Amazon AWS CEO Garman sells 17,751 AMZN shares

Amazon.com, Inc. executive Matthew S. Garman, CEO of Amazon Web Services, reported both sales and acquisitions of Amazon common stock.

Accepted by SEC EDGAR 02/24/2026 - 05:37 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Amazon.com, Inc. executive Matthew S. Garman, CEO of Amazon Web Services, reported both sales and acquisitions of Amazon common stock. On February 23, 2026, he completed open-market sales totaling 17,751 shares at prices around $204–$208 per share under a pre-established Rule 10b5-1 trading plan adopted on May 6, 2025.

Earlier, on February 21, 2026, restricted stock unit awards converted on a one-for-one basis into Amazon common stock, resulting in several acquisitions recorded at $0.00 per share as part of his equity compensation vesting schedule.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 11 txns

Insider Garman Matthew S

Role CEO Amazon Web Services

Sold 17,751 shs ($3.64M)

Approx. gross sale proceeds $3.64M

Approx. exercise cost $0.00

Type	Security	Shares	Price	Value
Sale	Common Stock, par value $.01 per share	5,881	$204.1438	$1.20M
Sale	Common Stock, par value $.01 per share	5,195	$204.7972	$1.06M
Sale	Common Stock, par value $.01 per share	4,202	$206.0169	$866K
Sale	Common Stock, par value $.01 per share	1,868	$207.0637	$387K
Sale	Common Stock, par value $.01 per share	605	$208.054	$126K
Exercise	Restricted Stock Unit Award	6,300	$0.00	$0.00
Exercise	Restricted Stock Unit Award	6,940	$0.00	$0.00
Exercise	Restricted Stock Unit Award	7,643	$0.00	$0.00
Exercise	Common Stock, par value $.01 per share	6,300	$0.00	$0.00
Exercise	Common Stock, par value $.01 per share	6,940	$0.00	$0.00
Exercise	Common Stock, par value $.01 per share	7,643	$0.00	$0.00
Holding	Common Stock, par value $.01 per share	--	--	--

Holdings After Transaction: Restricted Stock Unit Award — 207,389 contracts (Direct); Common Stock, par value $.01 per share — 9,405 shares (Direct); Common Stock, par value $.01 per share — 887.52 shares (Indirect, Amazon.com 401(k) Plan Account)

Footnotes (10)

1. F1. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 05/06/2025.
2. F2. Represents the weighted average sale price. The highest price at which shares were sold was $204.53 and the lowest price at which shares were sold was $203.54.
3. F3. Represents the weighted average sale price. The highest price at which shares were sold was $205.39 and the lowest price at which shares were sold was $204.54.
4. F4. Represents the weighted average sale price. The highest price at which shares were sold was $206.60 and the lowest price at which shares were sold was $205.61.
5. F5. Represents the weighted average sale price. The highest price at which shares were sold was $207.57 and the lowest price at which shares were sold was $206.61.
6. F6. Represents the weighted average sale price. The highest price at which shares were sold was $208.20 and the lowest price at which shares were sold was $207.86.
7. F7. Converts into Common Stock on a one-for-one basis.
8. F8. This award vests based upon the following vesting schedule: 3,420 shares on each of May 21, 2022, August 21, 2022, and November 21, 2022; 3,400 shares on February 21, 2023; 3,640 shares on May 21, 2023; 3,620 shares on each of August 21, 2023, November 21, 2023, and February 21, 2024; 4,300 shares on each of May 21, 2024, August 21, 2024, November 21, 2024, and February 21, 2025; 6,320 shares on each of May 21, 2025 and August 21, 2025; 6,300 shares on each of November 21, 2025 and February 21, 2026; and 4,860 shares on each of May 21, 2026, August 21, 2026, November 21, 2026, and February 21, 2027.
9. F9. This award vests based upon the following vesting schedule: 8,260 shares on each of May 21, 2023 and August 21, 2023; 8,240 shares on each of November 21, 2023 and February 21, 2024; 3,180 shares on each of May 21, 2024, August 21, 2024, and November 21, 2024; 3,160 shares on February 21, 2025; 6,960 shares on each of May 21, 2025, August 21, 2025, and November 21, 2025; 6,940 shares on February 21, 2026; 1,500 shares on May 21, 2026; 1,480 shares on each of August 21, 2026, November 21, 2026, and February 21, 2027; 7,980 shares on May 21, 2027; and 7,960 shares on each of August 21, 2027, November 21, 2027, and February 21, 2028.
10. F10. This award vests based upon the following vesting schedule: 7,643 shares on each of May 21, 2025, August 21, 2025, November 21, 2025, and February 21, 2026; 7,836 shares on each of May 21, 2026, August 21, 2026, and November 21, 2026; 7,835 shares on February 21, 2027; 7,845 shares on each of May 21, 2027 and August 21, 2027; 7,844 shares on each of November 21, 2027 and February 21, 2028; 12,344 shares on each of May 21, 2028, August 21, 2028, and November 21, 2028; 12,343 shares on February 21, 2029; 9,514 shares on May 21, 2029; and 9,513 shares on each of August 21, 2029, November 21, 2029, and February 21, 2030.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did AMZN executive Matthew Garman report on this Form 4?

