SEATTLE – Douglas J. Herrington, the Senior Vice President who leads Amazon’s Worldwide Stores division, sold 2,500 shares of company stock for a total value of approximately $550,144. The transaction took place on July 1, according to a Form 4 filing with the U.S. Securities and Exchange Commission.
The sale was executed automatically under a pre-arranged Rule 10b5-1 trading plan, which Herrington established on November 7, 2023. Such plans allow corporate insiders to set up a schedule for selling stocks at a future date, providing an affirmative defense against accusations of trading on non-public information. The shares were sold at prices ranging from $219.17 to $220.90.
While any insider sale can draw investor attention, this move is widely seen as routine financial planning or portfolio rebalancing rather than a reflection of the company’s immediate outlook.
After the sale, Herrington still holds a substantial stake in Amazon, with 514,550 shares directly and an additional 6,592 shares through the company’s 401(k) plan. The sold shares represent less than half a percent of his total holdings, signaling his continued significant investment in the company’s future.
The sale comes as Amazon’s (NASDAQ: AMZN) stock continues to perform steadily. On Thursday, shares closed at $223.41, up approximately 2% for the day. Over the past year, the e-commerce and cloud computing giant has delivered a gain of roughly 13% to its shareholders, backed by trailing-twelve-month revenues exceeding $650 billion.
Insider transactions are closely monitored by the market for clues about executive sentiment. While this particular sale appears routine, investors will be keenly watching for Amazon’s upcoming second-quarter earnings report, expected later this month, for a more comprehensive update on the company’s performance.
