Form 4: James Dimon Reports Changes in Beneficial Ownership of JPMorgan Chase & Co. Stock

James Dimon, Chairman & CEO of JPMorgan Chase & Co., reports transactions involving the transfer of shares from Grantor Retained Annuity Trusts (GRATs) on May 14, 2025.

Summary

• James Dimon, Chairman & CEO of JPMorgan Chase & Co., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On May 14, 2025, shares were transferred from Grantor Retained Annuity Trusts (GRATs) to Dimon and family trusts.
• Specifically, 427,371 shares were transferred from a GRAT to Dimon, 123,624 shares were transferred from a GRAT to Family Trusts, 9,134 shares were transferred from a GRAT to Dimon, and 454,428 shares were transferred from a GRAT to Family Trusts.
• Following these transactions, Dimon directly owns 1,757,862 shares of JPMorgan Chase & Co. common stock.
• Dimon also indirectly owns shares through a 401(k) (8,903.8719 shares), Family Trusts (4,278,796 shares), an LLC (116,466 shares), and his spouse (273,035 shares).
• Dimon disclaims beneficial ownership of shares held by the LLC except to the extent of any pecuniary interest.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing. The transactions themselves are related to estate planning, so the sentiment is neutral.

Positives

• The transactions are exempt from Section 16(b) pursuant to Rule 16a-13, indicating compliance with regulations.

Management Comments

• Reporting person disclaims beneficial ownership of such shares except to the extent of any pecuniary interest.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. These filings are closely watched by investors for signals about management's confidence in the company's prospects.

Comparison to Industry Standards

• Monitoring insider transactions is a standard practice across publicly traded companies.
• Executives at companies like Goldman Sachs, Morgan Stanley, and Citigroup also regularly file Form 4s to report changes in their ownership positions.
• The size and frequency of these transactions can vary widely based on individual circumstances and company policies.

Stakeholder Impact

• The transactions themselves are unlikely to have a significant impact on stakeholders, as they are related to personal financial planning.
• However, transparency in insider transactions is important for maintaining investor confidence.

Key Dates

Keywords

Form 4, beneficial ownership, JPMorgan Chase & Co, James Dimon, GRAT, stock, transactions