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

Role
Pres, Gl Corp & Invest Banking
Signature
Matthew M. Koder / 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, 04:20 PM
Previous filing
Jun 5, 2023
Next filing
Aug 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BAC Common Stock Options Exercise +50K +13.78% 413K Jul 24, 2023 Direct F1
transaction BAC Common Stock Disposed to Issuer -$1.63M -50K -12.11% $32.65 363K 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.