Marianne Lake - Mar 25, 2025 Form 4 Insider Report for JPMORGAN CHASE & CO (JPM)

Role: CEO CCB
Signature: /s/ Holly Youngwood under POA
Stock symbol: JPM
Transactions as of: Mar 25, 2025
Transactions value $: -$6,393,628
Form type: 4
Date filed: 3/27/2025, 04:52 PM
Previous filing: Mar 20, 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	JPM	Common Stock	Options Exercise	$0	+50.2K	+42.92%	$0.00	167K	Mar 25, 2025	Direct	F1, F2, F3
transaction	JPM	Common Stock	Tax liability	-$6.39M	-25.6K	-15.33%	$249.72	141K	Mar 25, 2025	Direct
holding	JPM	Common Stock						34.7K	Mar 25, 2025	By Family Trust	F3
holding	JPM	Common Stock						78K	Mar 25, 2025	By GRATs	F3

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	Performance Share Units	Options Exercise	$0	-50.2K	-100%	$0.00	0	Mar 25, 2025	Common Stock	50.2K		Direct	F2, F4

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

Explanation of Responses:

Id	Content
F1	These shares represent JPM common stock acquired on March 25, 2025 upon settlement of a Performance Share Unit (PSU) award granted on January 18, 2022 for the three-year performance period ended December 31, 2024 (as previously disclosed on a Form 4 filed on March 20, 2025), and must be held for an additional two-year period, for a total combined vesting and holding period of five years from the date of grant, as provided under the terms of the PSU award.
F2	Each PSU represents a contingent right to receive one share of JPM common stock upon vesting based on the attainment of performance goals.
F3	Balance reflect a) 8,146 shares transferred from a Grantor Retained Annuity Trust ("GRAT") to the Grantor on February 10, 2025; b) 13,100 shares transferred from a GRAT to the Grantor on February 13, 2025; and c) 15,065 shares transferred from a GRAT to the Grantor's Family Trust on February 14, 2025. These transactions are exempt from Section 16(b) pursuant to Rule 16a-13.
F4	Represents PSUs earned (including reinvested dividend equivalents) based on the Firm's attainment of pre-established performance goals for the three-year performance period ended December 31, 2024, as provided under the terms of a PSU award granted on January 18, 2022, and as previously reported on a Form 4 filed on March 20, 2025. The PSUs settled in shares of common stock on March 25, 2025. Shares delivered, after applicable tax withholding, must be held for an additional two-year period, for a total combined vesting and holding period of five years from the date of grant.