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BCALCalifornia BanCorp \ CA · Insider ownership research

California BanCorp \ CA insiders sold $2.1M in the past 12 months. How much of their stake is that?

Insiders sold $2.1M in the past 12 months.0% was sold under disclosed trading plans, 100% with no plan disclosed. The largest seller, David Rainer (Chairman and CEO, Director), sold $1.4M.Share-of-stake figures for this company are being verified and will be added when that check is finished. Why

Updated Oct 13, 2026 from SEC filings · covers Oct 14, 2025 to Oct 13, 2026
2
buyers among officers and directors (2 trades), past 12 months
0%
of sales were under disclosed trading plans, past 12 months
4 of 20
officers and directors sold shares, past 12 months
Latest filing: Filed Sep 23 for a tax withholding on Sep 21. Michelle Wirfel had 93 shares withheld by the company for taxes. Filing
SEC ownership filings: 76 filed in the 12 months to Oct 13, 2026; 233 on record since May 10, 2023 · See the evidence

What stands out

Two directors bought shares: David Volk (27K shares, $503K) and Frank Muller (450 shares, $10K). These are the first purchases by current officers or directors in the filings on record.David Volk: purchase, Feb 3, 2026 · Frank Muller: purchase, Sep 4, 2026
David Rainer sold $1.4M of stock with no disclosed trading plan. The filings don't state a reason.Largest such sale, May 7, 2026
Shareholders represented on the board by David Volk, not part of management, sold $44.5M of stock.Largest sale, Jan 28, 2026

A share of stake is shown for 0 of the 4 officers and directors who sold. 20 are left out

i
Left out: David Rainer, Rochelle Klein, Frank Di Tomaso, Stephen Cortese, Thomas Dolan, Andrew Armanino, Steven Shelton, Lester Machado, Richard Hernandez, Kevin Cullen, Michelle Wirfel, Anne Williams, Martin Liska, Jean Carandang, Frank Muller, Peter Nutz, Joann Yeung, Ricardo Martin, Manisha Merchant and David Volk (share of stake is being verified).
Disclosed company stock is not an insider's whole wealth.

Who sold, and how much of their stake

Officers and directors, past 12 months. Their share of stake is being verified and is not shown yet; amounts and trading plans are below.

David Rainer
Chairman and CEO, Director
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$1.4MNo plan disclosed
Richard Hernandez
President
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$325KNo plan disclosed
Lester Machado
Director
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$159KNo plan disclosed
Jean Carandang
Bank Chief Financial Officer
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$143KNo plan disclosed
Amounts, filings and trading plans for each seller

Selling by month

Officers and directors, Oct 2025 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.

No plan disclosedOne dollar scale for every month; the tallest bar is labeled
OctNovDecJanFebMar 2026: $143K no plan disclosedMarAprMay 2026: $1.8M no plan disclosed$1.8MMayJunJul 2026: $159K no plan disclosedJulAugSepOct

Recent activity

Past 30 days, Sep 14, 2026 to Oct 13, 2026
Sep 21, 2026Michelle Wirfel had 93 shares ($2K) withheld by the company for taxes (not a market sale).
WhoSharesPrice% of total stakeTotal stake afterTrade dateFiled
Michelle Wirfel
EVP, Chief Operating Officer
93$21.51n/an/aSep 21, 2026Sep 23, 2026

"% of total stake" is the shares in an event against all the vested shares the person held that day, across every share class and holding entity, after that day's vesting. "n/a" means the person's holdings are not confirmed, or the row is a purchase. "Holdings record incomplete" means more shares were sold than the filings show the person held that day, so a percentage would be wrong.

Outside holders, reported separately

David Volk (for the outside shareholder represented on the board) sold $44.5M in the past 12 months. Large shareholders and the funds or companies that board members represent are not part of management, so they are left out of the figures above.

Details

Common questions

Is the California BanCorp \ CA CEO selling stock?

Yes. David Rainer sold 75K shares ($1.4M) in the past 12 months, none of it under a trading plan disclosed in the filings.

Why are California BanCorp \ CA insiders selling?

Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 0% of sales by value ran under 10b5-1 trading plans disclosed in the filings and 100% had no disclosed plan. A trading plan schedules sales in advance.

Are any California BanCorp \ CA insiders buying?

Yes. 2 officers or directors reported 2 purchases in the past 12 months (Form 4 code P; rows the filings describe as reinvested dividends, plan purchases, private deals or moves into the person's own trust are not counted).

The evidence

Who sold4 officers and directors: amount, % of holdings, trading plan
Who soldAmount% of holdingsTrading plan
David Rainer
Chairman and CEO, Director
$1.4M
75K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Richard Hernandez
President
$325K
17K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Lester Machado
Director
$159K
7.5K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Jean Carandang
Bank Chief Financial Officer
$143K
8K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed

Board members representing outside shareholders, reported separately: David Volk (the shareholder sold $44.5M). Details

The full ownership picture0 of 20 officers and directors confirmed

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

InsiderHeld Oct 13, 2025SoldHeld Oct 13, 2026Still held
David Rainer
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for David Rainer are complete.
Chairman and CEO, Director
n/a−75Kn/an/a
Vesting, gifts, unvested awards and holding lines for David Rainer

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for David Rainer are complete; balances and unit counts will be added when the check is finished.

−2Kgifted (net of own trusts)
−42Kwithheld by the company for taxes
Rochelle Klein
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Rochelle Klein are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Rochelle Klein

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Rochelle Klein are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Frank Di Tomaso
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Frank Di Tomaso are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Frank Di Tomaso

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Frank Di Tomaso are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Stephen Cortese
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Stephen Cortese are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Stephen Cortese

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Stephen Cortese are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Thomas Dolan
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Thomas Dolan are complete.
EVP / Bancorp CFO/ CSO
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Thomas Dolan

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Thomas Dolan are complete; balances and unit counts will be added when the check is finished.

−4.1Kgifted (net of own trusts)
−5.2Kwithheld by the company for taxes
Andrew Armanino
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Andrew Armanino are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Andrew Armanino

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Andrew Armanino are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Steven Shelton
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Steven Shelton are complete.
Chief Executive Officer, Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Steven Shelton

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Steven Shelton are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Lester Machado
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Lester Machado are complete.
Director
n/a−7.5Kn/an/a
Vesting, gifts, unvested awards and holding lines for Lester Machado

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Lester Machado are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Richard Hernandez
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Richard Hernandez are complete.
President
n/a−17Kn/an/a
Vesting, gifts, unvested awards and holding lines for Richard Hernandez

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Richard Hernandez are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−7Kwithheld by the company for taxes
Kevin Cullen
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Kevin Cullen are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Kevin Cullen

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Kevin Cullen are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Michelle Wirfel
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Michelle Wirfel are complete.
EVP, Chief Operating Officer
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Michelle Wirfel

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Michelle Wirfel are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−4Kwithheld by the company for taxes
Anne Williams
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. See the filing Sales and other transactions for Anne Williams are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Anne Williams

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Anne Williams are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Martin Liska
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Martin Liska are complete.
EVP / Chief Risk Officer
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Martin Liska

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Martin Liska are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−5.6Kwithheld by the company for taxes
Jean Carandang
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Jean Carandang are complete.
Bank Chief Financial Officer
n/a−8Kn/an/a
Vesting, gifts, unvested awards and holding lines for Jean Carandang

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Jean Carandang are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−4.9Kwithheld by the company for taxes
Frank Muller
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Frank Muller are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Frank Muller

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Frank Muller are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Peter Nutz
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Peter Nutz are complete.
EVP/ Chief Credit Officer
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Peter Nutz

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Peter Nutz are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−4.1Kwithheld by the company for taxes
Joann Yeung
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Joann Yeung are complete.
EVP / Chief Accounting Officer
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Joann Yeung

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Joann Yeung are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−3.8Kwithheld by the company for taxes
Ricardo Martin
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Ricardo Martin are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Ricardo Martin

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Ricardo Martin are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Manisha Merchant
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. See the filing Sales and other transactions for Manisha Merchant are complete.
EVP / Chief Legal Officer
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Manisha Merchant

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Manisha Merchant are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−5.5Kwithheld by the company for taxes
David Volk
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for David Volk are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for David Volk

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for David Volk are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
10,000$9.67Mar 15, 2027$125K
7,500$12.96Feb 20, 2029$69K

Estimate: options held × ($22.13 − strike price), using the most recent insider trade price on Form 4 (Sep 4, 2026), not a market close.

