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 January 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, with 500 shares sold on January 18, 2024, at a price of $152.78 per share, and another 500 shares sold on January 19, 2024, at $153.86 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 117,060 shares of Amazon stock.
- He also has indirect ownership of 340 shares held in trust and 143.1 shares held in an Amazon.com 401(k) plan account.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing for a pre-planned stock sale by an executive, which is neither positive nor negative for the company's outlook.
Industry Context
This is a routine filing for an executive stock sale under a pre-arranged trading plan, which is common practice among corporate executives to avoid accusations of insider trading. It does not indicate any specific change in the company's performance or outlook.
Comparison to Industry Standards
- The use of a 10b5-1 trading plan is a standard practice for executives at publicly traded companies like Amazon, including peers such as Microsoft (MSFT) and Google (GOOGL).
- These plans allow executives to sell shares at predetermined times and prices, avoiding accusations of trading on inside 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 executive stock sales.
Stakeholder Impact
- The stock sale is unlikely to have a significant impact on shareholders, employees, customers, or suppliers due to the small volume of shares sold and the pre-planned nature of the transaction.
Key Dates
| Date | Description |
|---|---|
| 05/05/2023 | Date the Rule 10b5-1 trading plan was adopted by Adam Selipsky. |
| 01/18/2024 | Date of the first sale of 500 shares at $152.78 per share. |
| 01/19/2024 | Date of the second sale of 500 shares at $153.86 per share. |
| 01/22/2024 | Date the Form 4 was signed. |
Keywords
insider trading, stock sale, Rule 10b5-1, Amazon, AMZN, Adam Selipsky, AWS, executive
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.