Amazon (AMZN) AWS CEO Matthew Garman Sells 14,541 Shares

What Happened

• Matthew S. Garman, CEO of Amazon Web Services, exercised/converted 18,176 derivative awards into common shares (net $0 exercise price reported) on August 21, 2026, and sold 14,541 of those (and/or previously held) shares in open-market transactions the same day. The open-market sales totaled approximately $3,766,920, at sale prices ranging roughly from $257.09 to $260.79 per share (per filing detail; group prices reported between $257.60 and $260.34).

Key Details

• Transaction date: August 21, 2026; Form 4 filed August 25, 2026 (appears timely).
• Exercise/Conversion: 4,860 + 1,480 + 4,000 + 7,836 = 18,176 shares acquired via derivative exercises (reported at $0).
• Open-market sales: 2,159 @ $257.60; 5,191 @ $258.66; 5,240 @ $259.57; 1,951 @ $260.34 — total 14,541 shares for ~$3.77M (weighted avg ≈ $259.1).
• Footnotes: Sales were effected pursuant to a Rule 10b5‑1 trading plan adopted 05/04/2026 (F1). Several awards have multi-year vesting schedules (F7–F10); derivatives convert one-for-one into common stock (F6).
• Shares owned after transaction: Not specified in the Form 4 filing.
• Filing timeliness: Filing date matches the typical two-business-day Form 4 deadline for an Aug 21 transaction.

Context

• This filing shows a common pattern: vested equity converted to shares (exercise/conversion of awards) and shares sold under a pre-established 10b5‑1 plan. That combination often reflects routine tax-liability management and scheduled selling rather than a discretionary trade; the filing itself does not state motivation. For retail investors, purchases tend to be more informative about insider bullishness; this form reports exercises and sales.