Garman Matthew S 4

What Happened

• Matthew S. Garman, CEO of Amazon Web Services, exercised/converted vested derivative awards totaling 18,196 shares on 2026-05-21 (no cash exercise price reported) and sold shares in multiple open-market transactions the same day. He sold 4,257 @ $261.93, 4,554 @ $263.18, 3,689 @ $264.03, 2,534 @ $264.95, and 433 @ $265.64, generating total proceeds of $4,073,956. The derivative conversions convert into common stock on a one-for-one basis (footnote F7).

Key Details

• Transaction date: May 21, 2026; Form 4 filed May 26, 2026 (filed late relative to the typical 2-business-day Form 4 deadline).
• Derivative conversions/exercises (M): 4,860; 1,500; 4,000; and 7,836 shares — total 18,196 shares acquired via conversion at $0.00 per share.
• Open-market sales (S): total 15,467 shares sold for $4,073,956 (see line-item prices above).
• Notable footnotes: sales were effected pursuant to a Rule 10b5-1 trading plan adopted 05/06/2025 (F1). Vesting schedules for the underlying awards are detailed in the filing (F8–F11). Conversions are one-for-one into common stock (F7).
• Shares owned after the transactions: not specified in the provided excerpt of the Form 4.
• Filing timeliness: The Form 4 was filed 5 days after the transaction date (late filing).

Context

• This was primarily a conversion of vested awards followed by open-market sales of most of those shares — effectively a cash-out of vested compensation rather than an open-market purchase. For derivative entries, the filing shows exercise/conversion at $0 and subsequent sales, indicating the awards vested and were largely sold the same day. The presence of a Rule 10b5-1 plan means the sales were executed under a pre-established trading plan.