Lester Machado Form 3 Southern California Bancorp \ CA / Lester Machado 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^*

Machado Lester

(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
	Officer (give title below)	Other (specify below)

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	47,980	I	Lester Machado & Robert M Pedersen TR UA 03/13/14 Machado-Pedersen Family Trust
Common Stock	10,000	I	Lester Machado MD PC DTD 12/07/06 Defined Benefit Plan
Common Stock	2,778(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
Stock Options	(2)	03/15/2027	Common Stock	8,000	9.67	D
Stock Options	(3)	02/20/2029	Common Stock	7,500	12.96	D

Explanation of Responses:

1. Includes restricted stock units ("RSUs") granted to the Reporting Person on January 18, 2023, of which 2,178 shares remain to be issued upon vesting and will vest quarterly, in three substantially equal installments on July 3, 2023, October 3, 2023 and January 3, 2024.

2. These options are fully vested.

3. Includes stock options that were granted to the Reporting Person on February 20, 2019, of which 1,500 shares remain to be vested, and will vest on February 20, 2024.

	Manisha Merchant, by POA for Lester Machado	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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