Alastair M. Borthwick - Jul 24, 2024 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, 2024
Transactions value $: -$2,109,500
Form type: 4
Date filed: 7/26/2024, 04:10 PM
Previous filing: Feb 23, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BAC	Common Stock	Options Exercise		+50K	+15.3%		377K	Jul 24, 2024	Direct	F1
transaction	BAC	Common Stock	Disposed to Issuer	-$2.11M	-50K	-13.27%	$42.19	327K	Jul 24, 2024	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	-100%		0	Jul 24, 2024	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.