Form 4: Amazon Web Services CEO Adam Selipsky Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Adam Selipsky, CEO of Amazon Web Services, sold 1,000 shares of Amazon stock over two days 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 on February 1, 2024, and February 2, 2024.
- 500 shares were sold on February 1st at a price of $155.72 per share.
- Another 500 shares were sold on February 2nd at a price of $169 per share.
- These transactions were executed under a pre-arranged Rule 10b5-1 trading plan adopted on May 5, 2023.
- Following these transactions, Mr. Selipsky directly owns 116,060 shares of Amazon stock.
- He also indirectly owns 340 shares in a trust and 143.1 shares through the Amazon.com 401(k) plan.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing for stock sales under a pre-arranged plan, indicating a neutral sentiment.
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 executives at publicly traded companies, including Amazon's peers such as Microsoft (MSFT), Google (GOOGL), and Apple (AAPL).
- These plans allow executives to sell shares at predetermined times and prices, avoiding accusations of insider trading.
- 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, employees, customers, or suppliers due to the small volume and pre-planned nature of the transactions.
Key Dates
| Date | Description |
|---|---|
| 05/05/2023 | Date the Rule 10b5-1 trading plan was adopted by Adam Selipsky. |
| 02/01/2024 | Date of the first stock sale, 500 shares at $155.72. |
| 02/02/2024 | Date of the second stock sale, 500 shares at $169. |
| 02/05/2024 | Date the Form 4 was signed. |
Keywords
Amazon, AMZN, Adam Selipsky, insider trading, stock sale, Rule 10b5-1, AWS, executive
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