Insider Stacey Friedman exercises RSUs at JPMorgan Chase (NYSE: JPM)

Rhea-AI Filing Summary

JPMorgan Chase & Co. General Counsel Stacey Friedman reported multiple equity transactions on January 13, 2026. Two blocks of Restricted Stock Units (RSUs) covering 15,227 and 14,215 units were converted into the same number of JPMorgan common shares at an exercise price of $0.0000 per unit.

On the same date, 15,826 common shares were disposed of at a price of $318.715 per share, leaving 50,136 common shares held directly. Additional indirect holdings total 68,757 common shares held by a GRAT and 13,604 common shares held by a trust. The RSUs referenced vest in two equal installments on January 13, 2025 and January 13, 2026 for one grant, and on January 13, 2026 and January 13, 2027 for the other.

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).

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)
01/13/2026

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	01/13/2026		M		15,227	A	$0(1)	51,747	D
Common Stock	01/13/2026		M		14,215	A	$0(1)	65,962	D
Common Stock	01/13/2026		F		15,826	D	$318.715	50,136	D
Common Stock								68,757	I	By GRAT
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
Restricted Stock Units	(1)	01/13/2026		M			15,227	(2)	01/13/2026	Common Stock	15,227	$0.0000	0.0000	D
Restricted Stock Units	(1)	01/13/2026		M			14,215	(3)	01/13/2027	Common Stock	14,215	$0.0000	14,216	D

Explanation of Responses:

1. Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of JPMC common stock.

2. RSUs vest 50% on January 13, 2025 and 50% on January 13, 2026.

3. RSUs vest 50% on January 13, 2026 and 50% on January 13, 2027.

	/s/ Holly Youngwood under POA	01/15/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider activity did JPM (JPMorgan Chase & Co.) report for Stacey Friedman?

The filing shows that General Counsel Stacey Friedman converted 15,227 and 14,215 Restricted Stock Units (RSUs) into the same number of JPMorgan common shares on January 13, 2026, and disposed of 15,826 common shares at $318.715 per share.

How many JPMorgan common shares does Stacey Friedman hold after these transactions?

After the reported transactions, Stacey Friedman directly holds 50,136 JPMorgan common shares. She also has indirect beneficial ownership of 68,757 shares held by a GRAT and 13,604 shares held by a trust.

What happened to Stacey Friedmans Restricted Stock Units in this JPM Form 4?

Two RSU grants were involved. 15,227 RSUs and 14,215 RSUs were each converted into an equal number of JPMorgan common shares at an exercise price of $0.0000 per unit, reflected as transaction code M.

At what price were JPMorgan shares disposed of in this insider transaction?

The Form 4 reports a disposition 15,826 JPMorgan common shares at a price of $318.715 per share on January 13, 2026.

What is the vesting schedule for the JPM RSUs held by Stacey Friedman?

One RSU grant vests 50% on January 13, 2025 and 50% on January 13, 2026. The other vests 50% on January 13, 2026 and 50% on January 13, 2027, with each RSU representing one share of JPMorgan common stock.

What role does Stacey Friedman hold at JPMorgan Chase & Co. in this Form 4?

In this Form 4, Stacey Friedman is identified as an officer of JPMorgan Chase & Co., serving as General Counsel, and is not listed as a director or 10% owner.