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 on January 4th and 5th, 2024, under a pre-arranged 10b5-1 trading plan.
Summary
- Adam Selipsky, the CEO of Amazon Web Services, executed sales of Amazon common stock on January 4th and 5th, 2024.
- A total of 500 shares were sold on January 4th at a price of $145.63 per share.
- An additional 500 shares were sold on January 5th at a price of $144.61 per share.
- These transactions were conducted under a pre-arranged Rule 10b5-1 trading plan adopted on May 5th, 2023.
- Following these sales, Mr. Selipsky directly owns 118,060 shares of Amazon stock.
- He also indirectly owns 340 shares in trust and 143.1 shares through the Amazon.com 401(k) plan account.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing detailing stock sales under a pre-arranged plan, which is neither positive nor negative.
Industry Context
This is a routine filing related to insider trading activity. It is common for executives to use 10b5-1 plans to sell shares to avoid accusations of insider trading.
Comparison to Industry Standards
- Many executives at large public companies use 10b5-1 trading plans to manage their stock sales.
- These plans are designed to comply with insider trading regulations and provide a structured approach to selling shares.
- The volume of shares sold by Mr. Selipsky is relatively small compared to the total outstanding shares of Amazon.
- Similar filings are regularly made by executives at companies like Microsoft, Google, and Apple.
Stakeholder Impact
- The stock sales are unlikely to have a significant impact on shareholders due to the relatively small volume of shares sold.
Key Dates
| Date | Description |
|---|---|
| 05/05/2023 | Date the Rule 10b5-1 trading plan was adopted by Adam Selipsky. |
| 01/04/2024 | Date of the first stock sale transaction. |
| 01/05/2024 | Date of the second stock sale transaction. |
| 01/08/2024 | Date the Form 4 was signed. |
Keywords
Amazon, AMZN, Adam Selipsky, insider trading, stock sale, Rule 10b5-1, Amazon Web Services, AWS
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