Banc of California (NYSE: BANC) officer shares used to cover tax on vesting

Rhea-AI Filing Summary

BANC OF CALIFORNIA, INC. chief accounting officer Karen Hon reported a routine tax-withholding disposition of shares. On the reported date, 1,295 shares of common stock were withheld at $17.40 per share to cover tax liabilities from a previously granted award that vested. After this non-market transaction, Hon directly holds 20,740 shares of common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Hon Karen

Role CHIEF ACCOUNTING OFFICER

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	1,295	$17.40	$23K

Holdings After Transaction: Common Stock — 20,740 shares (Direct)

Footnotes (1)

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Key Figures

Shares disposed for tax withholding: 1,295 shares Price per share for tax withholding: $17.40 per share Shares held after transaction: 20,740 shares

3 metrics

Shares disposed for tax withholding 1,295 shares Common Stock, transaction code F

Price per share for tax withholding $17.40 per share Common Stock tax-withholding disposition

Shares held after transaction 20,740 shares Direct ownership following disposition

Key Terms

tax-withholding disposition, transaction code F, vesting of a previously granted award, Form 4

4 terms

tax-withholding disposition financial

"reported a routine tax-withholding disposition of shares"

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

transaction code F regulatory

"transaction_code_description": "Payment of exercise price or tax liability"

vesting of a previously granted award financial

"tax liability incurred by the vesting of a previously granted award"

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a 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). See Instruction 10.

1. Name and Address of Reporting Person^*

Hon Karen

(Last) (First) (Middle)

C/O BANC OF CALIFORNIA, INC.

3 MACARTHUR PLACE

(Street)

SANTA ANA CALIFORNIA 92707

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
BANC OF CALIFORNIA, INC. [ BANC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CHIEF ACCOUNTING OFFICER

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/31/2026		F(1)		1,295	D	$17.4	20,740	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares disposed to satisfy the Reporting Person's tax liability incurred by the vesting of a previously granted award.

Remarks:

	/s/ Ido Dotan, Attorney-in-Fact for Karen Hon	04/01/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did BANC (BANC) officer Karen Hon report in this Form 4?

Karen Hon reported a tax-withholding disposition of 1,295 Banc of California common shares. These shares were delivered to cover taxes from a previously granted award that vested, rather than sold in the open market, and she now directly holds 20,740 shares.

Was the BANC (BANC) Form 4 transaction an open-market sale?

No, the Form 4 shows a tax-withholding disposition, not an open-market sale. Shares were delivered at $17.40 per share to satisfy tax liabilities arising from the vesting of an earlier equity award, according to the filing’s footnote disclosure.

How many BANC (BANC) shares were withheld for taxes in this filing?

The filing reports that 1,295 shares of Banc of California common stock were disposed of for tax withholding. This occurred when a prior equity award vested, and the shares were used to pay the related tax obligation, rather than being sold on the market.

How many BANC (BANC) shares does Karen Hon hold after the transaction?

After the tax-withholding disposition, Karen Hon directly holds 20,740 shares of Banc of California common stock. This figure reflects her position following the delivery of 1,295 shares to satisfy tax liabilities from the vesting of a previously granted equity award.

What does transaction code F mean in the BANC (BANC) Form 4?

Transaction code F indicates shares were disposed of to pay an exercise price or tax liability. In this case, 1,295 shares were delivered at $17.40 per share to cover taxes triggered by the vesting of a prior stock-based compensation award.