Bank of America Form 144 reveals $7M insider share sale planned

Rhea-AI Filing Summary

Bank of America Corp. (NYSE:BAC) filed a Form 144 indicating that an affiliated holder plans to sell up to 148,391 common shares through Merrill Lynch, One Bryant Park, on or after 1 Aug 2025. The filing lists an aggregate market value of $7.02 million, implying a price of roughly $47.30 per share.

The planned block equals only about 0.002 % of BAC’s 7.41 billion shares outstanding and was accumulated via six stock-bonus awards granted between February 2023 and February 2025. No shares have been sold in the prior three months. Given the small size relative to the public float, the notice appears procedural and is unlikely to meaningfully influence BAC’s share price or liquidity.

Insights

Securities Analyst

TL;DR: $7 M insider sale (0.002 % float) is routine; negligible impact expected on BAC valuation.

The Form 144 discloses a modest insider intent to dispose of 148,391 shares, valued at $7.0 M. Because BAC’s market capitalization exceeds $300 B and shares outstanding are over 7.4 B, the sale is immaterial. The shares stem from stock-bonus compensation, suggesting normal diversification rather than adverse signaling. No prior 3-month sales and use of a major broker further reduce market-impact risk. Overall market perception should remain neutral, though persistent insider selling could become a sentiment headwind if volumes increase.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
COMMON	MERRILL LYNCH ONE BRYANT PARK 28TH FLOOR NEW YORK NY 10036	148391	7021862.00	7406941312	08/01/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
COMMON	02/15/2025	STOCK BONUS	BAC			45708	02/15/2025	CASH
COMMON	08/15/2024	STOCK BONUS	BAC			3904	08/15/2024	CASH
COMMON	02/15/2024	STOCK BONUS	BAC			39825	02/15/2024	CASH
COMMON	08/15/2023	STOCK BONUS	BAC			3904	08/15/2023	CASH
COMMON	02/15/2023	STOCK BONUS	BAC			42808	02/15/2023	CASH
COMMON	01/25/2023	STOCK BONUS	BAC			12242	01/25/2023	CASH

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

How many BAC shares are covered by the Form 144 notice?

The filing covers 148,391 Bank of America common shares.

What is the aggregate market value of the proposed BAC share sale?

The shares are valued at approximately $7.02 million according to the filing.

When is the approximate sale date for the BAC shares?

The insider plans to sell on or after 1 August 2025.

How were the shares being sold acquired?

All shares were obtained through stock-bonus awards granted between Feb 2023 and Feb 2025.

What percent of Bank of America’s outstanding shares does the proposed sale represent?

Only about 0.002 % of the 7.41 billion shares outstanding.