Moynihan Brian T. - 15 Feb 2023 Form 4 Insider Report for BANK OF AMERICA CORP /DE/ (BAC)

Role: Chairman and CEO, Director
Signature: Brian T. Moynihan / Michael P. Lapp POA
Issuer symbol: BAC
Transactions as of: 15 Feb 2023
Net transactions value: -$2,408,834
Form type: 4
Filing time: 17 Feb 2023, 18:01:24 UTC
Previous filing: 18 Jan 2023
Next filing: 03 Mar 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		+48,352	+2.3%		2,121,614	15 Feb 2023	Direct	F1
transaction	BAC	Common Stock	Tax liability	$762,584	-21,445	-1%	$35.56	2,100,169	15 Feb 2023	Direct	F2
transaction	BAC	Common Stock	Options Exercise		+35,637	+1.7%		2,135,806	15 Feb 2023	Direct	F1
transaction	BAC	Common Stock	Tax liability	$569,387	-16,012	-0.75%	$35.56	2,119,794	15 Feb 2023	Direct	F2
transaction	BAC	Common Stock	Options Exercise		+31,705	+1.5%		2,151,499	15 Feb 2023	Direct	F1
transaction	BAC	Common Stock	Tax liability	$513,131	-14,430	-0.67%	$35.56	2,137,069	15 Feb 2023	Direct	F2
transaction	BAC	Common Stock	Options Exercise		+15,853	+0.74%		2,152,922	15 Feb 2023	Direct	F3
transaction	BAC	Common Stock	Disposed to Issuer	$563,733	-15,853	-0.74%	$35.56	2,137,069	15 Feb 2023	Direct
holding	BAC	Common Stock						3,329	15 Feb 2023	401(k) Plan
holding	BAC	Common Stock						100,000	15 Feb 2023	By 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	2020 Restricted Stock Units	Options Exercise		-48,352	-100%		0	15 Feb 2023	Common Stock	48,352		Direct	F1, F4
transaction	BAC	2021 Restricted Stock Units	Options Exercise		-35,637	-33%		71,274	15 Feb 2023	Common Stock	35,637		Direct	F1, F5
transaction	BAC	2022 Restricted Stock Units	Options Exercise		-31,705	-25%		95,115	15 Feb 2023	Common Stock	31,705		Direct	F1, F6
transaction	BAC	2022 Cash Settled Restricted Stock Units	Options Exercise		-15,853	-100%		0	15 Feb 2023	Common Stock	15,853		Direct	F3, F7

* 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	Each unit is the economic equivalent of one share of Bank of America Corporation common stock.
F4	On February 14, 2020, the reporting person was granted units, vesting in three equal annual installments commencing on February 15, 2021.
F5	On February 12, 2021, the reporting person was granted units, vesting in four equal annual installments commencing on February 15, 2022.
F6	On February 15, 2022, the reporting person was granted units, vesting in four equal annual installments commencing on February 15, 2023.
F7	On February 15, 2022, the reporting person was granted units, vesting and payable solely in cash as follows: 1/12th of the stock units vest and become payable on the 15th day of each month during the 12-month period beginning in March 2022 and ending in February 2023.