Andrew M. Sieg - Jan 25, 2023 Form 4 Insider Report for BANK OF AMERICA CORP /DE/ (BAC)

Role: Pres, Merrill Wealth Mgmt
Signature: Andrew M. Sieg / Michael P. Lapp POA
Stock symbol: BAC
Transactions as of: Jan 25, 2023
Transactions value $: -$1,331,127
Form type: 4
Date filed: 1/27/2023, 05:27 PM
Previous filing: Feb 15, 2022
Next filing: Feb 15, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BAC	Common Stock	Options Exercise		+75K	+23.89%		389K	Jan 25, 2023	Direct	F1
transaction	BAC	Common Stock	Tax liability	-$1.33M	-38.2K	-9.82%	$34.87	351K	Jan 25, 2023	Direct	F2
holding	BAC	Common Stock						7.85	Jan 25, 2023	401(k) Plan	F3
holding	BAC	Common Stock						12.6K	Jan 25, 2023	By Spouse

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	Restricted Stock Units	Options Exercise		-75K	-100%		0	Jan 25, 2023	Common Stock	75K		Direct	F1, F4

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

Explanation of Responses:

Id	Content
F1	Each unit represents a contingent right to receive one share of Bank of America Corporation common stock.
F2	Disposition of shares to the issuer to satisfy a tax withholding obligation.
F3	The share equivalents attributed to the reporting person's 401(k) balance increased 0.2354 shares due to dividend reinvestments and changes in the Net Asset Value (NAV) of the issuer's stock fund.
F4	On January 25, 2019, the reporting person was granted units, vesting in two equal annual installments commencing on January 25, 2022.