Matthew S. Garman reported a mix of stock sales and acquisitions. He sold 17,751 Amazon common shares in open-market transactions and acquired additional shares through the conversion of restricted stock units as part of his equity compensation vesting.

How many Amazon (AMZN) shares did Matthew Garman sell and at what prices?

Matthew Garman sold 17,751 shares of Amazon common stock. The reported weighted average sale prices ranged from about $204 to $208 per share, with specific tranches priced near $204.14, $204.80, $206.02, $207.06, and $208.05.

Were Matthew Garman’s AMZN stock sales under a Rule 10b5-1 trading plan?

Yes. The filing states the sales were effected under a Rule 10b5-1 trading plan adopted by Matthew Garman on May 6, 2025, indicating the transactions were pre-arranged rather than discretionary trades timed after later information.

What type of AMZN equity awards were involved in Matthew Garman’s acquisitions?

The acquisitions came from Restricted Stock Unit Awards that convert into Amazon common stock on a one-for-one basis. These RSUs vested on February 21, 2026, and were recorded as acquisitions at $0.00 per share upon conversion.

What role does Matthew Garman hold at Amazon (AMZN) according to this Form 4?

Matthew S. Garman is identified as an officer of Amazon, serving as CEO Amazon Web Services. His transactions involve Amazon common stock and restricted stock unit awards associated with his executive compensation.

Does the Form 4 show Matthew Garman holding AMZN shares through a retirement plan?

Yes. The filing lists indirect ownership through an Amazon.com 401(k) Plan Account, showing 887.5200 shares held indirectly. This is separate from his directly held common stock reported in the other transactions.

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SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Garman Matthew S

(Last) (First) (Middle)

P.O. BOX 81226

(Street)

SEATTLE WA 98108-1226

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
AMAZON COM INC [ AMZN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CEO Amazon Web Services

3. Date of Earliest Transaction (Month/Day/Year)
02/21/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, par value $.01 per share	02/21/2026		M		6,300	A	$0	12,573	D
Common Stock, par value $.01 per share	02/21/2026		M		6,940	A	$0	19,513	D
Common Stock, par value $.01 per share	02/21/2026		M		7,643	A	$0	27,156	D
Common Stock, par value $.01 per share	02/23/2026		S(1)		5,881	D	$204.1438(2)	21,275	D
Common Stock, par value $.01 per share	02/23/2026		S(1)		5,195	D	$204.7972(3)	16,080	D
Common Stock, par value $.01 per share	02/23/2026		S(1)		4,202	D	$206.0169(4)	11,878	D
Common Stock, par value $.01 per share	02/23/2026		S(1)		1,868	D	$207.0637(5)	10,010	D
Common Stock, par value $.01 per share	02/23/2026		S(1)		605	D	$208.054(6)	9,405	D
Common Stock, par value $.01 per share								887.52	I	Amazon.com 401(k) Plan Account

