[FWP] Bank of America Corporation Free Writing Prospectus
Form 4 filing – NewMarket Corporation (NEU)
On July 1, 2025, non-employee director Mark M. Gambill received an annual equity grant of 144 shares of NewMarket common stock under the company’s 2023 Incentive Compensation and Stock Plan. The transaction is coded “A” (acquisition) and carries a stated price of $0, indicating a routine, company-awarded stock grant rather than an open-market purchase.
Following this grant, Gambill’s direct beneficial ownership increased to 3,992 shares. The filing reports no derivative security activity and no dispositions. The director remains classified as an insider (director) for Section 16 purposes, and the form was filed individually, not jointly.
Because the grant size is modest relative to NewMarket’s average daily trading volume and market capitalization, the transaction is considered routine and immaterial to the company’s overall float and insider ownership profile. No implications for earnings, guidance, or strategic direction are disclosed.
Deposito Modulo 4 – NewMarket Corporation (NEU)
Il 1° luglio 2025, il direttore non dipendente Mark M. Gambill ha ricevuto una concessione annuale di 144 azioni ordinarie di NewMarket nell'ambito del Piano di Incentivi e Azioni 2023 della società. L'operazione è contrassegnata con il codice “A” (acquisizione) e presenta un prezzo dichiarato di 0$, segnalando una normale assegnazione di azioni da parte dell'azienda piuttosto che un acquisto sul mercato aperto.
Dopo questa assegnazione, la proprietà diretta effettiva di Gambill è aumentata a 3.992 azioni. Nel deposito non sono riportate attività relative a titoli derivati né cessioni. Il direttore continua a essere classificato come insider (direttore) ai fini della Sezione 16, e il modulo è stato presentato individualmente, non congiuntamente.
Poiché la dimensione della concessione è modesta rispetto al volume medio giornaliero di scambi e alla capitalizzazione di mercato di NewMarket, l’operazione è considerata ordinaria e non rilevante per il flottante complessivo e il profilo di proprietà degli insider della società. Non sono state divulgate implicazioni su utili, previsioni o direzione strategica.
Presentación del Formulario 4 – NewMarket Corporation (NEU)
El 1 de julio de 2025, el director externo Mark M. Gambill recibió una concesión anual de 144 acciones ordinarias de NewMarket bajo el Plan de Compensación e Incentivos en Acciones 2023 de la empresa. La transacción está codificada como “A” (adquisición) y tiene un precio declarado de $0, lo que indica una concesión rutinaria de acciones otorgada por la empresa en lugar de una compra en el mercado abierto.
Tras esta concesión, la propiedad directa beneficiaria de Gambill aumentó a 3,992 acciones. La presentación no reporta actividad con valores derivados ni disposiciones. El director sigue clasificado como insider (director) para efectos de la Sección 16, y el formulario fue presentado de manera individual, no conjunta.
Dado que el tamaño de la concesión es modesto en relación con el volumen promedio diario de negociación y la capitalización de mercado de NewMarket, la transacción se considera rutinaria e insignificante para el flotante general y el perfil de propiedad de los insiders de la empresa. No se revelan implicaciones para ganancias, pronósticos o dirección estratégica.
Form 4 제출 – 뉴마켓 코퍼레이션 (NEU)
2025년 7월 1일, 비임원 이사인 마크 M. 갬빌은 회사의 2023년 인센티브 보상 및 주식 계획에 따라 뉴마켓 보통주 144주 연간 주식 부여를 받았습니다. 이 거래는 “A”(취득)로 분류되며 명시된 가격은 0달러로, 이는 공개 시장 구매가 아닌 회사에서 정기적으로 부여하는 주식임을 나타냅니다.
이번 부여 후 갬빌의 직접 실질 소유 주식 수는 3,992주로 증가했습니다. 제출서류에는 파생 증권 활동이나 처분 내역이 보고되지 않았습니다. 이사는 섹션 16 기준으로 내부자(이사)로 분류되며, 서류는 공동이 아닌 개인 명의로 제출되었습니다.
부여 규모가 뉴마켓의 일일 평균 거래량 및 시가총액에 비해 적당하여, 이번 거래는 회사의 전체 유통 주식 수와 내부자 소유 비율에 대해 일상적이고 중요하지 않은 것으로 간주됩니다. 수익, 전망 또는 전략적 방향에 대한 영향은 공개되지 않았습니다.
