Form 4: Amazon Director Jonathan Rubinstein Sells 5,556 Shares Under 10b5-1 Plan

Amazon director Jonathan Rubinstein sold 5,556 shares of common stock at $180 per share, according to a recent SEC filing.

Summary

• Jonathan Rubinstein, a director at Amazon, sold 5,556 shares of Amazon common stock on March 4, 2024.
• The sale was executed at a price of $180 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 109,664 shares of Amazon stock.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing regarding a pre-planned stock sale by a director. 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.

Comparison to Industry Standards

• Sales by insiders are a common occurrence in publicly traded companies like Amazon.
• The use of 10b5-1 plans is a standard practice to avoid accusations of insider trading.
• Comparable companies such as Apple, Microsoft, and Google also see similar filings from their directors and executives.

Stakeholder Impact

• The sale of shares by a director 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

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