Andrew R. Jassy, President and CEO of Amazon.com Inc. (AMZN), sold 31,352 shares of the company's stock on May 6, 2026. The transaction, executed at a price of $275.00 per share, amounted to approximately $8.62 million.
This sale follows a pattern of recent insider selling activity at Amazon. Douglas J. Herrington, another executive, also made significant sales around the same period, including a sale of 27,500 shares for approximately $7.56 million on May 4th. Other executives, such as Jonathan Rubinstein, have also recently divested shares.
Insider sales can be attributed to various reasons, including portfolio diversification, liquidity needs, or tax planning, and do not necessarily indicate a negative outlook on the company's future performance.