Bank of America corrects CAO share holdings

BANK OF AMERICA CORP (BAC) filed an amended Form 3 for Chief Accounting Officer Okpara Johnbull to correct his reported holdings of Preferred Stock, Series DD.

Rhea-AI Filing Summary

BANK OF AMERICA CORP (BAC) filed an amended Form 3 for Chief Accounting Officer Okpara Johnbull to correct his reported holdings of Preferred Stock, Series DD. The amendment states that he beneficially owns 50 depositary shares, not 50,000 as previously reported.

The footnote explains that the 50,000 figure was inadvertently reported on the original Form 3 and then repeated on three subsequent Forms 4 filed on his behalf. The amendment updates the ownership record without reporting any new transaction.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Okpara Johnbull

Role Chief Accounting Officer

Type	Security	Shares	Price	Value
holding	Preferred Stock, Series DD F1	--	--	--

Holdings After Transaction: Preferred Stock, Series DD — 50 shares (Direct)

Footnotes (1)

1. F1. The number of shares reported on the reporting person's original Form 3 was inadvertently overreported as 50,000 depositary shares instead of 50.000 depositary shares. The additional depositary shares were also reported on three Forms 4 filed on the reporting person's behalf after the original Form 3 was filed.

Key Figures

Corrected beneficial ownership: 50 depositary shares of Preferred Stock, Series DD Previously reported beneficial ownership: 50,000 depositary shares of Preferred Stock, Series DD

2 metrics

Corrected beneficial ownership 50 depositary shares of Preferred Stock, Series DD Shares reported as beneficially owned by Okpara Johnbull following the amendment

Previously reported beneficial ownership 50,000 depositary shares of Preferred Stock, Series DD Amount described in the footnote as inadvertently overreported on the original Form 3 and three subsequent Forms 4

Key Terms

depositary shares, Preferred Stock, Series DD, Form 3

3 terms

depositary shares financial

"The number of shares reported on the reporting person's original Form 3 was inadvertently overreported as 50,000 depositary shares instead of 50.000 depositary shares."

Depositary shares are tradable certificates that represent a fractional piece of a larger security held by a third-party bank, like owning a slice of a single big pie instead of the whole pie. They let companies issue and investors buy smaller, more affordable portions of preferred stock or other instruments; holders usually receive proportional dividends and market pricing similar to ordinary shares, but may have limited voting rights and different liquidity or tax implications, which can affect income and resale value.

Preferred Stock, Series DD financial

"Security reported as Preferred Stock, Series DD held as 50 depositary shares."

Form 3 regulatory

"The number of shares reported on the reporting person's original Form 3 was inadvertently overreported as 50,000 depositary shares instead of 50.000 depositary shares."

Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.

FAQ

What does Bank of America (BAC) disclose in this amended Form 3?

The amendment states that Chief Accounting Officer Okpara Johnbull beneficially owns 50 depositary shares of Bank of America’s Preferred Stock, Series DD, correcting an earlier report that had overstated his holdings as 50,000 depositary shares.

How many Bank of America (BAC) preferred depositary shares does Okpara Johnbull actually hold?

He is reported to hold 50 depositary shares of Bank of America’s Preferred Stock, Series DD. A footnote explains that his original Form 3 incorrectly stated his holdings as 50,000 depositary shares, which this amendment corrects.

What error is being corrected for BAC’s Chief Accounting Officer in this filing?

A footnote explains that the original Form 3 inadvertently overreported Okpara Johnbull’s ownership as 50,000 depositary shares instead of 50. The same erroneous additional shares were also reported on three later Forms 4 filed on his behalf.

Does this amended Form 3 for BAC report any new insider transactions?

No. The filing lists a holding of 50 depositary shares of Preferred Stock, Series DD and explains that prior filings overstated this amount. It does not describe any new purchases, sales, or other transactions.

Which security of BAC is involved in Okpara Johnbull’s corrected holdings?

The corrected holding relates to Preferred Stock, Series DD, represented by depositary shares. The amendment clarifies that Okpara Johnbull beneficially owns 50 of these depositary shares, rather than the 50,000 previously reported.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/04/2026 - 06:10 PM Accepted by SEC EDGAR 09/04/2026 - 06:10 PM Learn about SEC filing dates

SEC Form 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Okpara Johnbull

(Last) (First) (Middle)

100 NORTH TRYON STREET

(Street)

CHARLOTTE NORTH CAROLINA 28255

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/01/2025

3. Issuer Name and Ticker or Trading Symbol
BANK OF AMERICA CORP /DE/ [ BAC ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)
03/07/2025

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

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

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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Preferred Stock, Series DD	50(1)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The number of shares reported on the reporting person's original Form 3 was inadvertently overreported as 50,000 depositary shares instead of 50.000 depositary shares. The additional depositary shares were also reported on three Forms 4 filed on the reporting person's behalf after the original Form 3 was filed.

	Johnbull Okpara / Michael P. Lapp POA	09/04/2026
	** 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 5 (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.
* Form 3: SEC 1473 (03-26)