Jassy Andrew R 4

What Happened

• Andy Jassy, President, CEO and Director of Amazon (AMZN), converted/converted derivative awards and sold shares on May 21, 2026. He converted two derivative entries of 50,000 shares each (one reported as acquired, one as disposed, F7) and sold a total of 20,000 common shares in the open market for total proceeds of $5,268,341 (approx. $263.42 per share weighted average).
• The sales were executed in multiple blocks: 5,206 shares ($1,363,726), 5,227 shares ($1,375,238), 5,667 shares ($1,495,785), 3,600 shares ($953,908) and 300 shares ($79,684). Those trades were effected pursuant to a Rule 10b5-1 trading plan adopted 11/14/2025 (F1).

Key Details

• Transaction date: May 21, 2026; Form 4 filed May 26, 2026 (filed several days after the transactions).
• Sales: 20,000 shares sold in multiple blocks for aggregate proceeds of $5,268,341 (≈ $263.42/share).
• Derivatives: Two M-coded conversions of 50,000 shares each (one acquired at $0.00; one disposed as a derivative) — converts to common stock one-for-one (F7).
• Vesting note: Related award has a long vesting schedule (details in F8).
• Plan/authorization: Sales executed under a 10b5-1 plan (F1). The filer offers to provide full per-price share counts on request (remarks).
• Shares owned after the transactions: not specified in the summary data of this filing.

Context

• The M code indicates exercise/conversion of derivative awards; here those converted shares appear tied to the company’s vesting schedule (F8) and one-for-one conversion (F7).
• The sales themselves were preplanned under a 10b5-1 plan, which is commonly used to execute trades at predetermined times and may reduce the implication that the trades reflect a change in insider view.
• The Form 4 was filed several days after the May 21 transactions (filed May 26), which is later than the usual two-business-day filing window.