Dimon and his wife intend to sell one million of their 8.6 million shares under the terms of an approved stock trading plan. The bank announced this in a filing to the regulatory authorities on Friday.

JPMorgan shares fell 0.6% in the morning but recovered to end the day 0.2% lower.

Dimon continues to “believe that the company’s future prospects are very good,” Dimon said.

JPMorgan said that he also has unvested stock appreciation rights and performance share units.

Dimon was at the head of the largest U.S. Bank for almost 18 years and guided it through the financial crisis in 2008. He orchestrated the rescue of First Republic Bank earlier this year after it failed in May due to an industry turmoil that caused deposits to spiral out of control.

Reporting and editing by Shilpa Majumdar, Shinjini Ganguli, and Niket Nishant.

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