Holdings and share of stake for California BanCorp \ CA are being verified, so no balances, unit counts or percentages are shown. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings.

What explains the selling$2.1M of sales by plan status, purpose, seller and month

Officer and director open-market sales: $2.1M across 107,500 shares. Plan status and stated purpose are separate questions, and a sale can have both.

By plan status

No plan disclosed · $2.1M

Sales with no 10b5-1 plan and no tax reference in the filing. $1.4M of it is David Rainer. No plan disclosed is a statement about the filing, not about why the sale happened. Largest such sale: David Rainer, May 7, 2026

Taxes

82,365 shares ($1.6M) were withheld by the company for taxes, which isn't a market sale.

Purchases · 2 buyers (2 trades)

2 officers and directors bought shares in this period, in 2 trades(Form 4 code P, leaving out rows the filings describe as reinvested dividends, plan purchases, private deals or moves into the person's own trust). Across all their filings on record there are 2 purchase trades.

SellerShares soldProceedsUnder a disclosed planShare of totalSales dates
David Rainer
Chairman and CEO, Director
75K$1.4M0%69%May 7, 2026 to May 7, 2026
Richard Hernandez
President
17K$325K0%16%May 8, 2026 to May 8, 2026
Lester Machado
Director
7.5K$159K0%8%Jul 31, 2026 to Jul 31, 2026
Jean Carandang
Bank Chief Financial Officer
8K$143K0%7%Mar 6, 2026 to Mar 6, 2026

Sales by month

MonthSale proceedsDisclosed planTo cover taxesNo plan disclosed
Oct 2025$0$0$0$0
Nov 2025$0$0$0$0
Dec 2025$0$0$0$0
Jan 2026$0$0$0$0
Feb 2026$0$0$0$0
Mar 2026$143K$0$0$143K
Apr 2026$0$0$0$0
May 2026$1.8M$0$0$1.8M
Jun 2026$0$0$0$0
Jul 2026$159K$0$0$159K
Aug 2026$0$0$0$0
Sep 2026$0$0$0$0
Oct 2026$0$0$0$0
Board members representing outside shareholders (1)Listed and sourced; not part of the management totals or the answer line

Directors whose reported holdings sit mostly in an investment fund or a corporate shareholder they represent, not in their own name, with beneficial ownership disclaimed except for their own financial interest. Listed and sourced here; not part of the management totals or the answer line. Shares a fund hands to its own investors are distributions, not sales.

Board memberHeld Oct 13, 2025SoldHeld Oct 13, 2026Still held
David Volk
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. See the filing Sales and other transactions for David Volk are complete.
Director
n/a−2.35Mn/an/a
Vesting, gifts, unvested awards and holding lines for David Volk

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for David Volk are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Known gaps and uncertainty20 officers and directors not confirmed

Holdings and share of stake are being verified. Balances, unit counts and every share-of-stake figure for California BanCorp \ CA are held back until that check is finished. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings and are complete.

External context: we only cite outside events when a documented connection exists. None is shown for this period.

Sources and methodology233 filings on record, 76 filed in the 12-month period, and how we read them

All 233 Forms 3, 4 and 5 on record for California BanCorp \ CA (SEC CIK 1795815), filed from May 10, 2023 to Sep 23, 2026; 76 of them were filed in the 12 months this page covers, retrieved from SEC EDGAR on Oct 13, 2026. Prices are the ones reported in each filing, often weighted averages.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology

Former or inactive filers (7)No filing in 18 months; last reported balances, not in any total

Spotted something wrong on this page? Report an error. We check every report against the SEC filing and list what we fix in the corrections log.