Form 4: Amazon Director Jonathan Rubinstein Sells 12,133 Shares Under 10b5-1 Plan

Amazon director Jonathan Rubinstein sold 12,133 shares of common stock at $171 per share on February 9, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• Jonathan Rubinstein, a director at Amazon, sold 12,133 shares of Amazon common stock on February 9, 2024.
• The sale was executed at a price of $171 per share.
• This transaction was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on November 3, 2023.
• Following the transaction, Rubinstein directly owns 115,220 shares of Amazon stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing for an insider stock sale under a pre-arranged plan, which is neither positive nor negative for the company's outlook.

Industry Context

This is a routine filing for insider transactions and is common for corporate directors and officers. The use of a 10b5-1 plan indicates a pre-planned sale, which is a common practice to avoid accusations of insider trading.

Comparison to Industry Standards

• Sales by insiders are common and are often pre-planned using 10b5-1 plans to avoid any appearance of trading on non-public information.
• Other directors and officers at large public companies like Apple (AAPL), Microsoft (MSFT), and Google (GOOGL) also regularly file Form 4s for similar transactions.
• The volume of shares sold is not unusual for a director's holdings in a company of Amazon's size.

Stakeholder Impact

• The sale is unlikely to have a significant impact on shareholders as it is a relatively small transaction by a single director and was pre-planned.

Key Dates

Keywords

insider trading, Form 4, stock sale, 10b5-1 plan, Jonathan Rubinstein, Amazon, AMZN, director