Amazon SVP David Zapolsky Exercises Options and Sells Shares

What Happened

• David Zapolsky, Senior Vice President of Amazon (AMZN), exercised 15,430 derivative shares (two lots: 9,900 and 5,530) on 2026-08-21 (converts one-for-one into common stock) and sold the resulting 15,430 shares in several open-market trades on 2026-08-21 and 2026-08-24 for a total of approximately $4.00 million.
• Sales detail by tranche: 1,138 shares at $257.70 ($293,265); 1,782 shares at $258.64 ($460,889); 2,133 shares at $259.63 ($553,798); 1,119 shares at $260.45 ($291,442); and 9,258 shares at $259.77 ($2,404,951). Sale price ranges across tranches were roughly $257.24–$261.00.

Key Details

• Transaction dates: exercises and multiple sales on 2026-08-21; large block sale on 2026-08-24. Form 4 filed 2026-08-25 (within the required reporting window).
• Net effect: exercised 15,430 shares and sold 15,430 shares — no net increase in shares held from these transactions.
• Plan/authorization: Sales were effected under a Rule 10b5-1 trading plan adopted 2025-11-03 (footnote F1).
• Conversion/derivative note: Exercises convert into common stock on a one-for-one basis (F6). The exercised amounts match scheduled vesting for awards that include 9,900 and 5,530-share vesting on 2026-08-21 (F7, F8).
• Filing note: The reporting person offered to provide, on request, the breakdown of shares transacted at each price; no indication of a late filing.

Context

• This was effectively a cashless transaction: vested/derivative shares were converted and the shares were sold in the open market. Such transactions are commonly routine (especially when done under a pre-established 10b5‑1 plan) and do not, by themselves, indicate management sentiment.
• For retail investors: purchases typically carry more positive informational weight than routine option exercises followed by sales. This filing documents a planned sale of vested awards rather than an open‑market buy.