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Amazon CEO Andy Jassy's $9 Million Stock Sale This Week May Be Cause for Caution

Recent transactions by both Amazon’s chief executive and a board member seem linked to the stock’s price, says an expertAmazon CEO Andy Jassy sold stock earlier this week.Amazon.com Inc. Chief Executi

Amazon CEO Andy Jassy's $9 Million Stock Sale This Week May Be Cause for Caution

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Chief Executi","content":"<html><head></head><body><p>Recent transactions by both Amazon’s chief executive and a board member seem linked to the stock’s price, says an expert</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/2f6814747060ff36734dce630d4103ca\" alt=\"Amazon CEO Andy Jassy sold stock earlier this week.\" title=\"Amazon CEO Andy Jassy sold stock earlier this week.\" tg-width=\"920\" tg-height=\"613\"/><span>Amazon CEO Andy Jassy sold stock earlier this week.</span></p><p>Amazon.com Inc. Chief Executive Andy Jassy sold $9 million worth of his company’s stock this week, in what one expert sees as a potentially “cautious” data point for investors.</p><p style=\"text-align: start;\">Jassy dumped 50,000 Amazon shares at a price of $180 apiece Monday, according to a filing with the Securities and Exchange Commission that was made public Wednesday. Board member Jonathan Rubenstein unloaded 5,556 shares at the same $180 price in a roughly $1 million transaction.</p><p>The sales by both company insiders took place through Rule 10b5-1(c) trading plans, which let executives and board members arrange for sales in advance based on predetermined conditions such as pricing and timing.</p><p>Amazon didn’t immediately respond to a MarketWatch request for comment on behalf of the company, Jassy or Rubenstein.</p><p>While it’s not necessarily clear what criteria are responsible for sales in a given trading plan, the fact that Jassy and Rubenstein both sold stock at $180 suggests their transactions were “price-triggered,” according to Ben Silverman, who tracks insider buying and selling at VerityData and looks for signals that may express an insider’s view of a stock’s valuation.</p><p>“The tandem price-targeting by two insiders who have effectively used price triggers previously and the expansion of sales volume represents a cautious valuation data point at the commerce and technology giant,” Silverman said in a note to clients earlier this week.</p><p style=\"text-align: start;\">While Jassy has sold Amazon shares “often” since he began having to report such transactions in 2006, Silverman noted that he has only turned to price triggers in “limited” instances. But in those cases, the resulting sales seemed “well-timed,” he observed.</p><p style=\"text-align: start;\">Jassy’s sale this week came through a trading plan that he adopted in mid-November, according to Silverman. Though the Amazon CEO has nearly 69,000 shares remaining to be sold under that 10b5-1(c) program, Silverman thinks any remaining sales will come through vestings of restricted stock, rather than price targeting.</p><p style=\"text-align: start;\">Meanwhile, Rubenstein’s transaction was done through a trading plan enacted in early November, and Silverman believes that his previous sale, a Feb. 9 transaction at a $171 per share, also was triggered by price.</p><p style=\"text-align: start;\">Before that, Rubenstein “last employed a trigger price in 2021 when a sale at $185.00 caught a price within 2% of what is still the stock’s all-time high,” he continued.</p><p style=\"text-align: start;\">Silverman sees these latest insider moves as more insightful for investors than former CEO and current executive chairman Jeff Bezos’ recent selling spree, since Bezos ”has historically not been a price-oriented seller and when he sells he typically sells in large quantities.”</p><p style=\"text-align: start;\">Jassy continues to own about 2 million Amazon shares indirectly, roughly 66,000 through a trust and almost 10,000 through an Amazon 401(k) plan. Rubenstein still owns nearly 110,000 Amazon shares directly.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Amazon CEO Andy Jassy's $9 Million Stock Sale This Week May Be Cause for Caution</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmazon CEO Andy Jassy's $9 Million Stock Sale This Week May Be Cause for Caution\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-03-09 08:15</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Recent transactions by both Amazon’s chief executive and a board member seem linked to the stock’s price, says an expert</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/2f6814747060ff36734dce630d4103ca\" alt=\"Amazon CEO Andy Jassy sold stock earlier this week.\" title=\"Amazon CEO Andy Jassy sold stock earlier this week.\" tg-width=\"920\" tg-height=\"613\"/><span>Amazon CEO Andy Jassy sold stock earlier this week.</span></p><p>Amazon.com Inc. Chief Executive Andy Jassy sold $9 million worth of his company’s stock this week, in what one expert sees as a potentially “cautious” data point for investors.</p><p style=\"text-align: start;\">Jassy dumped 50,000 Amazon shares at a price of $180 apiece Monday, according to a filing with the Securities and Exchange Commission that was made public Wednesday. Board member Jonathan Rubenstein unloaded 5,556 shares at the same $180 price in a roughly $1 million transaction.</p><p>The sales by both company insiders took place through Rule 10b5-1(c) trading plans, which let executives and board members arrange for sales in advance based on predetermined conditions such as pricing and timing.</p><p>Amazon didn’t immediately respond to a MarketWatch request for comment on behalf of the company, Jassy or Rubenstein.</p><p>While it’s not necessarily clear what criteria are responsible for sales in a given trading plan, the fact that Jassy and Rubenstein both sold stock at $180 suggests their transactions were “price-triggered,” according to Ben Silverman, who tracks insider buying and selling at VerityData and looks for signals that may express an insider’s view of a stock’s valuation.</p><p>“The tandem price-targeting by two insiders who have effectively used price triggers previously and the expansion of sales volume represents a cautious valuation data point at the commerce and technology giant,” Silverman said in a note to clients earlier this week.