Garman Matthew S 4

What Happened
Matthew S. Garman, CEO of Amazon Web Services, converted 13,500 derivative awards into 13,500 shares (no exercise price) and sold 11,475 of the resulting shares in open-market transactions on May 15, 2026. The three sale lots were: 3,389 shares at $261.79 ($887,202), 6,151 shares at $262.85 ($1,616,762), and 1,935 shares at $263.57 ($510,009), for total proceeds of $3,013,973. The conversion/vesting is reported one-for-one and the sales were effected under a pre-established Rule 10b5-1 trading plan.

Key Details

• Transaction date: May 15, 2026; Form 4 filed May 19, 2026. (Form 4s are generally due within 2 business days of the transaction.)
• Sales: 11,475 shares sold in three blocks — 3,389 @ $261.79; 6,151 @ $262.85; 1,935 @ $263.57 — total ≈ $3,013,973.
• Conversion/Exercise: 13,500 derivative shares converted to common stock at $0 (one-for-one conversion per filing).
• Footnotes: Sales were made under a Rule 10b5-1 plan adopted 05/06/2025 (F1). Vesting schedule note: 13,500 shares vested on May 15, 2026 and another 13,500 on May 15, 2028 (F6). The filer will provide, on request, the number of shares transacted at each price.
• Shares owned after transaction: not specified in the provided filing.

Context
The filing shows a derivative conversion (vesting or option/award settlement) and concurrent open-market sales. Converting a derivative at $0 and then selling some shares is commonly how vested awards or exercised options are reported; the sales here were executed under a 10b5-1 plan (pre-arranged plan). These transactions report realized proceeds but are routine insider liquidity events and do not, by themselves, indicate the insider's broader view of the company.