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 4th and 5th, 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, with 500 shares sold on April 4, 2024, at a price of $184 per share and another 500 shares sold on April 5, 2024, at $182.53 per share.
- These transactions were executed under a pre-arranged Rule 10b5-1 trading plan adopted by Mr. Selipsky on May 5, 2023.
- Following these sales, Mr. Selipsky directly owns 131,100 shares of Amazon stock.
- He also indirectly owns 340 shares in a trust and 143.1 shares through an Amazon.com 401(k) plan account.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction under a pre-arranged trading plan, with no indication of positive or negative sentiment.
Industry Context
This is a routine filing for insider stock sales under a pre-arranged trading plan, which is common practice for executives at publicly traded companies. It does not indicate any specific change in the company's performance or outlook.
Comparison to Industry Standards
- Rule 10b5-1 trading plans are a standard practice among executives at publicly traded companies like Amazon, Microsoft, Google, and Apple.
- These plans allow insiders to sell shares at predetermined times to avoid accusations of trading on non-public information.
- The volume of shares sold by Mr. Selipsky is relatively small compared to the total outstanding shares of Amazon, and is not unusual for an executive's planned sales.
Stakeholder Impact
- The stock sales are unlikely to have a significant impact on shareholders, as they are part of a pre-arranged plan and represent a small fraction of the total shares outstanding.
Key Dates
| Date | Description |
|---|---|
| 05/05/2023 | Date the Rule 10b5-1 trading plan was adopted by Adam Selipsky. |
| 04/04/2024 | Date of the first stock sale transaction, 500 shares at $184. |
| 04/05/2024 | Date of the second stock sale transaction, 500 shares at $182.53. |
| 04/08/2024 | Date the Form 4 was signed. |
Keywords
insider trading, stock sale, Rule 10b5-1, Adam Selipsky, Amazon, AMZN, executive
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