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

Signature
/s/ Holly Youngwood under POA
Issuer symbol
JPM
Transactions as of
13 Jan 2024
Net transactions value
-$4,582,150
Form type
4
Filing time
16 Jan 2024, 19:10:20 UTC
Previous filing
15 Jun 2023
Next filing
18 Jan 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction JPM Common Stock Options Exercise $0 +21,812 +3.9% $0.000000 582,185 13 Jan 2024 Direct F1
transaction JPM Common Stock Options Exercise $0 +19,343 +3.3% $0.000000 601,528 13 Jan 2024 Direct F1
transaction JPM Common Stock Tax liability $3,779,532 -21,897 -3.6% $172.60 579,631 13 Jan 2024 Direct
transaction JPM Common Stock Sale $802,618 -4,814 -0.83% $166.73 574,817 16 Jan 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 -21,812 -100% $0.000000* 0 13 Jan 2024 Common Stock 21,812 Direct F1, F2
transaction JPM Restricted Stock Units Options Exercise $0 -19,343 -50% $0.000000 19,343 13 Jan 2024 Common Stock 19,343 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.