Dépôt du formulaire 4 – NewMarket Corporation (NEU)
Le 1er juillet 2025, l’administrateur non salarié Mark M. Gambill a reçu une attribution annuelle de 144 actions ordinaires de NewMarket dans le cadre du Plan de rémunération incitative et d’actions 2023 de la société. La transaction est codée « A » (acquisition) et porte un prix indiqué de 0 $, ce qui indique une attribution d’actions de routine accordée par la société plutôt qu’un achat sur le marché libre.
Suite à cette attribution, la possession directe effective de Gambill est passée à 3 992 actions. Le dépôt ne signale aucune activité liée à des titres dérivés ni de cessions. L’administrateur reste classé comme initié (administrateur) aux fins de la Section 16, et le formulaire a été déposé individuellement, non conjointement.
Étant donné que la taille de l’attribution est modeste par rapport au volume moyen quotidien des échanges et à la capitalisation boursière de NewMarket, la transaction est considérée comme routinière et sans importance pour le flottant global et le profil de propriété des initiés de la société. Aucune incidence sur les résultats, les prévisions ou la direction stratégique n’est divulguée.
Formular 4 Einreichung – NewMarket Corporation (NEU)
Am 1. Juli 2025 erhielt der nicht geschäftsführende Direktor Mark M. Gambill eine jährliche Aktienzuteilung von 144 NewMarket-Stammaktien im Rahmen des Incentive- und Aktienplans 2023 des Unternehmens. Die Transaktion ist mit „A“ (Erwerb) codiert und hat einen angegebenen Preis von 0 $, was auf eine routinemäßige, vom Unternehmen gewährte Aktienzuteilung und keinen Kauf am offenen Markt hinweist.
Nach dieser Zuteilung erhöhte sich Gambills direkter wirtschaftlicher Eigentumsanteil auf 3.992 Aktien. Im Bericht werden keine Aktivitäten mit derivativen Wertpapieren oder Veräußerungen angegeben. Der Direktor bleibt für Zwecke von Abschnitt 16 als Insider (Direktor) klassifiziert, und das Formular wurde individuell, nicht gemeinsam, eingereicht.
Da die Zuteilung im Vergleich zum durchschnittlichen täglichen Handelsvolumen und der Marktkapitalisierung von NewMarket eher gering ist, wird die Transaktion als routine und unerheblich für den Gesamtstreubesitz und das Insider-Eigentumsprofil des Unternehmens betrachtet. Es wurden keine Auswirkungen auf Gewinn, Prognosen oder strategische Ausrichtung offengelegt.
- None.
- None.
Insights
TL;DR: Routine director stock grant; minimal governance or market impact.
The filing documents a standard annual equity award to a non-employee director, aligning board compensation with shareholder interests. With only 144 shares added, Gambill now owns 3,992 shares—insignificant versus NewMarket’s ~10 million share float. There is no change to board composition, voting power, or control dynamics. Governance best practices favor such equity-based compensation, so this transaction is neutral to marginally positive from an alignment perspective but not financially material.
TL;DR: Insignificant insider acquisition; unlikely to affect NEU valuation.
The $0-cost grant of 144 shares has no economic signal—it is compensation, not an opportunistic buy. Insider ownership percentage barely moves, and there is no informational content regarding future performance. Trading liquidity and earnings outlook remain unchanged. I classify the impact as neutral for investors.
Deposito Modulo 4 – NewMarket Corporation (NEU)
Il 1° luglio 2025, il direttore non dipendente Mark M. Gambill ha ricevuto una concessione annuale di 144 azioni ordinarie di NewMarket nell'ambito del Piano di Incentivi e Azioni 2023 della società. L'operazione è contrassegnata con il codice “A” (acquisizione) e presenta un prezzo dichiarato di 0$, segnalando una normale assegnazione di azioni da parte dell'azienda piuttosto che un acquisto sul mercato aperto.
Dopo questa assegnazione, la proprietà diretta effettiva di Gambill è aumentata a 3.992 azioni. Nel deposito non sono riportate attività relative a titoli derivati né cessioni. Il direttore continua a essere classificato come insider (direttore) ai fini della Sezione 16, e il modulo è stato presentato individualmente, non congiuntamente.
Poiché la dimensione della concessione è modesta rispetto al volume medio giornaliero di scambi e alla capitalizzazione di mercato di NewMarket, l’operazione è considerata ordinaria e non rilevante per il flottante complessivo e il profilo di proprietà degli insider della società. Non sono state divulgate implicazioni su utili, previsioni o direzione strategica.
