Mary E. Erdoes - Jan 13, 2024 Form 4 Insider Report for JPMORGAN CHASE & CO (JPM)

Signature
/s/ Holly Youngwood under POA
Stock symbol
JPM
Transactions as of
Jan 13, 2024
Transactions value $
-$4,582,150
Form type
4
Date filed
1/16/2024, 07:10 PM
Previous filing
Jun 15, 2023
Next filing
Jan 18, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction JPM Common Stock Options Exercise $0 +21.8K +3.89% $0.00 582K Jan 13, 2024 Direct F1
transaction JPM Common Stock Options Exercise $0 +19.3K +3.32% $0.00 602K Jan 13, 2024 Direct F1
transaction JPM Common Stock Tax liability -$3.78M -21.9K -3.64% $172.61 580K Jan 13, 2024 Direct
transaction JPM Common Stock Sale -$803K -4.81K -0.83% $166.73 575K Jan 16, 2024 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction JPM Restricted Stock Units Options Exercise $0 -21.8K -100% $0.00* 0 Jan 13, 2024 Common Stock 21.8K Direct F1, F2
transaction JPM Restricted Stock Units Options Exercise $0 -19.3K -50% $0.00 19.3K Jan 13, 2024 Common Stock 19.3K Direct F1, F3
* 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 Each restricted stock unit represents a contingent right to receive one share of JPMC common stock.
F2 Restricted stock units vest 50% on January 13, 2023 and 50% on January 13, 2024.
F3 Restricted stock units vest 50% on January 13, 2024 and 50% on January 13, 2025.