Stacey Friedman - Mar 25, 2022 Form 4 Insider Report for JPMORGAN CHASE & CO (JPM)

Role: General Counsel
Signature: /s/ David K.F. Gillis under POA
Stock symbol: JPM
Transactions as of: Mar 25, 2022
Transactions value $: -$3,833,568
Form type: 4
Date filed: 3/29/2022, 04:18 PM
Previous filing: Mar 17, 2022
Next filing: Jan 17, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	JPM	Common Stock	Options Exercise	$0	+48.8K	+95.33%	$0.00	100K	Mar 25, 2022	Direct	F1, F2
transaction	JPM	Common Stock	Tax liability	-$3.83M	-27K	-26.99%	$141.99	73K	Mar 25, 2022	Direct	F3
holding	JPM	Common Stock						17.8K	Mar 25, 2022	By GRAT	F3

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	JPM	Performance Share Units	Options Exercise	$0	-48.8K	-100%	$0.00^*	0	Mar 25, 2022	Common Stock	48.8K		Direct	F2, F4

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

Explanation of Responses:

Id	Content
F1	These shares represent JPMC common stock acquired on March 25, 2022 upon settlement of a Performance Share Unit (PSU) award granted on January 15, 2019 for the three-year performance period ended December 31, 2021 (as previously disclosed on a Form 4 filed on March 17, 2022), and must be held for an additional two-year period, for a total combined vesting and holding period of five years from the date of grant.
F2	Each PSU represents a contingent right to receive one share of JPMC common stock upon vesting based on the attainment of performance goals.
F3	Balance reflects 17,771 shares transferred from the Grantor to a Grantor Retained Annuity Trust on April 20, 2021. This transfer is exempt from Section 16 pursuant to Rule 16a-13.
F4	Represents PSUs earned (including reinvested dividend equivalents) based on the Firm's attainment of pre-established performance goals for the three-year performance period ended December 31, 2021, as provided under the terms of a PSU award granted on January 15, 2019, and as previously reported on a Form 4 filed on March 17, 2022. The PSUs settled in shares of common stock on March 25, 2022. Shares delivered, after applicable tax withholding, must be held for an additional two-year period, for a total combined vesting and holding period of five years from the date of grant.