Olsavsky Brian T 4
Research Summary
AI-generated summary
Amazon (AMZN) CFO Brian Olsavsky Exercises/Converts RSUs and Sells Shares
What Happened
- Brian T. Olsavsky, Senior Vice President and Chief Financial Officer of Amazon.com, converted/ exercised derivative awards into 15,450 shares (two conversions: 9,920 and 5,530 shares) on May 21, 2026. Each conversion is reported with a $0 exercise price (conversion of award into common stock on a one-for-one basis).
- The filing also shows matching dispositions of the same amounts (9,920 and 5,530 shares) on the same date, indicating the shares were disposed/sold immediately after conversion (cashless/instant disposition). The Form 4 uses transaction code M (exercise or conversion of a derivative security) and lists the dispositions as derivative sales.
Key Details
- Transaction date(s): May 21, 2026; Filing date: May 26, 2026 (report covers the May 21 transactions).
- Shares converted: 9,920 and 5,530 (total 15,450). Conversion price reported: $0 (these were award conversions, not a cash purchase).
- Shares disposed: 9,920 and 5,530 (total 15,450) on same date — indicated as derivative dispositions (i.e., shares sold or transferred immediately).
- Shares owned after transaction: Not specified in the data provided in this summary (see the full Form 4 for post-transaction holdings).
- Footnotes: F1 notes a one-for-one conversion into common stock. F2 and F3 are vesting schedules; each schedule shows a tranche of 9,920 and 5,530 shares vesting on May 21, 2026 respectively, matching these conversions.
- Timeliness: Filing date is May 26, 2026 for transactions on May 21, 2026. The Form 4 itself should be checked for any late‑filing indicator; the summary data here does not state a late-filing flag.
Context
- These transactions appear to be routine vesting/conversion of equity awards (likely RSUs or similar awards) that were converted to shares and then disposed of the same day — a common practice to satisfy tax-withholding or to monetize vested awards. Such conversions at $0 reflect award vesting rather than a market purchase.
- For retail investors, purchases are often a stronger signal than routine vesting-and-sell activity. If you want the exact proceeds, post-transaction holdings, or to confirm timeliness, consult the full Form 4 (accession 0001639902-26-000006) filed with the SEC.