What indirect BAC share holdings does Brian Moynihan report in this Form 4?

The Form 4 lists two indirect positions: 100,000 Bank of America common shares held by a trust and 3,613.619 shares in a 401(k) plan. These are reported as indirect ownership interests separate from his directly held 2,699,612 common shares.

Bank of America (BAC) CEO Moynihan exercises cash-settled units and returns shares to issuer

Filing Impact

(Very High)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Bank of America Chair and CEO Brian T. Moynihan reported compensation-related movements in Bank of America common stock. On May 15, 2026, he exercised 18,083 cash-settled restricted stock units, each economically equivalent to one share of common stock, and an equal number of common shares were disposed to the issuer at $49.77 per share. After these transactions, he directly owned 2,699,612 shares of common stock. He also held indirect interests in 100,000 shares through a trust and 3,613.619 shares through a 401(k) plan.

Insider Trade Summary

18,083 shares exercised/converted

Mixed 5 txns

Insider MOYNIHAN BRIAN T

Role Chair and CEO

Type	Security	Shares	Price	Value
Exercise	2026 Cash Settled Restricted Stock Units	18,083	$0.00	--
Exercise	Common Stock	18,083	$0.00	--
Disposition	Common Stock	18,083	$49.77	$900K
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: 2026 Cash Settled Restricted Stock Units — 162,746 shares (Direct, null); Common Stock — 2,717,695 shares (Direct, null); Common Stock — 3,613.619 shares (Indirect, 401(k) Plan)

Footnotes (1)

Each unit is the economic equivalent of one share of Bank of America Corporation common stock. On February 13, 2026, the reporting person was granted units, vesting and payable solely in cash as follows: 1/12th of the stock units vest and become payable on the 15th day of each month during the 12-month period beginning in March 2026 and ending in February 2027.

Key Figures

Issuer disposition: 18,083 shares at $49.77 RSUs exercised: 18,083 units Direct holdings: 2,699,612 shares +3 more

6 metrics

Issuer disposition 18,083 shares at $49.77 Common Stock disposition to issuer on May 15, 2026

RSUs exercised 18,083 units 2026 Cash Settled Restricted Stock Units exercised May 15, 2026

Direct holdings 2,699,612 shares Common Stock directly owned after transactions

Trust holdings 100,000 shares Common Stock held indirectly by trust

401(k) holdings 3,613.619 shares Common Stock held indirectly in 401(k) plan

Remaining RSUs 162,746 units 2026 Cash Settled Restricted Stock Units after exercise

Key Terms

Disposition to issuer, Cash Settled Restricted Stock Units, economic equivalent, 401(k) Plan, +1 more

5 terms

Disposition to issuer financial

"transaction_code_description: Disposition to issuer"

Cash Settled Restricted Stock Units financial

"security_title: 2026 Cash Settled Restricted Stock Units"

Cash-settled restricted stock units are employee compensation promises that mirror the value of company shares but pay out in cash instead of delivering actual stock once the units vest. Think of them as a future paycheck tied to the company’s share price that is paid after time or performance conditions are met. Investors watch them because they create future cash obligations for the company and avoid share dilution, both of which can affect earnings, cash flow and per-share metrics.

economic equivalent financial

"Each unit is the economic equivalent of one share of Bank of America Corporation common stock."

401(k) Plan financial

"nature_of_ownership: 401(k) Plan"

A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.

vesting and payable solely in cash financial

"the reporting person was granted units, vesting and payable solely in cash"

Form 4 Insider Transactions: What Each Field Means →

05/19/2026 - 04:07 PM

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^*

MOYNIHAN BRIAN T

(Last)

(First)

(Middle)

100 NORTH TRYON STREET

(Street)

CHARLOTTE

NORTH CAROLINA

28255

(City)

(State)

(Zip)

UNITED STATES

(Country)

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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/15/2026

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/15/2026		M		18,083	A	⁽¹⁾	2,717,695	D
Common Stock	05/15/2026		D		18,083	D	$49.77	2,699,612	D
Common Stock								3,613.619	I	401(k) Plan
Common Stock								100,000	I	By 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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
2026 Cash Settled Restricted Stock Units	⁽¹⁾	05/15/2026		M			18,083	⁽²⁾	02/15/2027	Common Stock	18,083	⁽¹⁾	162,746	D

Explanation of Responses:

1. Each unit is the economic equivalent of one share of Bank of America Corporation common stock.

2. On February 13, 2026, the reporting person was granted units, vesting and payable solely in cash as follows: 1/12th of the stock units vest and become payable on the 15th day of each month during the 12-month period beginning in March 2026 and ending in February 2027.

	Brian T. Moynihan / Michael P. Lapp POA	05/19/2026
	** 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 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did BAC CEO Brian Moynihan report in this Form 4 filing?

Brian Moynihan reported compensation-related stock movements, including exercising 18,083 cash-settled restricted stock units and returning 18,083 common shares to Bank of America at $49.77 per share. These transactions reflect administrative adjustments rather than an open-market stock purchase or sale.

How many Bank of America (BAC) shares does Brian Moynihan hold after this filing?

After the reported transactions, Brian Moynihan directly holds 2,699,612 Bank of America common shares. He also has indirect interests in 100,000 shares through a trust and 3,613.619 shares in a 401(k) plan, as disclosed in the Form 4 ownership tables.

What is the size and price of the issuer disposition in Brian Moynihan’s BAC Form 4?

The filing shows a disposition to the issuer of 18,083 Bank of America common shares at a price of $49.77 per share. This disposition matched the number of shares received from exercising cash-settled restricted stock units on the same date.

What are the 2026 Cash Settled Restricted Stock Units mentioned for BAC?

The 2026 Cash Settled Restricted Stock Units are awards economically equivalent to one share of Bank of America common stock each. According to the footnotes, they vest and are payable solely in cash monthly over a 12‑month period beginning March 2026 and ending February 2027.

How many cash-settled restricted stock units did Brian Moynihan exercise in this BAC filing?

Brian Moynihan exercised 18,083 2026 Cash Settled Restricted Stock Units, each economically equivalent to one Bank of America common share. This exercise was recorded with a conversion or exercise price of $0.00 per unit, consistent with equity-based compensation awards.