Form 4: Amazon Senior Vice President David Zapolsky Sells 4,710 Shares Under 10b5-1 Trading Plan

Amazon's Senior Vice President, David Zapolsky, sold 4,710 shares of common stock at $195 per share under a pre-arranged 10b5-1 trading plan.

Summary

• David Zapolsky, a Senior Vice President at Amazon, sold 4,710 shares of Amazon common stock.
• The sale occurred on June 27, 2024, at a price of $195 per share.
• This transaction was executed under a pre-existing Rule 10b5-1 trading plan adopted on November 13, 2023.
• Following the transaction, Mr. Zapolsky directly owns 59,500 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 executives at 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

• The use of 10b5-1 trading plans is a common practice among executives at publicly traded companies to avoid accusations of insider trading.
• The volume of shares sold is relatively small compared to the total outstanding shares of Amazon, and is not unusual for an executive's planned sales.
• Other tech companies such as Apple, Microsoft, and Google also have executives who use 10b5-1 plans for stock transactions.

Stakeholder Impact

• The sale is unlikely to have a significant impact on shareholders as it is a small transaction by an individual executive.

Key Dates

Keywords

insider trading, Form 4, stock sale, 10b5-1 plan, executive, Amazon, AMZN, David Zapolsky