Bank of America Co-President Dean C. Athanasia sold 136,558 shares of the company’s MER-PK preferred stock on March 3, 2026, at $50.21 per share, for total proceeds of about $6.86 million. Because this was an open-market sale (a sale into the market rather than an internal company grant), it represents an active decision to reduce exposure at the prevailing price. The trade is notable given Athanasia’s senior role. As co-president, she sits close to the company’s operating and financial decision-making, so investors often pay attention to transactions by executives at that level. That said, insider selling can happen for many reasons, including diversification or tax and liquidity needs, and a single sale does not, by itself, establish a view on the business. This sale also fits within a broader pattern of recent selling in MER-PK. Over the last 30 days, multiple insiders reported sizable sales, including Thomas M. Scrivener ($2.49M on March 5), Sheri B. Bronstein ($2.99M on March 5), James P. DeMare ($4.19M on March 4), and Alastair M. Borthwick ($3.42M on Feb. 27). The cluster of sales follows non-open-market share acquisitions reported around March 1 that were likely stock compensation-related, which can be a common precursor to subsequent sales.