Bank of America BAC officer reports RSU exercise and tax share sale

Rhea-AI Filing Summary

Bank of America Corporation (BAC) reported an insider equity transaction by an officer. On 11/15/2025, the President of Merrill Wealth Management exercised 975 restricted stock units into common stock and then disposed of 471 common shares to Bank of America to cover tax withholding at a price of $52.61 per share. After these transactions, the reporting person directly beneficially owned 39,621 shares of Bank of America common stock and 975 restricted stock units. Each restricted stock unit represents a contingent right to receive one share of common stock, and the units were originally granted on February 15, 2022, vesting in sixteen equal quarterly installments starting May 15, 2022.

Insider Trade Summary

Net Buyer: 504 shares

Net Buy 3 txns

Insider Hans Lindsay D.

Role Pres, Merrill Wealth Mgmt

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	975	$0.00	$0.00
Exercise	Common Stock	975	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	471	$52.61	$25K

Holdings After Transaction: Restricted Stock Units — 975 shares (Direct); Common Stock — 39,621 shares (Direct)

Footnotes (3)

1. F1. Each unit represents a contingent right to receive one share of Bank of America Corporation common stock.
2. F2. Disposition of shares to the issuer to satisfy a tax withholding obligation.
3. F3. On February 15, 2022, the reporting person was granted units, vesting in sixteen equal quarterly installments commencing May 15, 2022.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 11/18/2025 - 04:31 PM Learn about SEC filing dates

FAQ

What insider transaction did BAC report on this Form 4?

The Form 4 reports that an officer of Bank of America (BAC) exercised 975 restricted stock units into common stock on 11/15/2025 and disposed of 471 common shares to the issuer to satisfy tax withholding.

Who is the reporting person in this BAC Form 4 filing and what is their role?

The reporting person is an officer of Bank of America Corporation serving as President, Merrill Wealth Management. The filing is made by one reporting person.

How many BAC shares does the officer own after the reported transactions?

Following the reported transactions, the officer directly beneficially owned 39,621 shares of Bank of America common stock and 975 restricted stock units.

What was the purpose of the 471 BAC shares disposed of in this filing?

The 471 shares of Bank of America common stock were disposed of back to the issuer to satisfy a tax withholding obligation related to the equity award.

At what price were the BAC shares used for tax withholding valued?

The 471 BAC shares disposed of to satisfy tax withholding were valued at a price of $52.61 per share.

What do the restricted stock units in this BAC Form 4 represent?

Each restricted stock unit represents a contingent right to receive one share of Bank of America Corporation common stock, subject to the vesting conditions of the award.

When were the BAC restricted stock units originally granted and how do they vest?

The restricted stock units were granted on February 15, 2022 and vest in sixteen equal quarterly installments commencing May 15, 2022.

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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Hans Lindsay D.

(Last) (First) (Middle)

100 NORTH TRYON STREET

(Street)

CHARLOTTE NC 28255

(City) (State) (Zip)

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

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Pres, Merrill Wealth Mgmt

3. Date of Earliest Transaction (Month/Day/Year)
11/15/2025

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	11/15/2025		M		975	A	(1)	40,092	D
Common Stock	11/15/2025		F		471(2)	D	$52.61	39,621	D

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
Restricted Stock Units	(1)	11/15/2025		M			975	(3)	02/15/2026	Common Stock	975	(1)	975	D

Explanation of Responses:

1. Each unit represents a contingent right to receive one share of Bank of America Corporation common stock.

2. Disposition of shares to the issuer to satisfy a tax withholding obligation.

3. On February 15, 2022, the reporting person was granted units, vesting in sixteen equal quarterly installments commencing May 15, 2022.

	Lindsay D. Hans / Michael P. Lapp POA	11/18/2025
	** 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.