Garman Matthew S sold $3.8M of AMZN
Garman Matthew S (CEO Amazon Web Services) sold 14,541 shares of AMAZON COM INC (AMZN) at an average of $259.06 ($257.60–$260.34, $3.77M total) across 4 trades on 2026-08-21 under a Rule 10b5-1 trading plan.
How this was made
The 30-second read
Why it matters
The disclosed sale is the first public report of this transaction, making it a primary source of new information.
Market read
While the sale is a new disclosure, its modest size and pre‑arranged nature limit market impact.
What to watch
The 10b5‑1 plan indicates the sale was pre‑scheduled, reducing the likelihood of insider information driving the trade.
Background
Form 4 filings are required disclosures of insider trades, providing transparency on executive holdings.
Ticker impact
SEC Form 4 shows AWS CEO sold 14,541 shares for $3.77M via a 10b5‑1 plan on 2026‑08‑21.
Potential slight dip or sideways movement in the near term.
A $3.8M sale by a senior executive is material enough to be noted, yet it represents a tiny fraction of total shares and is pre‑arranged, limiting actionable impact.
Market effects
Minimal; AWS remains a core growth driver for Amazon with no immediate sector shift.
None beyond Amazon's share price.
Low; the filing is a routine insider transaction.
Counterpoint
The sale could be interpreted as a lack of confidence in near‑term AWS performance, suggesting a short opportunity.
Key entities
- CompanyAmazon.com Inc.
US‑listed e‑commerce and cloud services giant.
- IndividualGarman Matthew S
Officer and AWS CEO who sold shares.





