Form 4: Bank of America Corp and Bank of America N.A. Reduce Stake in SOBR Safe, Inc., No Longer Subject to Section 16

Bank of America Corp and Bank of America N.A. jointly file a statement indicating their beneficial ownership in SOBR Safe, Inc. has decreased below 10 percent, removing them from Section 16 reporting requirements.

Summary

• Bank of America Corporation and Bank of America N.A. have jointly filed a Form 4 to indicate they are no longer subject to Section 16 of the Securities Exchange Act.
• This is because their beneficial ownership in SOBR Safe, Inc. has decreased below 10 percent.
• The filing includes a Joint Filing Agreement, effective as of March 12, 2025, allowing them to jointly file required documents under Section 13 or Section 16 of the Exchange Act.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing indicating a change in ownership. It is neutral in sentiment.

Industry Context

This filing reflects adjustments in institutional ownership, which is a common occurrence in the market. It indicates a change in Bank of America's investment strategy regarding SOBR Safe, Inc.

Stakeholder Impact

• The reduction in Bank of America's stake could potentially influence investor sentiment towards SOBR Safe, Inc.

Key Dates