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[8-K] California Resources Corporation Reports Material Event

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

Verisk Analytics (VRSK) � Form 4 insider filing: CEO and Director Lee Shavel reported a single transaction dated 08/01/2025 coded “G,� indicating a charitable gift rather than an open-market sale. The filing shows 1,800 shares of common stock transferred at $0.00. Following the gift, Shavel’s directly held position stands at 81,107 shares. No derivative securities were involved and there were no accompanying sales for cash proceeds. The filing was signed by attorney-in-fact Kathy Card Beckles on 08/04/2025.

The 1,800-share reduction represents a small fraction of the CEO’s total direct ownership and does not alter control status. Because the shares were donated, it does not imply negative sentiment or liquidity needs. Investors typically view charitable gifts as neutral events, though they slightly decrease insider alignment through a modest reduction in holdings.

Verisk Analytics (VRSK) � Comunicazione interna Form 4: Il CEO e Direttore Lee Shavel ha riportato una singola transazione datata 01/08/2025 con codice “G,� che indica un regalo benefico e non una vendita sul mercato aperto. Il documento mostra il trasferimento di 1.800 azioni ordinarie a prezzo di $0,00. Dopo la donazione, la posizione detenuta direttamente da Shavel è di 81.107 azioni. Non sono stati coinvolti titoli derivati né vi sono state vendite per ricavi in contanti. La comunicazione è stata firmata dall’avvocato rappresentante Kathy Card Beckles il 04/08/2025.

La riduzione di 1.800 azioni rappresenta una piccola parte della proprietà diretta totale del CEO e non modifica lo status di controllo. Poiché le azioni sono state donate, non implica un sentimento negativo o necessità di liquidità. Gli investitori generalmente considerano i regali benefici come eventi neutrali, anche se riducono leggermente l’allineamento degli insider tramite una modesta diminuzione delle partecipazioni.

Verisk Analytics (VRSK) � Presentación interna Formulario 4: El CEO y Director Lee Shavel reportó una única transacción fechada el 01/08/2025 con código “G,� que indica un donativo benéfico en lugar de una venta en el mercado abierto. La presentación muestra la transferencia de 1.800 acciones comunes a $0.00. Tras la donación, la posición directamente poseída por Shavel es de 81.107 acciones. No se involucraron valores derivados ni hubo ventas concomitantes para obtener efectivo. La presentación fue firmada por la apoderada legal Kathy Card Beckles el 04/08/2025.

La reducción de 1.800 acciones representa una pequeña fracción de la propiedad directa total del CEO y no altera el estatus de control. Debido a que las acciones fueron donadas, no implica un sentimiento negativo ni necesidad de liquidez. Los inversores suelen considerar los donativos benéficos como eventos neutrales, aunque disminuyen ligeramente la alineación de los insiders mediante una modesta reducción de las participaciones.

Verisk Analytics (VRSK) � 내부� 신고� Form 4: CEO � 이사� Lee Shavel은 2025� 8� 1일자� "G" 코드가 표시� 단일 거래� 보고했으�, 이는 공개 시장 매도가 아닌 자선 기부� 의미합니�. 신고서에� 1,800� 보통주가 $0.00� 이전� 것으� 나타� 있습니다. 기부 � Shavel� 직접 보유� 주식 수는 81,107�입니�. 파생상품은 포함되지 않았으며 현금 수익� 위한 매도� 없었습니�. 신고서는 2025� 8� 4� 법률 대리인 Kathy Card Beckles가 서명했습니다.

1,800� 감소� CEO� � 직접 보유 지� � 극히 일부� 해당하며 지배력 상태에는 변함이 없습니다. 주식� 기부� 것이므� 부정적� 감정이나 유동� 필요� 의미하지 않습니다. 투자자들은 일반적으� 자선 기부� 중립적인 사건으로 보지�, 보유 주식� 약간 줄어들어 내부자와� 정렬� 소폭 감소합니�.

Verisk Analytics (VRSK) � Déclaration interne Formulaire 4 : Le PDG et directeur Lee Shavel a déclaré une transaction unique datée du 01/08/2025 codée « G », indiquant un don caritatif plutôt qu’une vente sur le marché ouvert. La déclaration montre le transfert de 1 800 actions ordinaires à 0,00 $. Après ce don, la position détenue directement par Shavel s’élève à 81 107 actions. Aucun titre dérivé n’a été impliqué et aucune vente accompagnante pour encaissement n’a eu lieu. La déclaration a été signée par la mandataire Kathy Card Beckles le 04/08/2025.

La réduction de 1 800 actions représente une petite fraction de la détention directe totale du PDG et ne modifie pas le statut de contrôle. Puisque les actions ont été données, cela n’implique pas de sentiment négatif ni de besoin de liquidités. Les investisseurs considèrent généralement les dons caritatifs comme des événements neutres, bien qu’ils réduisent légèrement l’alignement des initiés par une modeste diminution des participations.

