Jamie Dimon sold US$31.5 million of JPMorgan Chase shares, why?
NEW YORK – Jamie Dimon, Chief Executive Officer of JPMorgan Chase & Co., has sold shares of the largest investment bank in the United States (US) worth $31.5 million, according to a document filed with market regulators.
In the transaction on Monday (April 13, 2025), Dimon sold 133,639 shares of JPMorgan at an average price of $235.68 per share.
The sale is part of a 10b5-1(c) automatic trading plan, which was previously announced and filed in February 2024.
Despite this stock sale, a JPMorgan Chase spokesperson declined to comment on Dimon's divestment.
Although the transaction is valued in the tens of millions of dollars, the shares sold represent only a small portion of Dimon’s total holdings.
He still owns approximately 6.47 million shares of JPMorgan, with an estimated value exceeding $1.5 billion, based on Tuesday's (April 15, 2025) closing price of $233.92 per share. The majority of his holdings—about 3.7 million shares—are kept in a family trust.
In February, JPMorgan announced that Dimon planned to sell up to 1 million shares through the 10b5-1 program, which is set to continue until August 1, 2025.
This scheme allows automated stock sales based on predefined criteria, helping to avoid concerns related to insider trading.
Dimon's stock sale comes shortly after JPMorgan released its first-quarter earnings report, which exceeded analysts’ expectations last week.
Previously, Dimon warned that the trade war could have long-term negative consequences.
"The economy is facing significant turbulence," Dimon wrote in an annual letter to shareholders, as quoted by Reuters on Monday (April 7, 2025).
He made these remarks just days after meeting US Trade Secretary Howard Lutnick to discuss reciprocal tariffs alongside several other banking CEOs.
"We will most likely see inflationary effects. Whether this series of tariffs will cause a recession remains uncertain, but it will certainly slow down growth," Dimon stated. (DK/KR/LM)
