Alastair M. Borthwick - Jul 24, 2023 Form 4 Insider Report for BANK OF AMERICA CORP /DE/ (BAC)

Role: Chief Financial Officer
Signature: Alastair M. Borthwick / Michael P. Lapp POA
Stock symbol: BAC
Transactions as of: Jul 24, 2023
Transactions value $: -$1,632,500
Form type: 4
Date filed: 7/26/2023, 04:09 PM
Previous filing: Feb 15, 2023
Next filing: Feb 16, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BAC	Common Stock	Options Exercise		+50K	+16.02%		362K	Jul 24, 2023	Direct	F1
transaction	BAC	Common Stock	Disposed to Issuer	-$1.63M	-50K	-13.81%	$32.65	312K	Jul 24, 2023	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	BAC	Phantom Stock Units	Options Exercise		-50K	-50%		50K	Jul 24, 2023	Common Stock	50K		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.