Jassy Andrew R 4
Research Summary
AI-generated summary
Amazon (AMZN) CEO Andy Jassy Sells 31,352 Shares
What Happened
- Andy Jassy, President, CEO and a director of Amazon.com, sold 31,352 shares of AMZN on 2026-05-04 at $275.00 per share, generating proceeds of $8,621,800. This was an open-market sale (transaction code S), not a purchase.
Key Details
- Transaction date and price: 2026-05-04 at $275.00 per share.
- Total proceeds: $8,621,800.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnote: Transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 2025-11-14.
- Filing timeliness: Report filed 2026-05-06 (no late filing flag indicated).
Context
- A 10b5-1 plan lets insiders execute prearranged trades and is commonly used to avoid trading on material nonpublic information; such sales are often routine (e.g., diversification or cash needs) and do not by themselves indicate management’s view of the company’s prospects.