Form 4: Amazon Web Services CEO Adam Selipsky Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Adam Selipsky, CEO of Amazon Web Services, executed multiple sales of Amazon stock on February 21st and 22nd, 2024, under a pre-arranged 10b5-1 trading plan.
Summary
- Adam Selipsky, the CEO of Amazon Web Services, sold a total of 4,104 shares of Amazon stock on February 21st and 22nd, 2024.
- These sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on May 5, 2023.
- The sales occurred at various weighted average prices, ranging from $168.1552 to $173 per share.
- On February 21st, 7,760 restricted stock units vested and were converted to common stock.
- Following these transactions, Selipsky directly owns 134,100 shares of Amazon stock and indirectly owns 340 shares in trust and 143.1 shares in an Amazon.com 401(k) plan account.
- Selipsky also holds 214,900 restricted stock units.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction under a pre-arranged trading plan, with no indication of positive or negative sentiment. It is a neutral event.
Industry Context
This is a routine filing for a corporate executive selling shares under a pre-arranged trading plan, which is a common practice 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 among corporate 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 insider trading.
- The volume of shares sold by Selipsky is not unusual for an executive with a significant equity stake in the company.
- Similar filings are regularly made by executives at other large tech companies, such as Apple (AAPL) and Meta (META), when they execute trades under their 10b5-1 plans.
Stakeholder Impact
- The stock sales by Adam Selipsky are unlikely to have a significant impact on shareholders, as they were executed under a pre-arranged trading plan.
- The transactions do not indicate any change in the company's performance or outlook.
Key Dates
| Date | Description |
|---|---|
| 05/05/2023 | Date the Rule 10b5-1 trading plan was adopted by Adam Selipsky. |
| 02/21/2024 | Date of multiple stock sales and vesting of restricted stock units. |
| 02/22/2024 | Date of additional stock sales. |
| 02/23/2024 | Date the Form 4 was signed. |
Keywords
Amazon, AMZN, Adam Selipsky, stock sale, Rule 10b5-1, insider trading, AWS, restricted stock units
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