Stacey Friedman - 07 Aug 2023 Form 4 Insider Report for JPMORGAN CHASE & CO (JPM)

Signature
/s/ Holly Youngwood under POA
Issuer symbol
JPM
Transactions as of
07 Aug 2023
Net transactions value
-$677,343
Form type
4
Filing time
08 Aug 2023, 16:20:05 UTC
Previous filing
28 Mar 2023
Next filing
06 Sep 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction JPM Common Stock Sale $677,343 -4,310 -6.9% $157.16 57,735 07 Aug 2023 Direct F1
holding JPM Common Stock 34,556 07 Aug 2023 By GRAT 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 Balances reflect a) 8,468 shares and b) 8,770 shares transferred from a Grantor Retained Annuity Trust ("GRAT") to the Grantor on May 1, 2023 and c) 20,744 shares transferred from the Grantor to fund a new GRAT on May 5, 2023. These transactions are exempt from Section 16(b) pursuant to Rule 16a-13.