Amazon’s CEO Garman of web services sells $3.6m in AMZN stock
#Amazon Web Services #Insider Trading #Stock Sales #Matthew Garman #AMZN Stock #10b5-1 Trading Plan #Restricted Stock Units #Business Expansion
📌 Key Takeaways
- Garman sold $3.6 million in Amazon stock through multiple transactions under a pre-arranged trading plan
- Amazon stock is down approximately 10% year-to-date despite being considered undervalued by analysts
- Garman also acquired additional shares through stock awards at $0 price
- Amazon has several business developments in robotics, energy, pharmacy, and aviation sectors
📖 Full Retelling
Matthew S. Garman, CEO of Amazon Web Services, sold 17,751 shares of AMAZON COM INC (NASDAQ:AMZN) common stock on February 23, 2026, according to a Form 4 filing with the Securities and Exchange Commission, executing transactions under a pre-arranged 10b5-1 trading plan that fetched a total of $3,642,841. The shares were sold in multiple transactions with prices ranging from $204.1438 to $208.054 per share, specifically including 5,881 shares at a weighted average price of $204.1438, 5,195 shares at $204.7972, 4,202 shares at $206.0169, 1,868 shares at $207.0637, and 605 shares at $208.054. The stock currently trades at $208.56, down roughly 10% year-to-date as shares have struggled in recent months, though according to InvestingPro analysis, Amazon remains undervalued at current levels based on its Fair Value assessment. In contrast to his sales, Garman also acquired a total of 20,883 shares of Amazon common stock through the exercise of Restricted Stock Unit Awards on February 21, 2026, all at a price of $0, involving 6,300 shares, 6,940 shares, and 7,643 shares respectively. Beyond this insider trading activity, Amazon has several notable business developments, including the discontinuation of its Blue Jay robot for same-day delivery warehouses, federal approval for its X-Energy Reactor Co. to manufacture uranium fuel for advanced reactors, expansion plans for Amazon Pharmacy's same-day delivery service to nearly 4,500 cities in 2026, and a revealed 5.3% stake in BETA Technologies, an electric aviation company.
🏷️ Themes
Corporate Leadership, Stock Market Activity, Business Expansion
📚 Related People & Topics
Insider trading
Trading using nonpublic information
# Insider Trading **Insider trading** is the trading of a public company's stock or other securities (such as bonds or stock options) based on **material, nonpublic information** about the company. While the practice is common, its legality is subject to complex regulations that vary significantly ...
Amazon Web Services
On-demand cloud computing provider
Amazon Web Services, Inc. (AWS) is a subsidiary of Amazon that provides on-demand cloud computing platforms and APIs to individuals, companies, and governments, on a metered, pay-as-you-go basis. Clients often use this in combination with autoscaling (a process that allows a client to use more compu...
Entity Intersection Graph
Connections for Insider trading:
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SEC filing
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New York Stock Exchange
4 shared
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Rachel Haurwitz
3 shared
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ZWS
2 shared
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Biopharmaceutical
2 shared
Original Source
try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry AMD stock surges 14% on Meta AI partnership deal Bitcoin slips, wipes out 50% from October record high at session low Wall Street ends higher on tech rebound ahead of State of the Union address Software stocks rebound as Anthropic partnerships ease AI disruption fears (South Africa Philippines Nigeria) Amazon’s CEO Garman of web services sells $3.6m in AMZN stock By Investing.com Insider Trading Published 02/24/2026, 11:34 PM Amazon’s CEO Garman of web services sells $3.6m in AMZN stock 0 AMZN 1.60% PYPL 6.74% Matthew S. Garman, CEO of Amazon Web Services, sold 17,751 shares of AMAZON COM INC (NASDAQ:AMZN) common stock on February 23, 2026, according to a Form 4 filing with the Securities and Exchange Commission. The sales, executed under a pre-arranged 10b5-1 trading plan, fetched a total of $3,642,841. The shares were sold in multiple transactions with prices ranging from $204.1438 to $208.054 per share. Specifically, Garman sold 5,881 shares at a weighted average price of $204.1438, 5,195 shares at $204.7972, 4,202 shares at $206.0169, 1,868 shares at $207.0637, and 605 shares at $208.054. The stock currently trades at $208.56, down roughly 10% year-to-date as shares have struggled in recent months.According to InvestingPro analysis, Amazon remains undervalued at current levels based on its Fair Value assessment. Investors seeking deeper insights can access comprehensive analysis through the platform’s Pro Research Report, available for Amazon and over 1,400 US equities. On February 21, 2026, Garman also acquired a total of 20,883 shares of Amazon common stock through the exercise of Restricted Stock Unit Awards, all at a price of $0. These transactions involved 6,300 shares, 6,940 shares, and 7,643 shares respectively. In other recent news, PayPal Holdings Inc has attracted takeover interest after a decline in its stock price, according to market sources. Wolfe Research noted that PayPal ’s assets, includ...
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