Bhasin Aditya, Chief Technology & Information Officer at Bank of America (BAC), has demonstrated a clear selling bias in recent SEC Form 4 filings, with no recorded purchases across 29 transactions totaling $4.48 million in sales. The activity is concentrated entirely in BAC shares, with the most recent trades occurring on February 15, 2025, involving multiple dispositions (coded "F") ranging from $192,207 to $1.04 million. A similar pattern emerged in the prior year, with four sales on February 15, 2024, valued between $183,399 and $378,824. The transactions suggest a recurring annual disposition strategy, as both years' sales clusters occurred on the same mid-February date.
The filings indicate all sales were executed under Rule 10b5-1 trading plans (code "F"), implying prearranged dispositions rather than discretionary market timing. While the dollar values fluctuate—peaking at $1.04 million in 2025—the consistent absence of buy transactions and repeated use of planned trading mechanisms points to a structured approach to reducing BAC exposure. The zero-dollar "M"-coded transactions (likely representing option exercises or awards) and "A"-coded awards in both years further contextualize the sales as part of ongoing equity compensation management. No transactions in other securities were reported.
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