</p><p style=\"text-align: start;\">While Jassy has sold Amazon shares “often” since he began having to report such transactions in 2006, Silverman noted that he has only turned to price triggers in “limited” instances. But in those cases, the resulting sales seemed “well-timed,” he observed.</p><p style=\"text-align: start;\">Jassy’s sale this week came through a trading plan that he adopted in mid-November, according to Silverman. Though the Amazon CEO has nearly 69,000 shares remaining to be sold under that 10b5-1(c) program, Silverman thinks any remaining sales will come through vestings of restricted stock, rather than price targeting.</p><p style=\"text-align: start;\">Meanwhile, Rubenstein’s transaction was done through a trading plan enacted in early November, and Silverman believes that his previous sale, a Feb. 9 transaction at a $171 per share, also was triggered by price.</p><p style=\"text-align: start;\">Before that, Rubenstein “last employed a trigger price in 2021 when a sale at $185.00 caught a price within 2% of what is still the stock’s all-time high,” he continued.</p><p style=\"text-align: start;\">Silverman sees these latest insider moves as more insightful for investors than former CEO and current executive chairman Jeff Bezos’ recent selling spree, since Bezos ”has historically not been a price-oriented seller and when he sells he typically sells in large quantities.”</p><p style=\"text-align: start;\">Jassy continues to own about 2 million Amazon shares indirectly, roughly 66,000 through a trust and almost 10,000 through an Amazon 401(k) plan. Rubenstein still owns nearly 110,000 Amazon shares directly.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","LU0276348264.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN\"AUP\" (USD) INC","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","BK4507":"流媒体概念","BK4533":"AQR资本管理(全球第二大对冲基金)","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","LU0289941410.SGD":"AB FCP I Dynamic Diversified AX SGD","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","BK4524":"宅经济概念","BK4220":"综合零售","AMZN":"亚马逊","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","BK4527":"明星科技股","BK4588":"碎股","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU0109391861.USD":"富兰克林美国机遇基金A Acc","LU0238689110.USD":"贝莱德环球动力股票基金","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","BK4579":"人工智能","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0072462426.USD":"贝莱德全球配置 A2","BK4554":"元宇宙及AR概念","BK4503":"景林资产持仓","LU0082616367.USD":"摩根大通美国科技A（dist）","LU0056508442.USD":"贝莱德世界科技基金A2","LU0080751232.USD":"富达环球多元动力基金A","BK4561":"索罗斯持仓","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU0061474960.USD":"天利环球焦点基金AU Acc","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","BK4581":"高盛持仓","LU0308772762.SGD":"Blackrock Global Allocation A2 SGD-H","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) ACC","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0109392836.USD":"富兰克林科技股A","BK4548":"巴美列捷福持仓","LU0061474705.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN \"AU\" (USD) ACC","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","BK4532":"文艺复兴科技持仓","BK4592":"伊斯兰概念"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2418933011","content_text":"Recent transactions by both Amazon’s chief executive and a board member seem linked to the stock’s price, says an expertAmazon CEO Andy Jassy sold stock earlier this week.Amazon.com Inc. Chief Executive Andy Jassy sold $9 million worth of his company’s stock this week, in what one expert sees as a potentially “cautious” data point for investors.Jassy dumped 50,000 Amazon shares at a price of $180 apiece Monday, according to a filing with the Securities and Exchange Commission that was made public Wednesday. Board member Jonathan Rubenstein unloaded 5,556 shares at the same $180 price in a roughly $1 million transaction.The sales by both company insiders took place through Rule 10b5-1(c) trading plans, which let executives and board members arrange for sales in advance based on predetermined conditions such as pricing and timing.Amazon didn’t immediately respond to a MarketWatch request for comment on behalf of the company, Jassy or Rubenstein.While it’s not necessarily clear what criteria are responsible for sales in a given trading plan, the fact that Jassy and Rubenstein both sold stock at $180 suggests their transactions were “price-triggered,” according to Ben Silverman, who tracks insider buying and selling at VerityData and looks for signals that may express an insider’s view of a stock’s valuation.“The tandem price-targeting by two insiders who have effectively used price triggers previously and the expansion of sales volume represents a cautious valuation data point at the commerce and technology giant,” Silverman said in a note to clients earlier this week.While Jassy has sold Amazon shares “often” since he began having to report such transactions in 2006, Silverman noted that he has only turned to price triggers in “limited” instances. But in those cases, the resulting sales seemed “well-timed,” he observed.Jassy’s sale this week came through a trading plan that he adopted in mid-November, according to Silverman. Though the Amazon CEO has nearly 69,000 shares remaining to be sold under that 10b5-1(c) program, Silverman thinks any remaining sales will come through vestings of restricted stock, rather than price targeting.Meanwhile, Rubenstein’s transaction was done through a trading plan enacted in early November, and Silverman believes that his previous sale, a Feb. 9 transaction at a $171 per share, also was triggered by price.Before that, Rubenstein “last employed a trigger price in 2021 when a sale at $185.00 caught a price within 2% of what is still the stock’s all-time high,” he continued.Silverman sees these latest insider moves as more insightful for investors than former CEO and current executive chairman Jeff Bezos’ recent selling spree, since Bezos ”has historically not been a price-oriented seller and when he sells he typically sells in large quantities.”Jassy continues to own about 2 million Amazon shares indirectly, roughly 66,000 through a trust and almost 10,000 through an Amazon 401(k) plan. Rubenstein still owns nearly 110,000 Amazon shares directly.","news_type":1},"isVote":1,"tweetType":1,"viewCount":169,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":84,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}