Knox Kathleen A., President of The Private Bank, has demonstrated a consistent pattern of selling Bank of America (BAC) shares over the past year, with no recorded purchases in the same period. According to SEC Form 4 filings, Knox executed 25 transactions totaling $5.69 million in sales, all involving BAC stock. The most recent activity occurred on March 1, 2025, with a single sale valued at $1.02 million, following a series of disposals on February 15, 2025, which included transactions ranging from $173,352 to $494,441. Earlier filings from 2024 show a similar trend, with sales on March 1 ($692,221) and multiple smaller transactions on February 15 ($185,749 to $253,548).
The filings indicate that Knox’s transactions are exclusively sales, with no offsetting buys, suggesting a deliberate reduction in BAC holdings. The absence of any "M" (market purchase) or "A" (award) codes with positive values reinforces this selling bias. While the reasons for the disposals are not disclosed, the pattern aligns with a broader trend of divestment rather than periodic rebalancing. The transactions, particularly the larger sales in early 2025, may reflect strategic portfolio adjustments, though the filings provide no explicit rationale. Knox’s activity remains confined to BAC, with no diversification into other securities evident in the reported data.
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