Form 4: Amazon CEO Worldwide Amazon Stores, Douglas Herrington, Reports Stock Sales
SEC Filing
Douglas Herrington, CEO Worldwide Amazon Stores, reports the sale of Amazon shares under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Douglas J. Herrington, CEO Worldwide Amazon Stores, reported the sale of Amazon (AMZN) shares on February 12, 2025.
- The transactions were executed under a pre-arranged Rule 10b5-1 trading plan adopted on November 7, 2024.
- A total of 27,499 shares were sold in multiple transactions at weighted average prices ranging from $228.38 to $230.96.
- Following the reported transactions, Herrington directly owns 497,067 shares of Amazon stock.
- Herrington also indirectly owns 6,582.996 shares through the Amazon.com 401(k) plan account.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reports routine stock sales under a pre-arranged plan. It doesn't indicate any positive or negative outlook for the company.
Industry Context
Insider selling is a common occurrence, and the use of a pre-arranged Rule 10b5-1 trading plan suggests the sales were planned and not based on any specific inside information.
Stakeholder Impact
- The stock sales may have a minor impact on shareholders, but the use of a Rule 10b5-1 plan suggests the transactions were planned and not based on any specific inside information.
Key Dates
| Date | Description |
|---|---|
| 11/07/2024 | Date of adoption of Rule 10b5-1 trading plan |
| 02/12/2025 | Date of stock sale transactions |
| 02/14/2025 | Date of Form 4 filing |
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