Verisk Analytics (VRSK) � Insider-Meldung Form 4: CEO und Direktor Lee Shavel meldete eine einzelne Transaktion vom 01.08.2025 mit dem Code „G�, was auf eine gemeinnützige Schenkung und keinen Verkauf am offenen Markt hinweist. Die Meldung zeigt den Transfer von 1.800 Stammaktien zu einem Preis von 0,00 $. Nach der Schenkung hält Shavel direkt 81.107 Aktien. Es waren keine Derivate beteiligt und es gab keine begleitenden Verkäufe gegen Barzahlung. Die Meldung wurde am 04.08.2025 von der bevollmächtigten Anwältin Kathy Card Beckles unterzeichnet.

Die Reduzierung um 1.800 Aktien stellt nur einen kleinen Bruchteil des direkten Gesamtbesitzes des CEO dar und ändert nichts am Kontrollstatus. Da die Aktien gespendet wurden, deutet dies nicht auf negative Stimmung oder Liquiditätsbedarf hin. Investoren betrachten gemeinnützige Schenkungen in der Regel als neutrale Ereignisse, obwohl sie die Insider-Ausrichtung durch eine geringe Reduzierung der Beteiligungen leicht verringern.

Positive
  • None.
Negative
  • CEO’s direct share count declined by 1,800 shares (�2% of prior direct holdings), marginally reducing insider alignment.

Insights

TL;DR: CEO gifted 1,800 shares, no cash sale; negligible impact on ownership or valuation.

The Form 4 documents a non-discretionary charitable transfer (Code G) of 1,800 common shares, leaving 81,107 shares directly held. With no price and no derivative activity, the gift neither signals profit-taking nor immediate liquidity concerns. Compared with the post-transaction stake, the reduction is roughly 2%—immaterial relative to Verisk’s 146 m share float. I view the market impact as neutral; no change to insider sentiment or capital structure.

TL;DR: Charitable gift by CEO reflects philanthropic activity, not governance red flag.

Rule 16a Code G transactions are excluded from insider-trading presumptions. Shavel remains both CEO and Director and continues to file individually, confirming transparency. The modest size and charitable nature suggest compliance with best-practice gifting policies. No indication of control shifts or undisclosed agreements. Overall governance impact: neutral.

Verisk Analytics (VRSK) � Comunicazione interna Form 4: Il CEO e Direttore Lee Shavel ha riportato una singola transazione datata 01/08/2025 con codice “G,� che indica un regalo benefico e non una vendita sul mercato aperto. Il documento mostra il trasferimento di 1.800 azioni ordinarie a prezzo di $0,00. Dopo la donazione, la posizione detenuta direttamente da Shavel è di 81.107 azioni. Non sono stati coinvolti titoli derivati né vi sono state vendite per ricavi in contanti. La comunicazione è stata firmata dall’avvocato rappresentante Kathy Card Beckles il 04/08/2025.

La riduzione di 1.800 azioni rappresenta una piccola parte della proprietà diretta totale del CEO e non modifica lo status di controllo. Poiché le azioni sono state donate, non implica un sentimento negativo o necessità di liquidità. Gli investitori generalmente considerano i regali benefici come eventi neutrali, anche se riducono leggermente l’allineamento degli insider tramite una modesta diminuzione delle partecipazioni.

Verisk Analytics (VRSK) � Presentación interna Formulario 4: El CEO y Director Lee Shavel reportó una única transacción fechada el 01/08/2025 con código “G,� que indica un donativo benéfico en lugar de una venta en el mercado abierto. La presentación muestra la transferencia de 1.800 acciones comunes a $0.00. Tras la donación, la posición directamente poseída por Shavel es de 81.107 acciones. No se involucraron valores derivados ni hubo ventas concomitantes para obtener efectivo. La presentación fue firmada por la apoderada legal Kathy Card Beckles el 04/08/2025.

La reducción de 1.800 acciones representa una pequeña fracción de la propiedad directa total del CEO y no altera el estatus de control. Debido a que las acciones fueron donadas, no implica un sentimiento negativo ni necesidad de liquidez. Los inversores suelen considerar los donativos benéficos como eventos neutrales, aunque disminuyen ligeramente la alineación de los insiders mediante una modesta reducción de las participaciones.

Verisk Analytics (VRSK) � 내부� 신고� Form 4: CEO � 이사� Lee Shavel은 2025� 8� 1일자� "G" 코드가 표시� 단일 거래� 보고했으�, 이는 공개 시장 매도가 아닌 자선 기부� 의미합니�. 신고서에� 1,800� 보통주가 $0.00� 이전� 것으� 나타� 있습니다. 기부 � Shavel� 직접 보유� 주식 수는 81,107�입니�. 파생상품은 포함되지 않았으며 현금 수익� 위한 매도� 없었습니�. 신고서는 2025� 8� 4� 법률 대리인 Kathy Card Beckles가 서명했습니다.

