California Resources CEO receives 84,710 RSUs; post-grant 299,409 shares

Rhea-AI Filing Summary

California Resources Corp (CRC) reported an insider equity grant. President and CEO Francisco Leon acquired 84,710 shares of Common Stock on 11/04/2025 via a grant of restricted stock units (RSUs) at $0 per unit. Each RSU represents a contingent right to receive one share.

Following this grant, Leon beneficially owned 299,409 shares, held directly. The RSUs vest over time: 10% on each of November 4, 2026, November 4, 2027, and November 4, 2028; 30% on November 4, 2029; and 40% on November 4, 2030.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Leon Francisco

Role President and CEO

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	84,710	$0.00	--

Holdings After Transaction: Common Stock — 299,409 shares (Direct)

Footnotes (1)

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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^*

Leon Francisco

(Last) (First) (Middle)

1 WORLD TRADE CENTER, SUITE 1500

(Street)

LONG BEACH CA 90831

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
California Resources Corp [ CRC ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President and CEO

3. Date of Earliest Transaction (Month/Day/Year)
11/04/2025

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

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

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

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	11/04/2025		A		84,710(1)	A	$0	299,409	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. Represents grant of restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of Common Stock. These RSUs will vest as follows: 10% of the RSUs on each of November 4, 2026, 2027 and 2028; 30% of the RSUs on November 4, 2029; and 40% of the RSUs on November 4, 2030.

Remarks:

	/s/ Michael L. Preston, Attorney-in-Fact for Francisco Leon	11/05/2025
	** 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.

FAQ

What did CRC (CRC) disclose in this Form 4?

CRC reported that President and CEO Francisco Leon received a grant of 84,710 RSUs on 11/04/2025 at $0 per unit.

How many CRC shares does the CEO own after the reported transaction?

After the transaction, Francisco Leon beneficially owned 299,409 shares, held directly.

What is the vesting schedule for the 84,710 CRC RSUs?

Vesting is 10% on Nov 4, 2026, Nov 4, 2027, and Nov 4, 2028; 30% on Nov 4, 2029; and 40% on Nov 4, 2030.

What does each CRC RSU represent in this grant?

Each RSU represents a contingent right to receive one share of CRC Common Stock.

What was the transaction code for the CRC CEO’s grant?

The transaction was coded as an A (acquisition).

Was the ownership reported as direct or indirect?

Ownership reported after the transaction was Direct (D).