Stacey Friedman - Aug 7, 2023 Form 4 Insider Report for JPMORGAN CHASE & CO (JPM)

Role: General Counsel
Signature: /s/ Holly Youngwood under POA
Stock symbol: JPM
Transactions as of: Aug 7, 2023
Transactions value $: -$677,343
Form type: 4
Date filed: 8/8/2023, 04:20 PM
Previous filing: Mar 28, 2023
Next filing: Sep 6, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	JPM	Common Stock	Sale	-$677K	-4.31K	-6.95%	$157.16	57.7K	Aug 7, 2023	Direct	F1
holding	JPM	Common Stock						34.6K	Aug 7, 2023	By GRAT	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id	Content
F1	Balances reflect a) 8,468 shares and b) 8,770 shares transferred from a Grantor Retained Annuity Trust ("GRAT") to the Grantor on May 1, 2023 and c) 20,744 shares transferred from the Grantor to fund a new GRAT on May 5, 2023. These transactions are exempt from Section 16(b) pursuant to Rule 16a-13.