Amazon AWS chief reports RSU exercises and AMZN share sales

Rhea-AI Filing Summary

Amazon.com (AMZN) reported insider equity activity by the CEO of Amazon Web Services. On 11/21/2025, the executive exercised restricted stock unit awards that convert into common stock on a one-for-one basis, resulting in issuances of 6,300, 6,960, and 7,643 shares of common stock at an exercise price of $0 per share. On the same date, he sold multiple blocks of Amazon common stock, including 3,892, 8,327, 3,413, 1,721, and 415 shares at weighted average prices ranging from about $215.8299 to $219.4837 per share, under a Rule 10b5-1 trading plan adopted on 05/06/2025. After these transactions, he directly held 6,273 shares of common stock and indirectly held 887.52 shares through an Amazon.com 401(k) Plan account, along with outstanding restricted stock unit awards covering additional shares.

Insider Trade Summary

Net Seller: 17,768 shares ($3,853,946)

Net Sell 12 txns

Insider Garman Matthew S

Role CEO Amazon Web Services

Sold 17,768 shs ($3.85M)

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit Award	6,300	$0.00	--
Exercise	Restricted Stock Unit Award	6,960	$0.00	--
Exercise	Restricted Stock Unit Award	7,643	$0.00	--
Exercise	Common Stock, par value $.01 per share	6,300	$0.00	--
Exercise	Common Stock, par value $.01 per share	6,960	$0.00	--
Exercise	Common Stock, par value $.01 per share	7,643	$0.00	--
Sale	Common Stock, par value $.01 per share	3,892	$215.8299	$840K
Sale	Common Stock, par value $.01 per share	8,327	$216.6829	$1.80M
Sale	Common Stock, par value $.01 per share	3,413	$217.61	$743K
Sale	Common Stock, par value $.01 per share	1,721	$218.378	$376K
Sale	Common Stock, par value $.01 per share	415	$219.4837	$91K
holding	Common Stock, par value $.01 per share	--	--	--

Holdings After Transaction: Restricted Stock Unit Award — 25,740 shares (Direct); Common Stock, par value $.01 per share — 9,438 shares (Direct); Common Stock, par value $.01 per share — 887.52 shares (Indirect, Amazon.com 401(k) Plan Account)

Footnotes (1)

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 $216.21 and the lowest price at which shares were sold was $215.22. Represents the weighted average sale price. The highest price at which shares were sold was $217.21 and the lowest price at which shares were sold was $216.22. Represents the weighted average sale price. The highest price at which shares were sold was $218.20 and the lowest price at which shares were sold was $217.22. Represents the weighted average sale price. The highest price at which shares were sold was $219.23 and the lowest price at which shares were sold was $218.24. Represents the weighted average sale price. The highest price at which shares were sold was $219.80 and the lowest price at which shares were sold was $219.26. 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: 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.

Form 4 Insider Transactions: What Each Field Means →

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)
11/21/2025

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	11/21/2025		M		6,300	A	$0	9,438	D
Common Stock, par value $.01 per share	11/21/2025		M		6,960	A	$0	16,398	D
Common Stock, par value $.01 per share	11/21/2025		M		7,643	A	$0	24,041	D
Common Stock, par value $.01 per share	11/21/2025		S(1)		3,892	D	$215.8299(2)	20,149	D
Common Stock, par value $.01 per share	11/21/2025		S(1)		8,327	D	$216.6829(3)	11,822	D
Common Stock, par value $.01 per share	11/21/2025		S(1)		3,413	D	$217.61(4)	8,409	D
Common Stock, par value $.01 per share	11/21/2025		S(1)		1,721	D	$218.378(5)	6,688	D
Common Stock, par value $.01 per share	11/21/2025		S(1)		415	D	$219.4837(6)	6,273	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)	11/21/2025		M			6,300	05/21/2022(8)	02/21/2027	Common Stock, par value $.01 per share	6,300	$0	25,740	D
Restricted Stock Unit Award	$0(7)	11/21/2025		M			6,960	05/21/2023(9)	02/21/2028	Common Stock, par value $.01 per share	6,960	$0	44,740	D
Restricted Stock Unit Award	$0(7)	11/21/2025		M			7,643	05/21/2025(10)	02/21/2030	Common Stock, par value $.01 per share	7,643	$0	157,792	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 $216.21 and the lowest price at which shares were sold was $215.22.

3. Represents the weighted average sale price. The highest price at which shares were sold was $217.21 and the lowest price at which shares were sold was $216.22.

4. Represents the weighted average sale price. The highest price at which shares were sold was $218.20 and the lowest price at which shares were sold was $217.22.

5. Represents the weighted average sale price. The highest price at which shares were sold was $219.23 and the lowest price at which shares were sold was $218.24.

6. Represents the weighted average sale price. The highest price at which shares were sold was $219.80 and the lowest price at which shares were sold was $219.26.

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. Exhibit 24 Power of Attorney

	/s/ by Susan K. Jong as attorney-in-fact for Matthew S. Garman, CEO Amazon Web Services	11/25/2025
	** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Amazon (AMZN) report for the AWS CEO?

The AWS CEO exercised multiple restricted stock unit awards into Amazon common stock and sold several blocks of shares on 11/21/2025, as disclosed in a Form 4.

How many Amazon (AMZN) RSUs did the AWS CEO convert on 11/21/2025?

He exercised restricted stock unit awards into 6,300, 6,960, and 7,643 shares of Amazon common stock, each at an exercise price of $0 per share.

At what prices did the AWS CEO sell Amazon (AMZN) shares?

He sold Amazon common stock in multiple trades at weighted average prices of $215.8299, $216.6829, $217.61, $218.378, and $219.4837 per share, with noted highest and lowest prices for each range.

Was the Amazon (AMZN) insider trading activity under a Rule 10b5-1 plan?

Yes. The filing states that the transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 05/06/2025.

How many Amazon (AMZN) shares does the AWS CEO hold after the reported trades?

After the reported transactions, he directly owned 6,273 Amazon common shares and indirectly owned 887.52 shares through an Amazon.com 401(k) Plan account.

What is the conversion rate for the reported Amazon (AMZN) restricted stock unit awards?

The restricted stock unit awards convert into Amazon common stock on a one-for-one basis, according to the explanation of responses.

What are the vesting schedules mentioned for the Amazon (AMZN) RSU awards?

The filing details vesting schedules with specific share amounts vesting on various dates between 2022 and 2030, including multiple installments each year for the reported awards.