Lynn Hopkins - Mar 1, 2023 Form 4 Insider Report for BANC OF CALIFORNIA, INC. (BANC)

Role: CHIEF FINANCIAL OFFICER
Signature: /s/ Ido Dotan, Attorney-in-Fact for Lynn M Hopkins
Stock symbol: BANC
Transactions as of: Mar 1, 2023
Transactions value $: -$182,346
Form type: 4
Date filed: 3/3/2023, 03:22 PM
Previous filing: Mar 1, 2023
Next filing: Mar 10, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BANC	Common Stock	Tax liability	-$27.8K	-1.58K	-3.24%	$17.55	47.3K	Mar 1, 2023	Direct	F1
transaction	BANC	Common Stock	Tax liability	-$155K	-8.92K	-18.86%	$17.32	38.4K	Mar 2, 2023	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	BANC	Performance Stock Units						97.1K	Mar 1, 2023	Common Stock	97.1K		Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Shares disposed to satisfy the Reporting Person's tax liability by the vesting of a previously granted award.
F2	Represents grant of performance-based restricted stock units. Shares will be issued upon achievement of both (a) Issuer's common stock achieving a twenty-day Volume-Weighted Average Price of $35 per share within four years from the date of grant and (b) the Reporting Persons' continued service through the fourth anniversary of the grant.