Amazon (AMZN) CEO Andrew Jassy Sells Shares, Exercises Options

What Happened

• Andrew R. Jassy, President, CEO and Director of Amazon.com, reported selling 20,000 common shares in open-market transactions on August 21, 2026, for aggregate proceeds of approximately $5.18 million. The individual sales were: 3,197 shares @ $257.63 ($823,657); 7,478 shares @ $258.67 ($1,934,300); 7,514 shares @ $259.61 ($1,950,685); and 1,811 shares @ $260.39 ($471,571).
• The Form 4 also reports two "exercise/conversion of derivative" entries on the same date: one converting/acquiring 50,000 shares at $0.00 and a separate derivative conversion/disposition for 50,000 shares at $0.00 (total derivative activity reported = 100,000 shares). Footnotes indicate these convert to common stock one-for-one and relate to an award with a multi-year vesting schedule.

Key Details

• Transaction date: 2026-08-21; filing date: 2026-08-25 (timely filed).
• Sale prices and amounts: 3,197 @ $257.63; 7,478 @ $258.67; 7,514 @ $259.61; 1,811 @ $260.39. Total proceeds ≈ $5,180,213.
• Derivative activity: two M-code entries (50,000 acquired at $0.00; 50,000 disposed at $0.00). Footnote F6: converts into common stock on a one-for-one basis. Footnote F7: underlying award vests on a scheduled multi-year timetable.
• Trades were effected pursuant to a Rule 10b5-1 trading plan adopted by Jassy on 11/14/2025 (Footnote F1) — indicates pre-arranged plan for some sales.
• Shares owned after the transaction are not specified in the excerpt; see the full Form 4 for total beneficial ownership.
• Remark: reporting person offered to provide transaction-level detail on request.

Context

• The filing shows both option/derivative conversion activity (M = exercise/conversion) and same-day open-market sales. The presence of a Rule 10b5-1 plan indicates the sales were made under a pre-established trading arrangement. The filing is factual and does not state motivation for the sales or conversions.