Douglas B. Petno - May 15, 2023 Form 4 Insider Report for JPMORGAN CHASE & CO (JPM)

Role: CEO Commercial Banking
Signature: /s/ Holly Youngwood under POA
Stock symbol: JPM
Transactions as of: May 15, 2023
Transactions value $: -$665,331
Form type: 4
Date filed: 5/16/2023, 04:34 PM
Previous filing: Mar 28, 2023
Next filing: Jun 15, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	JPM	Common Stock	Sale	-$665K	-4.93K	-1.72%	$134.90	282K	May 15, 2023	Direct	F1
holding	JPM	Common Stock						23.7K	May 15, 2023	By Family Trust
holding	JPM	Common Stock						104K	May 15, 2023	By GRATs	F1

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

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id	Content
F1	Balance reflects a) 17,264 shares transferred from a Grantor Retained Annuity Trust (GRAT) to the Grantor on May 11, 2023, and b) 10,154 shares transferred from a GRAT to the Grantor on May 11, 2023. These transfers are exempt from Section 16 pursuant to Rule 16a-13.