James P. DeMare - 24 Jul 2023 Form 4 Insider Report for BANK OF AMERICA CORP /DE/ (BAC)

Role: President, Global Markets
Signature: James P. DeMare / Michael P. Lapp POA
Issuer symbol: BAC
Transactions as of: 24 Jul 2023
Net transactions value: -$1,632,500
Form type: 4
Filing time: 26 Jul 2023, 16:12:43 UTC
Previous filing: 15 Feb 2023
Next filing: 03 Aug 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BAC	Common Stock	Options Exercise		+50,000	+19%		310,108	24 Jul 2023	Revocable Trust	F1
transaction	BAC	Common Stock	Disposed to Issuer	$1,632,500	-50,000	-16%	$32.65	260,108	24 Jul 2023	Revocable Trust

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	BAC	Phantom Stock Units	Options Exercise		-50,000	-50%		50,000	24 Jul 2023	Common Stock	50,000		Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Each phantom stock unit is the economic equivalent of one share of Bank of America Corporation common stock.
F2	On July 24, 2020 the reporting person was granted phantom units, vesting and payable in cash in two equal annual installments beginning on July 24, 2023.