Form 4: Amazon Director Jonathan Rubinstein Sells 5,004 Shares Under 10b5-1 Plan

Amazon director Jonathan Rubinstein sold 5,004 shares of common stock at $199.85 per share on November 1, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• Jonathan Rubinstein, a director at Amazon, sold 5,004 shares of Amazon common stock on November 1, 2024.
• The sale was executed at a price of $199.85 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 99,396 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.

Risks

• Sales by insiders can sometimes be perceived negatively by the market, although this sale was pre-planned.

Industry Context

Insider trading activity is a common occurrence in publicly traded companies, and these transactions are closely monitored by regulators and investors. Rule 10b5-1 plans are often used by insiders to avoid accusations of trading on non-public information.

Comparison to Industry Standards

• Sales by insiders are a normal part of the market, and the use of 10b5-1 plans is a common practice among executives and directors at large public companies like Amazon.
• Comparable companies such as Apple, Microsoft, and Google also see regular insider transactions, often under similar pre-arranged plans.

Stakeholder Impact

• The impact on shareholders is likely to be minimal, as the sale was pre-planned and represents a small portion of the total shares outstanding.

Key Dates

Keywords

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