1,800� 감소� CEO� � 직접 보유 지� � 극히 일부� 해당하며 지배력 상태에는 변함이 없습니다. 주식� 기부� 것이므� 부정적� 감정이나 유동� 필요� 의미하지 않습니다. 투자자들은 일반적으� 자선 기부� 중립적인 사건으로 보지�, 보유 주식� 약간 줄어들어 내부자와� 정렬� 소폭 감소합니�.

Verisk Analytics (VRSK) � Déclaration interne Formulaire 4 : Le PDG et directeur Lee Shavel a déclaré une transaction unique datée du 01/08/2025 codée « G », indiquant un don caritatif plutôt qu’une vente sur le marché ouvert. La déclaration montre le transfert de 1 800 actions ordinaires à 0,00 $. Après ce don, la position détenue directement par Shavel s’élève à 81 107 actions. Aucun titre dérivé n’a été impliqué et aucune vente accompagnante pour encaissement n’a eu lieu. La déclaration a été signée par la mandataire Kathy Card Beckles le 04/08/2025.

La réduction de 1 800 actions représente une petite fraction de la détention directe totale du PDG et ne modifie pas le statut de contrôle. Puisque les actions ont été données, cela n’implique pas de sentiment négatif ni de besoin de liquidités. Les investisseurs considèrent généralement les dons caritatifs comme des événements neutres, bien qu’ils réduisent légèrement l’alignement des initiés par une modeste diminution des participations.

Verisk Analytics (VRSK) � Insider-Meldung Form 4: CEO und Direktor Lee Shavel meldete eine einzelne Transaktion vom 01.08.2025 mit dem Code „G�, was auf eine gemeinnützige Schenkung und keinen Verkauf am offenen Markt hinweist. Die Meldung zeigt den Transfer von 1.800 Stammaktien zu einem Preis von 0,00 $. Nach der Schenkung hält Shavel direkt 81.107 Aktien. Es waren keine Derivate beteiligt und es gab keine begleitenden Verkäufe gegen Barzahlung. Die Meldung wurde am 04.08.2025 von der bevollmächtigten Anwältin Kathy Card Beckles unterzeichnet.

Die Reduzierung um 1.800 Aktien stellt nur einen kleinen Bruchteil des direkten Gesamtbesitzes des CEO dar und ändert nichts am Kontrollstatus. Da die Aktien gespendet wurden, deutet dies nicht auf negative Stimmung oder Liquiditätsbedarf hin. Investoren betrachten gemeinnützige Schenkungen in der Regel als neutrale Ereignisse, obwohl sie die Insider-Ausrichtung durch eine geringe Reduzierung der Beteiligungen leicht verringern.

0001609253false00016092532025-08-052025-08-05

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_____________________
FORM 8-K
_____________________
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): August 5, 2025
_____________________
California Resources Corporation
(Exact Name of Registrant as Specified in its Charter)
Delaware001-3647846-5670947
(State or Other Jurisdiction of
Incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
1 World Trade Center
Suite 1500
Long Beach
California90831
(Address of Principal Executive Offices)(Zip Code)
Registrant’s Telephone Number, Including Area Code: (888) 848-4754
_____________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common StockCRCNew York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.



Item 2.02    Results of Operations and Financial Condition.
On August 5, 2025, California Resources Corporation (the “Company”) issued a press release announcing its financial condition and results of operations for the three and six months ended June 30, 2025. A copy of the press release is furnished as Exhibit 99.1 to this report on Form 8-K, and is incorporated herein by reference.
The information contained in this Item 2.02 and the exhibit hereto shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and shall not be incorporated by reference into any filings made by the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as may be expressly set forth by specific reference in such filing.
Item 9.01    Financial Statements and Exhibits.

(d)    Exhibits

Exhibit No.Description
99.1
Press Release dated August 5, 2025.
104Cover Page Interactive Data File (embedded within the Inline XBRL document).


1


SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
California Resources Corporation
/s/ Michael L. Preston
Name:Michael L. Preston
Title:
Executive Vice President, Chief Strategy Officer and General Counsel





DATED: August 5, 2025


FAQ

How many Verisk (VRSK) shares did CEO Lee Shavel transfer?

He transferred 1,800 common shares.

What was the transaction code reported in the Form 4?

The filing lists Code G, indicating a charitable gift.

What is Lee Shavel’s remaining direct ownership after the transaction?

His direct holdings total 81,107 shares post-transaction.

Did the Form 4 include any derivative securities activity?

No, no derivative securities were acquired or disposed.

Was there any cash received in the reported transaction?

No cash was involved; the shares were gifted at $0.00.
California Res Corp

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4.18B
83.92M
4.99%
92.95%
3.78%
Oil & Gas E&P
Crude Petroleum & Natural Gas
United States
LONG BEACH