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 March 21st and 22nd, 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 stock.
- The sales occurred in two separate transactions, with 500 shares sold on March 21, 2024, at a price of $180 per share, and another 500 shares sold on March 22, 2024, at $177.58 per share.
- These transactions were executed under a pre-arranged Rule 10b5-1 trading plan adopted on May 5, 2023.
- Following these transactions, Selipsky directly owns 132,100 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 stock sale by an executive under a pre-arranged plan, which is neither positive nor negative for the company's performance.
Industry Context
This is a routine filing for an executive stock sale under a pre-arranged trading plan, which is common practice for corporate insiders.
Comparison to Industry Standards
- Rule 10b5-1 trading plans are a standard practice for executives at publicly traded companies like Amazon, allowing them to sell shares without concerns about insider trading.
- Many tech executives at companies like Microsoft, Google, and Apple use similar plans to manage their stock holdings.
Stakeholder Impact
- The stock sales are unlikely to have a significant impact on shareholders, as they are part of a pre-planned trading strategy.
Key Dates
| Date | Description |
|---|---|
| 05/05/2023 | Date the Rule 10b5-1 trading plan was adopted by Adam Selipsky. |
| 03/21/2024 | Date of the first sale of 500 shares at $180 per share. |
| 03/22/2024 | Date of the second sale of 500 shares at $177.58 per share. |
| 03/25/2024 | Date the Form 4 was signed. |
Keywords
Amazon, AMZN, Adam Selipsky, insider trading, stock sale, Rule 10b5-1, Amazon Web Services, executive
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