Marianne Lake - Mar 25, 2023 Form 4 Insider Report for JPMORGAN CHASE & CO (JPM)

Role: Co-CEO CCB
Signature: /s/ Holly Youngwood under POA
Stock symbol: JPM
Transactions as of: Mar 25, 2023
Transactions value $: -$3,603,249
Form type: 4
Date filed: 3/28/2023, 04:18 PM
Previous filing: Mar 23, 2023
Next filing: Dec 12, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	JPM	Common Stock	Options Exercise	$0	+52.4K	+83.08%	$0.00	115K	Mar 25, 2023	Direct	F1, F2
transaction	JPM	Common Stock	Tax liability	-$3.6M	-29K	-25.09%	$124.40	86.5K	Mar 25, 2023	Direct	F3
holding	JPM	Common Stock						11.8K	Mar 25, 2023	By Family Trust
holding	JPM	Common Stock						137K	Mar 25, 2023	By GRATs	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	-52.4K	-100%	$0.00^*	0	Mar 25, 2023	Common Stock	52.4K		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, 2023 upon settlement of a Performance Share Unit (PSU) award granted on January 21, 2020 for the three-year performance period ended December 31, 2022 (as previously disclosed on a Form 4 filed on March 23, 2023), 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 a) 21,187 shares transferred from a Grantor Retained Annuity Trust ("GRAT") to the Grantor on February 10, 2023 and b) 45,000 shares transferred from the Grantor for funding of a Grantor Retained Annuity Trust on February 13, 2023. These transfers are 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, 2022, as provided under the terms of a PSU award granted on January 21, 2020, and as previously reported on a Form 4 filed on March 23, 2023. The PSUs settled in shares of common stock on March 25, 2023. 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.