Trust tied to JPMorgan (NYSE: JPM) counsel sells 3,404 shares

Rhea-AI Filing Summary

JPMorgan Chase & Co. General Counsel Stacey Friedman reported an indirect sale of common stock through a grantor retained annuity trust (GRAT). On February 17, 2026, the GRAT sold 3,404 shares at $306.3999 per share in an open-market transaction.

Following this sale, the GRAT held 61,949 shares of JPMorgan Chase common stock indirectly for Friedman. Separately, she held 50,136 shares directly, and an additional 13,604 shares were held indirectly in a trust.

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

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

X

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^*

Friedman Stacey

(Last) (First) (Middle)

270 PARK AVENUE

(Street)

NEW YORK NY 10017-2014

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
JPMORGAN CHASE & CO [ JPM ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	General Counsel

3. Date of Earliest Transaction (Month/Day/Year)
02/17/2026

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	02/17/2026		S		3,404	D	$306.3999	61,949	I	By GRAT
Common Stock								50,136	D
Common Stock								13,604	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	/s/ Holly Youngwood under POA	02/17/2026
	** 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.

FAQ

What insider transaction did JPM (JPMorgan Chase) report for Stacey Friedman?

Stacey Friedman reported an indirect stock sale through a GRAT. On February 17, 2026, the GRAT associated with her sold JPMorgan Chase common stock, and the filing details remaining direct and indirect share holdings after the transaction.

How many JPM shares were sold and at what price in Stacey Friedman’s Form 4?

The GRAT sold 3,404 JPMorgan Chase shares at a price of $306.3999 per share. The transaction was coded as an open-market or private sale, reported as a non-derivative common stock transaction on February 17, 2026.

Was Stacey Friedman’s JPM stock sale direct or through an entity?

The reported JPM share sale was indirect, made by a grantor retained annuity trust (GRAT) associated with Stacey Friedman. The Form 4 classifies the ownership as indirect, with the nature of ownership described specifically as “By GRAT.”

How many JPM shares does Stacey Friedman hold after the reported transaction?

After the sale, the GRAT held 61,949 shares of JPM stock for her benefit. In addition, she held 50,136 shares directly and 13,604 shares indirectly through a trust, as reported in the beneficial ownership table.

What is Stacey Friedman’s role at JPMorgan Chase in this Form 4 filing?

Stacey Friedman is identified as an officer of JPMorgan Chase & Co., serving as General Counsel. The Form 4 confirms she is not a director or 10% owner, but reports insider transactions due to her executive position.

Did the JPM Form 4 for Stacey Friedman report any derivative securities?

No derivative securities are reported in this Form 4 excerpt. The filing’s detailed table covers only non-derivative JPMorgan Chase common stock transactions and holdings, with the derivative securities table showing no listed instruments or amounts.