Presentación del Formulario 4 – NewMarket Corporation (NEU)
El 1 de julio de 2025, el director externo Mark M. Gambill recibió una concesión anual de 144 acciones ordinarias de NewMarket bajo el Plan de Compensación e Incentivos en Acciones 2023 de la empresa. La transacción está codificada como “A” (adquisición) y tiene un precio declarado de $0, lo que indica una concesión rutinaria de acciones otorgada por la empresa en lugar de una compra en el mercado abierto.
Tras esta concesión, la propiedad directa beneficiaria de Gambill aumentó a 3,992 acciones. La presentación no reporta actividad con valores derivados ni disposiciones. El director sigue clasificado como insider (director) para efectos de la Sección 16, y el formulario fue presentado de manera individual, no conjunta.
Dado que el tamaño de la concesión es modesto en relación con el volumen promedio diario de negociación y la capitalización de mercado de NewMarket, la transacción se considera rutinaria e insignificante para el flotante general y el perfil de propiedad de los insiders de la empresa. No se revelan implicaciones para ganancias, pronósticos o dirección estratégica.
Form 4 제출 – 뉴마켓 코퍼레이션 (NEU)
2025년 7월 1일, 비임원 이사인 마크 M. 갬빌은 회사의 2023년 인센티브 보상 및 주식 계획에 따라 뉴마켓 보통주 144주 연간 주식 부여를 받았습니다. 이 거래는 “A”(취득)로 분류되며 명시된 가격은 0달러로, 이는 공개 시장 구매가 아닌 회사에서 정기적으로 부여하는 주식임을 나타냅니다.
이번 부여 후 갬빌의 직접 실질 소유 주식 수는 3,992주로 증가했습니다. 제출서류에는 파생 증권 활동이나 처분 내역이 보고되지 않았습니다. 이사는 섹션 16 기준으로 내부자(이사)로 분류되며, 서류는 공동이 아닌 개인 명의로 제출되었습니다.
부여 규모가 뉴마켓의 일일 평균 거래량 및 시가총액에 비해 적당하여, 이번 거래는 회사의 전체 유통 주식 수와 내부자 소유 비율에 대해 일상적이고 중요하지 않은 것으로 간주됩니다. 수익, 전망 또는 전략적 방향에 대한 영향은 공개되지 않았습니다.
Dépôt du formulaire 4 – NewMarket Corporation (NEU)
Le 1er juillet 2025, l’administrateur non salarié Mark M. Gambill a reçu une attribution annuelle de 144 actions ordinaires de NewMarket dans le cadre du Plan de rémunération incitative et d’actions 2023 de la société. La transaction est codée « A » (acquisition) et porte un prix indiqué de 0 $, ce qui indique une attribution d’actions de routine accordée par la société plutôt qu’un achat sur le marché libre.
Suite à cette attribution, la possession directe effective de Gambill est passée à 3 992 actions. Le dépôt ne signale aucune activité liée à des titres dérivés ni de cessions. L’administrateur reste classé comme initié (administrateur) aux fins de la Section 16, et le formulaire a été déposé individuellement, non conjointement.
Étant donné que la taille de l’attribution est modeste par rapport au volume moyen quotidien des échanges et à la capitalisation boursière de NewMarket, la transaction est considérée comme routinière et sans importance pour le flottant global et le profil de propriété des initiés de la société. Aucune incidence sur les résultats, les prévisions ou la direction stratégique n’est divulguée.
Formular 4 Einreichung – NewMarket Corporation (NEU)
Am 1. Juli 2025 erhielt der nicht geschäftsführende Direktor Mark M. Gambill eine jährliche Aktienzuteilung von 144 NewMarket-Stammaktien im Rahmen des Incentive- und Aktienplans 2023 des Unternehmens. Die Transaktion ist mit „A“ (Erwerb) codiert und hat einen angegebenen Preis von 0 $, was auf eine routinemäßige, vom Unternehmen gewährte Aktienzuteilung und keinen Kauf am offenen Markt hinweist.
Nach dieser Zuteilung erhöhte sich Gambills direkter wirtschaftlicher Eigentumsanteil auf 3.992 Aktien. Im Bericht werden keine Aktivitäten mit derivativen Wertpapieren oder Veräußerungen angegeben. Der Direktor bleibt für Zwecke von Abschnitt 16 als Insider (Direktor) klassifiziert, und das Formular wurde individuell, nicht gemeinsam, eingereicht.
Da die Zuteilung im Vergleich zum durchschnittlichen täglichen Handelsvolumen und der Marktkapitalisierung von NewMarket eher gering ist, wird die Transaktion als routine und unerheblich für den Gesamtstreubesitz und das Insider-Eigentumsprofil des Unternehmens betrachtet. Es wurden keine Auswirkungen auf Gewinn, Prognosen oder strategische Ausrichtung offengelegt.
