Form 4: Amazon Director Jonathan Rubinstein Sells 4,549 Shares Under 10b5-1 Trading Plan

Amazon director Jonathan Rubinstein sold 4,549 shares of common stock at $219.85 per share on December 4, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• Jonathan Rubinstein, a director at Amazon, sold 4,549 shares of Amazon common stock on December 4, 2024.
• The sale was executed at a price of $219.85 per share.
• This transaction was conducted under a pre-established Rule 10b5-1 trading plan adopted on May 15, 2024.
• Following the transaction, Rubinstein directly owns 92,554 shares of Amazon stock.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing for an insider stock sale under a pre-arranged plan, which is neither positive nor negative.

Industry Context

This is a routine filing for insider transactions and is common for corporate directors who often use 10b5-1 plans to manage their stock sales.

Comparison to Industry Standards

• The use of 10b5-1 trading plans is a common practice among corporate insiders at companies like Amazon, Microsoft, and Apple to avoid accusations of insider trading.
• These plans allow insiders to sell shares at predetermined times and prices, regardless of any non-public information they may possess.
• The volume of shares sold is relatively small compared to the total outstanding shares of Amazon, and is not unusual for a director's transactions.

Stakeholder Impact

• The impact on shareholders is likely minimal as the transaction is a small percentage of the total shares outstanding and was executed under a pre-arranged plan.

Key Dates

Keywords

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