Form 4: Amazon CEO Worldwide Stores, Douglas Herrington, Sells 3,500 Shares Under 10b5-1 Plan

Douglas Herrington, CEO of Worldwide Amazon Stores, sold 3,500 shares of Amazon stock at $210 per share on December 2, 2024, as part of a pre-arranged trading plan.

Summary

• Douglas Herrington, CEO of Worldwide Amazon Stores, executed a sale of 3,500 shares of Amazon common stock on December 2, 2024.
• The sale was conducted at a price of $210 per share.
• This transaction was part of a pre-established Rule 10b5-1 trading plan adopted on November 6, 2023.
• Following the transaction, Herrington directly owns 524,567 shares of Amazon stock.
• He also indirectly owns 6,581.715 shares through an Amazon.com 401(k) plan account.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to a pre-planned stock sale by an executive. It does not indicate any positive or negative sentiment about the company's performance.

Industry Context

This is a routine filing related to insider trading activity. It is common for executives to use 10b5-1 plans to manage their stock sales and avoid accusations of insider trading.

Comparison to Industry Standards

• The use of 10b5-1 trading plans is a standard practice among executives at publicly traded companies, including Amazon's competitors such as Walmart (WMT) and Target (TGT).
• These plans allow executives to sell shares at predetermined times and prices, mitigating the risk of insider trading allegations.
• The volume of shares sold by Herrington is relatively small compared to the total outstanding shares of Amazon, and is not unusual for executives managing their personal finances.

Stakeholder Impact

• The sale of shares by an executive may have a minor impact on shareholder sentiment, but is unlikely to significantly affect the stock price due to the pre-planned nature of the transaction.

Key Dates

Keywords

Amazon, AMZN, Douglas Herrington, stock sale, insider trading, Rule 10b5-1, CEO, Worldwide Amazon Stores