Marianne Lake - Dec 12, 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: Dec 12, 2023
Transactions value $: -$5,158,906
Form type: 4
Date filed: 12/12/2023, 05:06 PM
Previous filing: Mar 28, 2023
Next filing: Jan 16, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	JPM	Common Stock	Sale	-$5.16M	-32.2K	-19.64%	$160.00	132K	Dec 12, 2023	By GRATs	F1
holding	JPM	Common Stock						54.5K	Dec 12, 2023	Direct	F1
holding	JPM	Common Stock						16.8K	Dec 12, 2023	By Family Trust	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	(1) Balance reflects a) 8,914 shares; b) 6,485 shares; and c) 9,580 shares transferred from a Grantor Retained Annuity Trust ("GRAT") to the Grantor on May 1, 2023; d) 5,034 shares transferred from a GRAT to the Grantor's Family Trust; and e) 56,932 shares transferred from the Grantor for funding of a Grantor Retained Annuity Trust on May 9, 2023. These transfers are exempt from Section 16 pursuant to Rule 16a-13.

Content

(1) Balance reflects a) 8,914 shares; b) 6,485 shares; and c) 9,580 shares transferred from a Grantor Retained Annuity Trust ("GRAT") to the Grantor on May 1, 2023; d) 5,034 shares transferred from a GRAT to the Grantor's Family Trust; and e) 56,932 shares transferred from the Grantor for funding of a Grantor Retained Annuity Trust on May 9, 2023. These transfers are exempt from Section 16 pursuant to Rule 16a-13.