Insider trade

Officer sold ~$1.58M of CRC shares in the open market

Traded May 12, 2026 · Filed May 12, 2026

~$1.58M
Approx. value · 26K sh @ $59.82: 104K
Holds after · shares reported: −11.2%
stock since the trade · S&P 500 +5.0%, $59.68 → $53.01 on Oct 5

Why it stands out

California Resources's Chf Strategy Officer & GC sold $1.58M of California Resources shares. The filing does not indicate a pre-arranged trading plan.

Written from the filing's own figures. OQRO describes what was reported and never tells you what to buy or sell

View the official recordSEC Form 4 — Statement of Changes in Beneficial Ownership

All the details

Dates, kept separate

Transaction date: May 12, 2026
Reporting period: Not applicable
Filed with the SEC: May 12, 2026

Officer$1M+

Context

Classification

open market sale

Code S — open-market or private sale

Absolute commitment

~$1,579,675

Shares × reported transaction price

Timing vs results

7 days after results of May 5, 2026, 35 days before results of Jun 16, 2026

Results dates are the company's own 8-K (Item 2.02). Many companies only let insiders trade in a window after results

Planned / mechanical clue

None found in footnotes

Only flagged when a footnote says so; never inferred

After it was reported

After	Stock	S&P 500	Difference
7 days	+4.3%	−0.1%	+4.4%
30 days	−1.2%	−0.1%	−1.1%
90 days	−8.8%	+3.8%	−12.6%

Past results only. Not a forecast.

Source receipt

Record ID: 0001609253-26-000110
Filed / recorded: May 12, 2026, 11:02 PM UTC
Added to OQRO: Oct 6, 2026, 10:35 PM UTC
Parser: form4-xml-v2
Data quality: Verified: identifiers matched exactly
Issuer: California Resources Corp
Issuer CIK: 1609253
Ticker: CRC
Reporting person: Michael L. Preston
Relationship: Officer
Officer title: EVP, Chf Strategy Officer & GC
Security: Common Stock
Table: Non-derivative (Table I)
Transaction date: May 12, 2026
Transaction code: S
Shares / units: 26,409
Price per share: $59.82
Acquired / disposed: Disposed (D)
Shares owned after: 104,214
Ownership form: Direct
Amendment: No

Footnotes from the filing

The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $59.59 to $59.86, 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 (1) to this Form 4.