Key facts
- California Resources Corp filed a Form 144 on June 4.
- The filing indicates an insider's intention to sell company stock.
- Form 144 is a notice to the SEC about intended security sales by insiders.
California Resources Corp submitted a Form 144 filing on June 4. This regulatory document serves as a notice to the Securities and Exchange Commission (SEC) regarding the intended sale of securities by an insider or affiliate of the company. The filing indicates that a proposed sale of California Resources Corp stock is planned. Form 144 is typically filed before a sale of restricted or control securities to ensure compliance with SEC rules.