[144] Portland General Electric Company SEC Filing

Rhea-AI Filing Summary

JPMorgan Chase & Co. has filed Amendment No. 1 to Schedule 13G disclosing its passive ownership in UL Solutions Inc. (ticker: ULS) as of 30 June 2025.

• Shares held: 2,828,260 Class A shares.
• Ownership: 4.5 % of the class, keeping the position below the 5 % threshold that would require a Schedule 13D.
• Control rights: Sole voting power over 2,676,769 shares and sole dispositive power over 2,819,848 shares; no shared voting or dispositive authority.
• Filer classification: Parent holding company (HC) under Rule 13d-1(b); the stake is held in the ordinary course with no intent to influence corporate control.
• Involved subsidiaries: J.P. Morgan Securities LLC, JPMorgan Chase Bank N.A., J.P. Morgan Trust Co. of Delaware, among others.

The filing signals continued institutional support for ULS while confirming that JPMorgan’s position remains non-controlling and purely investment-oriented.

Positive

• Institutional backing: JPMorgan’s 2.83 M-share holding provides liquidity and signals continued interest from a major financial institution.

Negative

• Sub-5 % stake: With ownership at 4.5 %, JPMorgan lacks meaningful control, offering limited insight into strategic confidence.

Insights

Portfolio Manager

TL;DR: JPMorgan reports a 4.5 % passive stake in ULS; modest, non-activist holding—neutral market impact.

Because the position sits below the 5 % level, this amendment mainly fulfills regulatory disclosure duties and does not suggest material strategic intent. Sole voting and dispositive powers show JPMorgan can freely trade the shares, but the absence of shared authority or group status limits governance influence. For investors, the filing confirms a sizable yet non-controlling institutional backer, supporting liquidity without signaling directional conviction. Overall impact on valuation or control dynamics is minimal.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	6000	246942.50	109562368	07/31/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	02/01/2020	Restricted Stock Vesting	Issuer			742	02/01/2020	Compensation
Common	02/17/2021	Restricted Stock Vesting	Issuer			1028	02/17/2021	Compensation
Common	07/30/2021	Restricted Stock Vesting	Issuer			79	07/30/2021	Compensation
Common	02/11/2022	Restricted Stock Vesting	Issuer			3606	02/11/2022	Compensation
Common	02/13/2022	Restricted Stock Vesting	Issuer			545	02/13/2022	Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

How many UL Solutions (ULS) shares does JPMorgan own?

JPMorgan beneficially owns 2,828,260 Class A shares.

What percentage of UL Solutions’ outstanding shares is held by JPMorgan?

The filing reports an ownership of 4.5 % of the Class A common stock.

Does JPMorgan intend to influence control of UL Solutions?

No. The certification states the shares are held in the ordinary course with no intent to influence control.

When was the ownership position effective?

The ownership data is as of 30 June 2025, with the filing dated 31 July 2025.

What voting power does JPMorgan have over its ULS shares?

It holds sole voting power over 2,676,769 shares and sole dispositive power over 2,819,848 shares.