Form 4: Amazon CEO Andrew Jassy Sells 50,000 Shares and Donates 2,945 Shares
SEC Form 4 Filing
Amazon CEO Andrew Jassy sold 50,000 shares of Amazon stock at $168.65 per share and donated 2,945 shares to a non-profit organization.
Summary
- Andrew Jassy, the President and CEO of Amazon, executed a sale of 50,000 shares of Amazon common stock on February 16, 2024, at a price of $168.65 per share.
- On the same day, Mr. Jassy also donated 2,945 shares of Amazon stock to a non-profit organization.
- These transactions were conducted under a pre-arranged Rule 10b5-1 trading plan adopted on November 16, 2023.
- Following these transactions, Mr. Jassy directly owns 2,011,110 shares of Amazon stock.
- He also indirectly owns 65,500 shares in a trust and 9,883.752 shares through the Amazon.com 401(k) plan account.
Sentiment
Score: 5
Explanation: The document is a routine disclosure of stock transactions, which is neither positive nor negative in itself. It is a neutral event.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive and is common practice for publicly traded companies. It provides transparency into the trading activities of insiders.
Comparison to Industry Standards
- Executive stock sales and donations are common across publicly traded companies, especially those with significant equity-based compensation.
- The use of a Rule 10b5-1 trading plan is a standard practice to avoid accusations of insider trading, and is used by many executives at companies such as Apple, Microsoft and Google.
- The size of the transaction is not unusual for a CEO of a company the size of Amazon.
Stakeholder Impact
- The stock sale may have a minor impact on the stock price, but is unlikely to be significant given the size of the transaction relative to the overall market capitalization of Amazon.
- The donation of shares to a non-profit organization is a positive action for the community.
Key Dates
| Date | Description |
|---|---|
| 11/16/2023 | Date the Rule 10b5-1 trading plan was adopted by Andrew Jassy. |
| 02/16/2024 | Date of the stock sale and donation transactions. |
| 02/20/2024 | Date the Form 4 was signed. |
Keywords
Amazon, Andrew Jassy, stock sale, share donation, Rule 10b5-1, insider trading, executive compensation
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.