JPM Co-CEO Petno sells 5,659 shares
JPMorgan Chase & Co. Co-CEO of CIB Douglas B. Petno reported several common stock transactions.
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Form Type
4
Rhea-AI Filing Summary
JPMorgan Chase & Co. Co-CEO of CIB Douglas B. Petno reported several common stock transactions. He sold 5,659 shares in an open-market trade at $300.05 per share, and after this sale he directly holds 224,619 shares of JPM stock.
He also reported two bona fide gifts totaling 270,054 shares, split between direct ownership and shares held by his spouse, as well as indirect holdings through a Grantor Retained Annuity Trust and family trusts.
Insider Trade Summary 10b5-1
Net Seller: 5,659 shares
Net Sell
5 txns
Insider
Petno Douglas B
Role
Co-CEO CIB
Sold
5,659 shs ($1.70M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 5,659 | $300.05 | $1.70M |
| Gift | Common Stock | 135,027 | $0.00 | $0.00 |
| Gift | Common Stock | 135,027 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 224,619 shares (Direct);
Common Stock — 135,027 shares (Indirect, By Spouse);
Common Stock — 70,457 shares (Indirect, By Family Trusts);
Common Stock — 16,502 shares (Indirect, By GRAT)
Footnotes (1)
- F1. Balance reflects 16,502 shares transferred from the Grantor to a Grantor Retained Annuity Trust ("GRAT") on May 14, 2026. This transaction is exempt from Section 16(b) pursuant to Rule 16a-13.
Key Figures
Open-market sale: 5,659 shares
Sale price: $300.05 per share
Direct holdings after sale: 224,619 shares
+4 more
7 metrics
Open-market sale
5,659 shares
Common Stock sold at $300.05 per share
Sale price
$300.05 per share
Price for 5,659 JPM shares sold
Direct holdings after sale
224,619 shares
Direct JPM ownership following open-market sale
Total gifted shares
270,054 shares
Two bona fide gifts of 135,027 shares each
Spouse-held shares
135,027 shares
Indirect JPM ownership reported as held by spouse
Family trust holdings
70,457 shares
Indirect JPM ownership by family trusts
GRAT holdings
16,502 shares
Shares transferred to a Grantor Retained Annuity Trust
Key Terms
Grantor Retained Annuity Trust ("GRAT"), Section 16(b), Rule 16a-13, bona fide gift
4 terms
Grantor Retained Annuity Trust ("GRAT") financial
"Balance reflects 16,502 shares transferred from the Grantor to a Grantor Retained Annuity Trust ("GRAT") on May 14, 2026."
Section 16(b) regulatory
"This transaction is exempt from Section 16(b) pursuant to Rule 16a-13."
A federal rule that requires company insiders—like officers, directors and large shareholders—to return any profits made from buying and selling the company’s stock within a six-month window. It matters to investors because it discourages short-term trades that could exploit non-public information and helps protect outside shareholders by creating a simple, enforceable way to recover unfair gains, much like a rule stopping someone from flipping a limited-edition item for quick profit after getting early access.
Rule 16a-13 regulatory
"This transaction is exempt from Section 16(b) pursuant to Rule 16a-13."
bona fide gift financial
"transaction_code_description: "Bona fide gift""
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did JPM Co-CEO Douglas Petno report in this Form 4?
Douglas Petno reported one sale and two gifts of JPM common stock. The filing shows an open-market sale of 5,659 shares and two bona fide gifts totaling 270,054 shares, along with updated direct and indirect ownership positions.
What gift transactions involving JPM stock did Douglas Petno disclose?
Petno disclosed two bona fide gifts totaling 270,054 JPM shares. One gift of 135,027 shares is reported as held indirectly by his spouse, and another 135,027-share gift affects his direct ownership balance, both recorded at a price of $0.00 per share.
What is the GRAT mentioned in Douglas Petno's JPM Form 4 filing?
The filing notes 16,502 JPM shares transferred to a Grantor Retained Annuity Trust. The footnote explains this balance reflects shares moved to a GRAT on May 14, 2026, in a transaction exempt from Section 16(b) under Rule 16a-13.
How does this Form 4 affect Douglas Petno’s overall JPM ownership picture?
The filing updates both Petno’s direct and indirect JPM holdings. It records an open-market sale of 5,659 shares, substantial gifts totaling 270,054 shares, and continuing interests through a GRAT, family trusts, and spouse-held shares, indicating a diversified ownership structure.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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