Form 4: Amazon Web Services CEO Adam Selipsky Sells 1,000 Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Adam Selipsky, CEO of Amazon Web Services, sold 1,000 shares of Amazon stock in two transactions on April 18th and 19th, 2024, under a pre-arranged trading plan.
Summary
- Adam Selipsky, the CEO of Amazon Web Services, sold a total of 1,000 shares of Amazon common stock.
- The sales occurred in two separate transactions: 500 shares on April 18, 2024, at a price of $181.38 per share, and 500 shares on April 19, 2024, at a price of $179 per share.
- These transactions were executed under a pre-arranged Rule 10b5-1 trading plan adopted on May 5, 2023.
- Following these sales, Mr. Selipsky directly owns 130,100 shares of Amazon stock.
- He also indirectly owns 340 shares in trust and 143.1 shares through the Amazon.com 401(k) plan account.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction under a pre-existing trading plan, with no indication of positive or negative sentiment.
Industry Context
This is a routine filing related to pre-planned stock sales by a company executive, which is common practice among publicly traded companies.
Comparison to Industry Standards
- Rule 10b5-1 trading plans are a standard practice for 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 executive stock sales.
Stakeholder Impact
- The stock sales are unlikely to have a significant impact on shareholders due to the small volume of shares sold.
Key Dates
| Date | Description |
|---|---|
| 05/05/2023 | Date the Rule 10b5-1 trading plan was adopted by Adam Selipsky. |
| 04/18/2024 | Date of the first sale of 500 Amazon shares at $181.38 per share. |
| 04/19/2024 | Date of the second sale of 500 Amazon shares at $179 per share. |
| 04/22/2024 | Date the Form 4 was signed. |
Keywords
Amazon, AMZN, Adam Selipsky, insider trading, stock sale, Rule 10b5-1, Amazon Web Services, executive compensation
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