Nguyen Thong M, Vice Chair of Global Strategy & Enterprise Platforms at Bank of America (BAC), has demonstrated a consistent pattern of selling activity over multiple years, with no recorded purchases in SEC filings. Since 2025, Nguyen has executed 44 transactions exclusively involving BAC stock, all of which were sales totaling over $16.6 million. The transactions follow a recurring schedule, with notable sales occurring on February 15 and March 1 each year—likely tied to vesting events or predetermined trading plans. In February 2026 alone, Nguyen sold shares worth approximately $4.4 million across multiple filings, including a single transaction valued at $1.95 million on February 15. The largest recent sale occurred on March 1, 2026, with shares worth $2.75 million disposed.
The filings show no offsetting buying activity, suggesting Nguyen has systematically reduced their BAC holdings rather than accumulating additional shares. Transaction codes indicate these sales were primarily open-market dispositions (code "F") or dispositions to the issuer (code "D"), with no derivative transactions or option exercises involved. While the sales are substantial, their regularity and timing align with common executive compensation liquidation patterns rather than discretionary market-timed exits. Nguyen’s trading history remains confined to BAC, with no diversification into other securities evident in the filings. The absence of recent transactions beyond March 2026 leaves open whether this selling trend will continue in future reporting periods.
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