JPMorgan Chase (NYSE: JPM) exec sells 3,907 shares via GRAT

Rhea-AI Filing Summary

JPMorgan Chase executive Lake Marianne reported an open-market sale of 3,907 shares of common stock at $306.4137 per share. The transaction was executed on February 17, 2026 through Grantor Retained Annuity Trusts, which hold 137,299 shares indirectly after the sale.

Separately from these GRAT holdings, she is shown with 48,017 shares held directly and 64,271 shares held indirectly through a Family Trust. Footnote disclosures explain earlier February 2026 transfers among a GRAT, a Family Trust, and the Grantor that were treated as exempt under Rule 16a-13.

Insider Trade Summary

Net Seller: 3,907 shares ($1,197,158)

Net Sell 3 txns

Insider Lake Marianne

Role CEO CCB

Sold 3,907 shs ($1.20M)

Type	Security	Shares	Price	Value
Sale	Common Stock	3,907	$306.4137	$1.20M
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 137,299 shares (Indirect, By GRATs); Common Stock — 48,017 shares (Direct)

Footnotes (1)

1. [object Object]

Form 4 Insider Transactions: What Each Field Means →

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).

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^*

Lake Marianne

(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)
	CEO CCB

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		3,907	D	$306.4137	137,299(1)	I	By GRATs
Common Stock								48,017(1)	D
Common Stock								64,271(1)	I	By Family 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:

1. Balances reflect a) 10,847 shares transferred from a Grantor Retained Annuity Trust ("GRAT") to a Family Trust on February 9, 2026; b) 8,386 shares transferred from a GRAT to the Grantor on February 9, 2026; and c) 39,404 shares transferred from the Grantor for funding of a GRAT on February 10, 2026. These transactions are exempt from Section 16(b) pursuant to Rule 16a-13.

	/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 Lake Marianne report at JPM (JPM)?

Lake Marianne reported an open-market sale of JPMorgan Chase common stock. On February 17, 2026, she disclosed selling 3,907 shares at $306.4137 per share through Grantor Retained Annuity Trusts, as part of her indirect beneficial ownership structure in the company.

How many JPMorgan Chase (JPM) shares did Lake Marianne sell and at what price?

She sold 3,907 JPMorgan Chase common shares at $306.4137 each. The sale occurred on February 17, 2026 and was reported as an open-market or private transaction, executed through Grantor Retained Annuity Trusts associated with her indirect beneficial ownership.

How many JPMorgan Chase (JPM) shares does Lake Marianne own after the reported Form 4?

After the transaction, trusts associated with Lake Marianne held 137,299 shares indirectly. In addition, the filing shows 48,017 shares held directly and 64,271 shares held indirectly through a Family Trust, reflecting her aggregate reported beneficial ownership positions in JPMorgan Chase common stock.

What role do GRATs play in Lake Marianne’s JPM (JPM) share ownership?

Grantor Retained Annuity Trusts hold a significant indirect stake for Lake Marianne. Following the February 17, 2026 sale, these GRATs are reported as owning 137,299 JPMorgan Chase common shares, and they were also involved in earlier February share transfers described in the footnote.

What share transfers are described in the February 2026 footnote for JPM (JPM)?

The footnote details three internal share transfers in February 2026. It notes 10,847 shares moved from a GRAT to a Family Trust, 8,386 shares from a GRAT to the Grantor, and 39,404 shares from the Grantor to fund a GRAT, all treated as exempt under Rule 16a-13.

Is Lake Marianne a 10% owner of JPMorgan Chase (JPM) according to this filing?

The filing does not mark Lake Marianne as a 10% owner. It identifies her as an officer with the title "CEO CCB" and leaves the 10% owner box unchecked, while still reporting her direct and indirect beneficial holdings in JPMorgan Chase common stock.