulrik Damborg, Attorney-in-Fact for Omar Hayat
Stock symbol
CRC
Transactions as of
Dec 12, 2024
Transactions value $
-$883,821
Form type
4
Date filed
12/13/2024, 05:30 PM
Previous filing
Jun 21, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CRC Common Stock Sale -$798K -14.5K -30.83% $55.11 32.5K Dec 12, 2024 Direct F1, F2
transaction CRC Common Stock Sale -$86K -1.54K -4.74% $55.87 30.9K Dec 12, 2024 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sales reported herein occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 12, 2024.
F2 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $54.64 to $55.63, inclusive. The reporting person undertakes to provide to CRC, any security holder of CRC, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (2) to this Form 4.
F3 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $55.64 to $56.44, inclusive. The reporting person undertakes to provide to CRC, any security holder of CRC, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (3) to this Form 4.