Amazon (NASDAQ: AMZN) AWS chief Garman sells shares, exercises RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Amazon.com, Inc. executive Matthew S. Garman, CEO of Amazon Web Services, reported a mix of stock sales and equity award exercises in Amazon common stock. On May 21, 2026, he sold a total of 15,467 shares in multiple open‑market transactions at weighted average prices around $262–$266 per share under a pre‑arranged Rule 10b5‑1 trading plan.
On the same date, Garman exercised previously granted restricted stock unit awards, acquiring 18,196 shares of common stock at a conversion price of $0.00 per share. Following these transactions, he directly holds 29,626 shares of Amazon common stock and indirectly holds 887.52 shares through an Amazon.com 401(k) Plan Account.
Garman also continues to hold significant unvested or unexercised restricted stock unit awards, including 142,313 units in one award, which vest over time according to detailed vesting schedules extending through February 21, 2030.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 15,467 shares ($4,073,956)
Net Sell
14 txns
Insider
Garman Matthew S
Role
CEO Amazon Web Services
Sold
15,467 shs ($4.07M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit Award | 4,860 | $0.00 | -- |
| Exercise | Restricted Stock Unit Award | 1,500 | $0.00 | -- |
| Exercise | Restricted Stock Unit Award | 4,000 | $0.00 | -- |
| Exercise | Restricted Stock Unit Award | 7,836 | $0.00 | -- |
| Exercise | Common Stock, par value $.01 per share | 4,860 | $0.00 | -- |
| Exercise | Common Stock, par value $.01 per share | 1,500 | $0.00 | -- |
| Exercise | Common Stock, par value $.01 per share | 4,000 | $0.00 | -- |
| Exercise | Common Stock, par value $.01 per share | 7,836 | $0.00 | -- |
| Sale | Common Stock, par value $.01 per share | 4,257 | $261.9279 | $1.12M |
| Sale | Common Stock, par value $.01 per share | 4,554 | $263.1801 | $1.20M |
| Sale | Common Stock, par value $.01 per share | 3,689 | $264.0309 | $974K |
| Sale | Common Stock, par value $.01 per share | 2,534 | $264.9465 | $671K |
| Sale | Common Stock, par value $.01 per share | 433 | $265.6412 | $115K |
| holding | Common Stock, par value $.01 per share | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit Award — 14,580 shares (Direct, null);
Common Stock, par value $.01 per share — 16,290 shares (Direct, null);
Common Stock, par value $.01 per share — 887.52 shares (Indirect, Amazon.com 401(k) Plan Account)
Footnotes (1)
- This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 05/06/2025. Represents the weighted average sale price. The highest price at which shares were sold was $262.45 and the lowest price at which shares were sold was $261.51. Represents the weighted average sale price. The highest price at which shares were sold was $263.56 and the lowest price at which shares were sold was $262.57. Represents the weighted average sale price. The highest price at which shares were sold was $264.58 and the lowest price at which shares were sold was $263.59. Represents the weighted average sale price. The highest price at which shares were sold was $265.57 and the lowest price at which shares were sold was $264.59. Represents the weighted average sale price. The highest price at which shares were sold was $265.72 and the lowest price at which shares were sold was $265.60. Converts into Common Stock on a one-for-one basis. 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. 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. This award vests based upon the following vesting schedule: 4,000 shares on each of May 21, 2024, August 21, 2024, November 21, 2024, February 21, 2025, May 21, 2026, August 21, 2026, November 21, 2026, and February 21, 2027. 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.
Key Figures
Shares sold: 15,467 shares
Shares from RSU exercises: 18,196 shares
Direct holdings after transactions: 29,626 shares
+5 more
8 metrics
Shares sold
15,467 shares
Total Amazon common shares sold on May 21, 2026
Shares from RSU exercises
18,196 shares
Common shares acquired via RSU conversions on May 21, 2026
Direct holdings after transactions
29,626 shares
Amazon common stock held directly following reported trades
Indirect 401(k) holdings
887.52 shares
Amazon.com 401(k) Plan Account balance after transactions
Largest RSU award balance
142,313 units
Restricted Stock Unit Award units remaining after transaction
Additional RSU award
36,300 units
Restricted Stock Unit Award units remaining in one grant
Net buy/sell shares
-15,467 shares
Net share change from buy/sell activity in transaction summary
Exercise count
4 exercises
Number of derivative exercises (M code) reported
Key Terms
Rule 10b5-1 trading plan, Restricted Stock Unit Award, weighted average sale price, vesting schedule, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 05/06/2025."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
Restricted Stock Unit Award financial
"security_title: "Restricted Stock Unit Award" for multiple derivative transactions."
A restricted stock unit award is a promise by a company to give an employee a specified number of company shares at a future date if certain conditions are met, such as staying with the company or hitting performance goals. For investors, these awards matter because they can increase the total number of shares outstanding when converted, diluting existing holders, and they align employees’ incentives with shareholders’ interests much like giving a rising bonus that becomes real only after conditions are satisfied.
weighted average sale price financial
"Represents the weighted average sale price. The highest price at which shares were sold was $262.45 and the lowest price at which shares were sold was $261.51."
vesting schedule financial
"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..."
A vesting schedule is a timeline that determines when someone gains full ownership of certain benefits, such as company stock or retirement contributions. Think of it like earning the right to own a gift gradually over time, rather than receiving it all at once. It matters to investors because it affects when they can fully access or sell these benefits, influencing their financial planning and decision-making.
derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security" for M code transactions."
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
What insider transactions did AMZN executive Matthew Garman report?
Matthew Garman reported a mix of stock sales and equity award exercises. He sold 15,467 Amazon.com shares in open‑market transactions and exercised restricted stock units converting into 18,196 common shares, all dated May 21, 2026, under previously granted awards.
Were Matthew Garman’s AMZN stock sales under a Rule 10b5-1 plan?
Yes. A footnote states the sales were effected under a Rule 10b5‑1 trading plan adopted on May 6, 2025. Such plans are pre‑arranged trading programs that allow insiders to sell shares according to preset instructions, reducing discretion over transaction timing.
What restricted stock unit awards does Matthew Garman still hold at Amazon (AMZN)?
Garman continues to hold several restricted stock unit awards, including one with 142,313 units outstanding after the transaction. Additional awards with 12,000, 36,300, and 14,580 units remain, subject to detailed vesting schedules running from 2026 through February 21, 2030.