NOOYI INDRA K 4

What Happened

• Indra K. Nooyi, a director of Amazon.com, Inc., had a derivative instrument convert into 1,602 shares of Amazon common stock on May 15, 2026. The reported transactions show 1,602 shares "Acquired" at $0.00 and 1,602 shares "Disposed" at $0.00 (transaction code M — exercise/conversion of derivative). No cash payment is reported in the filing.

Key Details

• Transaction date: May 15, 2026; Form 4 filed: May 19, 2026
• Transaction type/code: M (exercise/conversion of derivative)
• Shares acquired on conversion: 1,602 at $0.00 (reported value $0)
• Matching "Disposed" entry: 1,602 at $0.00 (reflects the derivative instrument ceasing upon conversion)
• Shares owned after transaction: Not disclosed in the supplied filing data
• Footnotes:
  • F1: The derivative converts into Common Stock on a one-for-one basis.
  • F2: The award vests and converts at a rate of 1,602 shares on each of May 15, 2026; May 15, 2027; and May 15, 2028, subject to continued service as a director.
• Exhibits: Exhibit 24 (Power of Attorney) referenced

Context

• This was a derivative conversion/vesting event, not an open-market buy or sale. The filing shows no cash changing hands (reported price $0), and the disposed line reflects that the derivative instrument converted into common stock. The filing documents the first of three scheduled annual conversion tranches (2026–2028) tied to continued director service.