BANC BANC OF CALIFORNIA, INC.
Price Chart
Executive Summary
Warburg Pincus LLC, a major affiliate shareholder, filed Form 144 to sell 2,640,244 shares of Banc of California common stock valued at approximately $50.6M, continuing a distribution pattern after a 4.25M-share sale in February 2026. The sale represents a material reduction but as an institutional affiliate, not management, the signal is moderate.
Actionable Insight
Track whether Warburg Pincus executes this sale in the coming days; further selling could signal a broader exit. For BANC-PF preferred holders, the common stock overhang may pressure common equity but has limited direct impact on preferred dividends.
Key Facts
- Warburg Pincus LLC intends to sell 2,640,244 shares of Banc of California common stock.
- Approximate market value of proposed sale: $50,613,478.
- Shares were acquired on 11/30/2023 via merger.
- Warburg Pincus previously sold 4,250,000 shares on 02/13/2026 for $85,000,000.
- The filing is an advance notice of intent to sell; the sale may not occur.
Financial Impact
~$50.6M sale representing continued distribution by top shareholder
Risk Factors
- Continued selling by Warburg Pincus could create near-term price pressure on common stock.
- Lack of context on remaining holdings limits assessment of exit strategy.
Market Snapshot
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (Primary) | 0001193125-26-212760 |
| Document: 0001193125-26-212760-index.html | 0001193125-26-212760 |
| Document: 0001193125-26-212760.txt | 0001193125-26-212760 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
May 29, 2026
16d ago
|
144
| $25.20 $25.23 | ▲ +0.12% | ▲ +2.87% | $20.17 (−19.96%) |
|
May 26, 2026
19d ago
|
144
| $25.27 $25.11 | ▼ −0.63% | ▼ −1.10% | $20.17 (−20.18%) |
|
May 8, 2026
5w ago
|
144
| $25.62 $25.64 | ▲ +0.08% | ▼ −1.39% | $20.17 (−21.27%) |
|
Apr 22, 2026
7w ago
|
8-K
| $25.58 $25.41 | ▼ −0.66% | ▼ −2.14% | $20.17 (−21.15%) |
|
Mar 26, 2026
11w ago
|
DEFA14A
| $24.94 $25.11 | ▲ +0.68% | ▼ −3.18% | $20.17 (−19.13%) |
US Market Status
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