David I Rainer Form 3 Southern California Bancorp \ CA / David I Rainer ownership change

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Rainer David I

(Last) (First) (Middle)

C/O SOUTHERN CALIFORNIA BANCORP

355 S. GRAND AVE STE 1200

(Street)

LOS ANGELES CA 90071

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
05/10/2023

3. Issuer Name and Ticker or Trading Symbol
Southern California Bancorp \ CA [ BCAL ]

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

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
CEO/Chairman

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	125,001	I	DAVID AND ANNE RAINER TRUST U/A DTD 05/07/1997
Common Stock	392,722(1)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Includes 172,799 restricted stock units ("RSUs"), granted to the Reporting Person as follows: (A) On March 1, 2023, the Reporting Person was granted RSUs representing 15,442 shares that will be issued upon vesting and will vest annually, in substantially equal installments, over a two-year period beginning on March 1, 2024; (B) On March 29, 2022, Reporting Person was granted RSUs, of which 16,181 shares remain to be issued upon vesting and will vest on March 29, 2024; and (C) On November 5, 2020, the Reporting Person was granted RSUs representing 141,176 shares that will be issued upon vesting and will vest annually, in substantially equal installments, over a two-year period beginning on December 1, 2024.

	Manisha Merchant, by POA for David Rainer	05/10/2023
	** 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 5 (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).
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