[Form 4] JPMORGAN CHASE & CO Insider Trading Activity

Rhea-AI Filing Summary

Hobson Mellody L, a director of JPMorgan Chase & Co, reported acquiring 134.7367 shares of Common Stock on 09/30/2025 at a price of $315.43 per share. After this reported acquisition, she beneficially owns 28,284.2692 shares directly and 124,155 shares indirectly through The GWL Living Trust. The filing notes the shares represent a deferral of a quarterly director retainer that will be paid in common stock following termination of her service as a director. The Form 4 was signed under power of attorney by Holly Youngwood on 10/01/2025.

Positive

• Director alignment: Deferral converts retainer into equity, aligning director compensation with shareholder interests
• Clear disclosure: Form 4 specifies direct and indirect holdings and cites The GWL Living Trust for indirect ownership

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Director deferred compensation into a small equity grant; routine governance disclosure with limited market impact.

This Form 4 records a director-level deferral of a quarterly retainer converted into 134.7367 shares at $315.43 each. Such deferrals are common practice to align director incentives with shareholder outcomes and do not indicate insider trading or extraordinary corporate action. The director retains a meaningful aggregate stake when combining direct and indirect holdings, which can signal ongoing alignment with shareholders. The filing contains clear provenance of indirect holdings via The GWL Living Trust and an executed POA signature, meeting disclosure expectations.

Securities Analyst

TL;DR: Acquisition is small relative to institutional stakes; transaction is procedural, not a material corporate event.

The reported acquisition of 134.7367 shares at $315.43 increases the reporting person’s direct holdings to 28,284.2692 shares with an additional 124,155 shares held indirectly. From an investor-materiality perspective, this quantity and value are modest for an issuer of JPMorgan Chase’s scale and represent routine compensation mechanics rather than a signal of material change in insider position or company outlook.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

HOBSON MELLODY L

(Last) (First) (Middle)

383 MADISON AVENUE

(Street)

NEW YORK NY 10179-0001

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
JPMORGAN CHASE & CO [ JPM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/30/2025		A(1)		134.7367	A	$315.43	28,284.2692	D
Common Stock								124,155	I	By The GWL Living Trust

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Deferral of quarterly retainer, payable in common stock following termination of service as director.

	/s/ Holly Youngwood under POA	10/01/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transaction did Hobson Mellody L report on the Form 4 for JPM (symbol AMJB)?

She reported acquiring 134.7367 shares of Common Stock on 09/30/2025 at $315.43 per share as a deferral of a quarterly retainer.

How many shares does Hobson Mellody L own after the reported transaction?

The filing shows 28,284.2692 shares directly and 124,155 shares indirectly (held via The GWL Living Trust).

What is the reason for the share acquisition stated in the Form 4?

The filing explains the shares result from a deferral of a quarterly retainer payable in common stock following termination of service as director.

Who signed the Form 4 and when was it filed?

The Form 4 was signed under power of attorney by Holly Youngwood on 10/01/2025, reporting a transaction dated 09/30/2025.

Does the Form 4 disclose indirect ownership details?

Yes; it discloses 124,155 shares held indirectly by The GWL Living Trust.