Lake Marianne 4

What Happened Marianne Lake, CEO of Consumer & Community Banking at JPMorgan Chase & Co., sold 3,907 shares in an open-market transaction on February 17, 2026, at $306.41 per share, generating proceeds of $1,197,158. This was a sale (not a purchase or option exercise).

Key Details

• Transaction date and price: 2026-02-17 — open-market sale of 3,907 shares at $306.41 each; proceeds $1,197,158.
• Shares owned after transaction: Not specified in the supplied filing data.
• Footnote (F1): The filing notes related transfers around Feb 9–10, 2026: 10,847 shares moved from a GRAT to a Family Trust; 8,386 shares moved from a GRAT to the grantor; and 39,404 shares were transferred from the grantor to fund a GRAT. These trust transfers are exempt from Section 16(b) under Rule 16a-13.
• Timeliness: Filing and transaction dates provided are both Feb 17, 2026; no late-filing flag was indicated in the supplied data.

Context The sale was an open-market disposal. Transfers involving GRATs (Grantor Retained Annuity Trusts) and family trusts are commonly used for estate planning and are treated differently under Section 16 rules; such transfers are not direct market trades and are often exempt from short-swing profit rules. Sales by executives can be routine (e.g., for diversification, liquidity, or trust funding) and do not by themselves indicate management’s view of the company.