California Resources Corp
An independent energy and carbon management company headquartered in Long Beach, California, and the state's largest oil and natural gas producer. It explores for and produces crude oil, natural gas, and natural gas liquids across California's San Joaquin, Los Angeles, Ventura, and Sacramento basins. The company was created in 2014 as a spin-off of Occidental Petroleum's California operations, and it also runs a carbon capture and storage platform called Carbon TerraVault.
Item 4 of the Schedule 13D is hereby amended and supplemented as follows: Stock Repurchase On June 23, 2025, the Issuer agreed to repurchase 4,950,000 shares of Common Stock from IKAV Impact S.a r.l. at a price of $46.00 per share, for an aggregate purchase price of $227,700,000 (the "Stock Repurchase"). The Stock Repurchase closed on June 25, 2025 (the "Closing Date"). Effective as of the completion of the Stock Repurchase, the lock-up restrictions applicable to sales of Common Stock by the Reporting Persons, pursuant to the previously disclosed Registration Rights Agreement, ceased to be effective. In connection with the completion of the Stock Repurchase, Bobby Saadati resigned from the Issuer's board of directors effective as of the Closing Date, as contemplated by that certain Stockholder Agreement, dated July 1, 2024, by and among the Issuer, IKAV Impact S.a.r.l., and the other stockholders party thereto.
Item 4 of the Schedule 13D is hereby amended and supplemented as follows: Stock Repurchase On June 23, 2025, the Issuer agreed to repurchase 4,950,000 shares of Common Stock from IKAV Impact S.a r.l. at a price of $46.00 per share, for an aggregate purchase price of $227,700,000 (the "Stock Repurchase"). The Stock Repurchase closed on June 25, 2025 (the "Closing Date"). Effective as of the completion of the Stock Repurchase, the lock-up restrictions applicable to sales of Common Stock by the Reporting Persons, pursuant to the previously disclosed Registration Rights Agreement, ceased to be effective. In connection with the completion of the Stock Repurchase, Bobby Saadati resigned from the Issuer's board of directors effective as of the Closing Date, as contemplated by that certain Stockholder Agreement, dated July 1, 2024, by and among the Issuer, IKAV Impact S.a.r.l., and the other stockholders party thereto.
Item 4 of the Schedule 13D is hereby amended and supplemented as follows: Stock Repurchase On June 23, 2025, the Issuer agreed to repurchase 4,950,000 shares of Common Stock from IKAV Impact S.a r.l. at a price of $46.00 per share, for an aggregate purchase price of $227,700,000 (the "Stock Repurchase"). The Stock Repurchase closed on June 25, 2025 (the "Closing Date"). Effective as of the completion of the Stock Repurchase, the lock-up restrictions applicable to sales of Common Stock by the Reporting Persons, pursuant to the previously disclosed Registration Rights Agreement, ceased to be effective. In connection with the completion of the Stock Repurchase, Bobby Saadati resigned from the Issuer's board of directors effective as of the Closing Date, as contemplated by that certain Stockholder Agreement, dated July 1, 2024, by and among the Issuer, IKAV Impact S.a.r.l., and the other stockholders party thereto.
| Holder | Schedule | % of class | Shares | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 13G/APassive | 13% | 11.58M | Jul 27, 2026 |
| Sourcerock Group LLC | 13GPassive | 5.1% | 4.55M | May 15, 2026 |
| Vanguard Portfolio Management | 13GPassive | 5.94% | 5.28M | Apr 29, 2026 |
| The Vanguard Group | 13G/APassive | 0% | 0 | Mar 26, 2026 |
| Canada Pension Plan Investment Board | 13D/AActivist | 7.9% | 7.01M | Mar 16, 2026 |
| CPP Investment Board Private Holdings (5), Inc. | 13D/AActivist | 7.9% | 7.01M | Mar 16, 2026 |
| CPP Investment Board Private Holdings (6), Inc. | 13D/AActivist | 7.9% | 7.01M | Mar 16, 2026 |
| Constantin von Wasserschleben | 13D/AActivist | 4.7% | 3.92M | Jun 25, 2025 |
Item 4 of the Schedule 13D is hereby amended and supplemented as follows: Stock Repurchase On June 23, 2025, the Issuer agreed to repurchase 4,950,000 shares of Common Stock from IKAV Impact S.a r.l. at a price of $46.00 per share, for an aggregate purchase price of $227,700,000 (the "Stock Repurchase"). The Stock Repurchase closed on June 25, 2025 (the "Closing Date"). Effective as of the completion of the Stock Repurchase, the lock-up restrictions applicable to sales of Common Stock by the Reporting Persons, pursuant to the previously disclosed Registration Rights Agreement, ceased to be effective. In connection with the completion of the Stock Repurchase, Bobby Saadati resigned from the Issuer's board of directors effective as of the Closing Date, as contemplated by that certain Stockholder Agreement, dated July 1, 2024, by and among the Issuer, IKAV Impact S.a.r.l., and the other stockholders party thereto. | ||||
| IKAV SICAV FIS SCA | 13D/AActivist | 4.5% | 3.80M | Jun 25, 2025 |
Item 4 of the Schedule 13D is hereby amended and supplemented as follows: Stock Repurchase On June 23, 2025, the Issuer agreed to repurchase 4,950,000 shares of Common Stock from IKAV Impact S.a r.l. at a price of $46.00 per share, for an aggregate purchase price of $227,700,000 (the "Stock Repurchase"). The Stock Repurchase closed on June 25, 2025 (the "Closing Date"). Effective as of the completion of the Stock Repurchase, the lock-up restrictions applicable to sales of Common Stock by the Reporting Persons, pursuant to the previously disclosed Registration Rights Agreement, ceased to be effective. In connection with the completion of the Stock Repurchase, Bobby Saadati resigned from the Issuer's board of directors effective as of the Closing Date, as contemplated by that certain Stockholder Agreement, dated July 1, 2024, by and among the Issuer, IKAV Impact S.a.r.l., and the other stockholders party thereto. | ||||
| IKAV General Partner S.a r.l. | 13D/AActivist | 4.5% | 3.80M | Jun 25, 2025 |
Item 4 of the Schedule 13D is hereby amended and supplemented as follows: Stock Repurchase On June 23, 2025, the Issuer agreed to repurchase 4,950,000 shares of Common Stock from IKAV Impact S.a r.l. at a price of $46.00 per share, for an aggregate purchase price of $227,700,000 (the "Stock Repurchase"). The Stock Repurchase closed on June 25, 2025 (the "Closing Date"). Effective as of the completion of the Stock Repurchase, the lock-up restrictions applicable to sales of Common Stock by the Reporting Persons, pursuant to the previously disclosed Registration Rights Agreement, ceased to be effective. In connection with the completion of the Stock Repurchase, Bobby Saadati resigned from the Issuer's board of directors effective as of the Closing Date, as contemplated by that certain Stockholder Agreement, dated July 1, 2024, by and among the Issuer, IKAV Impact S.a.r.l., and the other stockholders party thereto. | ||||