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MARKET-LINKED ONE LOOK NOTES with Enhanced Buffer
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Filed Pursuant to Rule 433
Registration No. 333-268718
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Market-Linked One Look Notes Linked to the Class A Common Stock of Palantir Technologies Inc.
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The graph above and the table below reflect the hypothetical return on the notes, based on the terms contained in the table to the left (using the mid-point for any range(s)). The graph and table have been prepared for purposes of illustration only and do not take into account any tax consequences from investing in the notes.
Hypothetical Percentage Change from the Starting Value to the Ending Value
Hypothetical Redemption Amount per Unit
Hypothetical Total Rate of Return on the Notes
-100.00%
$1.50
-85.00%
-50.00%
$6.50
-35.00%
-20.00%
$9.50
-5.00%
-15.00%(1)
$13.50(2)
35.00%
-6.00%
$13.50
35.00%
-3.00%
$13.50
35.00%
0.00%
$13.50
35.00%
10.00%
$13.50
35.00%
20.00%
$13.50
35.00%
35.00%
$13.50
35.00%
40.00%
$13.50
35.00%
50.00%
$13.50
35.00%
60.00%
$13.50
35.00%
100.00%
$13.50
35.00%
(1) This hypothetical percentage change corresponds to the Threshold Value.
(2) This amount represents the sum of the principal amount and the Step Up Payment of $3.50
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Issuer
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BofA Finance LLC (“BofA Finance”)
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Guarantor
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Bank of America Corporation (“BAC”)
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Principal Amount
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$10.00 per unit
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Term
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Approximately 14 months
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Market Measure
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The Class A common stock of Palantir Technologies Inc. (Nasdaq Global Select Market symbol: “PLTR”)
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Payout Profile at Maturity
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If the Ending Value of the Market Measure is greater than or equal to the Threshold Value, a return equal to the return represented by the Step Up Payment
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1-to-1 downside exposure to decreases in the Market Measure beyond a 15.00% decline, with up to 85% of your principal at risk
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Step Up Payment
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[$3.20 to $3.80] per unit, a [32.00% to 38.00%] return over the principal amount, to be determined on the pricing date
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Threshold Value
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85% of the Starting Value of the Market Measure
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Preliminary Offering Documents
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https://www.sec.gov/Archives/edgar/data/70858/000191870425010485/bofa-34251_424b2.htm
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Exchange Listing
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No
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You should read the relevant Preliminary Offering Documents before you invest. Click on the Preliminary Offering Documents hyperlink above or call your Financial Advisor for a hard copy.
Risk Factors
Please see the Preliminary Offering Documents for a description of certain risks related to this investment, including, but not limited to, the following:
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Depending on the performance of the Underlying Stock as measured shortly before the maturity date, your investment may result in a loss; there is no guaranteed return of principal.
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Payments on the notes are subject to the credit risk of BofA Finance and the credit risk of BAC, and actual or perceived changes in the creditworthiness of BofA Finance or BAC are expected to affect the value of the notes. If BofA Finance and BAC become insolvent or are unable to pay their respective obligations, you may lose your entire investment.
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The initial estimated value of the notes on the pricing date will be less than their public offering price.
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If you attempt to sell the notes prior to maturity, their market value may be lower than both the public offering price and the initial estimated value of the notes on the pricing date.
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Your investment return is limited to the return represented by the Step Up Payment and may be less than a comparable investment directly in the Underlying Stock.
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You will have no rights of a holder of the Underlying Stock, and you will not be entitled to receive shares or dividends or other distributions by the Underlying Company.
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The Underlying Company will have no obligations relating to the notes, and none of us, BAC, MLPF&S or BofAS will perform any due diligence procedures with respect to the Underlying Company in connection with this offering.
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While BAC and our other affiliates may from time to time own securities of the Underlying Company, we, BAC and our other affiliates do not control the Underlying Company, and have not verified any disclosure made by the Underlying Company or any other company.
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Payment on the notes will not be adjusted for all corporate events that could affect the Underlying Stock.
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PLTR commenced trading recently and has limited actual historical information.
Final terms will be set on the pricing date within the given range for the specified Market-Linked Investment. Please see the Preliminary Offering Documents for complete product disclosure, including related risks and tax disclosure.
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FAQ
How many NewMarket (NEU) shares did director Mark M. Gambill acquire?
What is Mark M. Gambill’s total beneficial ownership after the transaction?
Was the transaction an open-market purchase?
Does the Form 4 indicate any derivative securities activity?
Is this filing likely to affect NewMarket’s stock price?
