Amazon (AMZN) CFO Brian Olsavsky Sells Shares, Exercises Derivatives

What Happened
Brian T. Olsavsky, Senior Vice President and Chief Financial Officer of Amazon.com, exercised/converted a total of 15,430 derivative shares (9,900 and 5,530) on 2026-08-21 and sold 6,172 shares in an open-market transaction at $260.31 per share, generating proceeds of $1,606,633. The exercises/conversions show $0 per-share cost on the filing (conversion/vesting treatment). The sale was effected pursuant to a Rule 10b5-1 trading plan.

Key Details

• Transaction date: 2026-08-21 (report filed 2026-08-25).
• Exercises/conversions: 9,900 and 5,530 derivative shares @ $0.00 (acquired via conversion/exercise; F2: converts 1-for-1).
• Open-market sale: 6,172 shares @ $260.31 = $1,606,633 (Disposed).
• Shares owned after transaction: Not specified in the provided Form 4 filing.
• Notable footnotes: F1 = sale executed under a Rule 10b5-1 plan adopted 05/14/2026; F2 = one-for-one conversion to common stock; F3/F4 = underlying awards have detailed multi-date vesting schedules.
• Timeliness: Filing covers 08/21/2026 transactions and was filed 08/25/2026 (no late-filing flag indicated).

Context
The filing shows conversion/exercise of derivative awards (converted into common stock on a one-for-one basis) and an accompanying open-market sale of a subset of shares. The sale was executed under a pre-established 10b5-1 plan, which is commonly used to automate insider sales and reduce questions about timing. This transaction is a disposition (sale) rather than a purchase; sales are often routine and may be for diversification or liquidity rather than a signal about the company's prospects.