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Unit Award	$0(7)	02/21/2026		M			6,300	05/21/2022(8)	02/21/2027	Common Stock, par value $.01 per share	6,300	$0	19,440	D
Restricted Stock Unit Award	$0(7)	02/21/2026		M			6,940	05/21/2023(9)	02/21/2028	Common Stock, par value $.01 per share	6,940	$0	37,800	D
Restricted Stock Unit Award	$0(7)	02/21/2026		M			7,643	05/21/2025(10)	02/21/2030	Common Stock, par value $.01 per share	7,643	$0	150,149	D

Explanation of Responses:

1. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 05/06/2025.

2. Represents the weighted average sale price. The highest price at which shares were sold was $204.53 and the lowest price at which shares were sold was $203.54.

3. Represents the weighted average sale price. The highest price at which shares were sold was $205.39 and the lowest price at which shares were sold was $204.54.

4. Represents the weighted average sale price. The highest price at which shares were sold was $206.60 and the lowest price at which shares were sold was $205.61.

5. Represents the weighted average sale price. The highest price at which shares were sold was $207.57 and the lowest price at which shares were sold was $206.61.

6. Represents the weighted average sale price. The highest price at which shares were sold was $208.20 and the lowest price at which shares were sold was $207.86.

7. Converts into Common Stock on a one-for-one basis.

8. This award vests based upon the following vesting schedule: 3,420 shares on each of May 21, 2022, August 21, 2022, and November 21, 2022; 3,400 shares on February 21, 2023; 3,640 shares on May 21, 2023; 3,620 shares on each of August 21, 2023, November 21, 2023, and February 21, 2024; 4,300 shares on each of May 21, 2024, August 21, 2024, November 21, 2024, and February 21, 2025; 6,320 shares on each of May 21, 2025 and August 21, 2025; 6,300 shares on each of November 21, 2025 and February 21, 2026; and 4,860 shares on each of May 21, 2026, August 21, 2026, November 21, 2026, and February 21, 2027.

9. This award vests based upon the following vesting schedule: 8,260 shares on each of May 21, 2023 and August 21, 2023; 8,240 shares on each of November 21, 2023 and February 21, 2024; 3,180 shares on each of May 21, 2024, August 21, 2024, and November 21, 2024; 3,160 shares on February 21, 2025; 6,960 shares on each of May 21, 2025, August 21, 2025, and November 21, 2025; 6,940 shares on February 21, 2026; 1,500 shares on May 21, 2026; 1,480 shares on each of August 21, 2026, November 21, 2026, and February 21, 2027; 7,980 shares on May 21, 2027; and 7,960 shares on each of August 21, 2027, November 21, 2027, and February 21, 2028.

10. This award vests based upon the following vesting schedule: 7,643 shares on each of May 21, 2025, August 21, 2025, November 21, 2025, and February 21, 2026; 7,836 shares on each of May 21, 2026, August 21, 2026, and November 21, 2026; 7,835 shares on February 21, 2027; 7,845 shares on each of May 21, 2027 and August 21, 2027; 7,844 shares on each of November 21, 2027 and February 21, 2028; 12,344 shares on each of May 21, 2028, August 21, 2028, and November 21, 2028; 12,343 shares on February 21, 2029; 9,514 shares on May 21, 2029; and 9,513 shares on each of August 21, 2029, November 21, 2029, and February 21, 2030.

Remarks:

The reporting person undertakes to provide, upon request by the staff of the SEC, the issuer, or a security holder of the issuer, full information regarding the number of shares transacted at each price, with respect to all transactions reported on this Form 4.

	/s/ by Susan K. Jong as attorney-in-fact for Matthew S. Garman, CEO Amazon Web Services	02/24/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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