Form 4: Amazon Director Jonathan Rubinstein Sells 4,766 Shares Under 10b5-1 Plan

Amazon director Jonathan Rubinstein sold 4,766 shares of common stock at $209.85 per share on November 7, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• Jonathan Rubinstein, a director at Amazon, sold 4,766 shares of Amazon common stock on November 7, 2024.
• The sale was executed at a price of $209.85 per share.
• This transaction was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on May 15, 2024.
• Following the transaction, Rubinstein directly owns 94,630 shares of Amazon stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to an insider stock sale under a pre-arranged plan. 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 and directors to use 10b5-1 plans to manage their stock sales to avoid accusations of insider trading.

Comparison to Industry Standards

• The use of 10b5-1 trading plans is a common practice among corporate insiders at large public companies like Amazon, including peers such as Apple (AAPL), Microsoft (MSFT), and Google (GOOG).
• These plans allow insiders to sell shares at predetermined times and prices, mitigating the risk of insider trading allegations.
• The reported transaction is consistent with standard practices for directors managing their personal investments in company stock.

Stakeholder Impact

• The sale of shares by a director may have a minor impact on shareholder sentiment, but it is unlikely to significantly affect the stock price given the pre-arranged nature of the transaction.

Key Dates

Keywords

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