Form 4: Amazon Executive Douglas Herrington Sells 3,500 Shares Under 10b5-1 Trading Plan

Amazon's CEO of Worldwide Amazon Stores, Douglas Herrington, sold 3,500 shares of common stock at a price of $198.96 per share on November 1, 2024, under a pre-arranged trading plan.

Summary

• Douglas Herrington, CEO of Worldwide Amazon Stores, executed a sale of 3,500 shares of Amazon common stock on November 1, 2024.
• The sale was conducted at a price of $198.96 per share.
• This transaction was part of a pre-arranged Rule 10b5-1 trading plan adopted by Mr. Herrington on November 6, 2023.
• Following the transaction, Mr. Herrington directly owns 510,660 shares of Amazon common stock.
• He also indirectly owns 6,581.715 shares through the Amazon.com 401(k) plan account.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing for an executive stock sale under a pre-arranged plan, indicating a neutral sentiment.

Industry Context

This is a routine filing related to insider trading activity and is common for executives of publicly traded companies. The use of a 10b5-1 plan indicates the sale was pre-planned and not based on any non-public information.

Comparison to Industry Standards

• Executive stock sales are a common occurrence in publicly traded companies, especially among tech giants like Amazon.
• The use of a 10b5-1 trading plan is a standard practice to avoid accusations of insider trading, and is used by executives at companies such as Apple, Microsoft and Google.
• The volume of shares sold is relatively small compared to the total outstanding shares of Amazon, and is not unusual for an executive of this level.

Stakeholder Impact

• The stock sale is unlikely to have a significant impact on shareholders, as it is a small transaction by an individual executive under a pre-arranged plan.

Key Dates

Keywords

Amazon, AMZN, Douglas Herrington, insider trading, stock sale, Rule 10b5-1, executive, SEC Form 4