Amazon CEO Andy Jassy Sells Shares Worth 12 Billion Won, Still Holds Over 2 Million Shares

Amazon.com, Inc. (NASDAQ: AMZN) CEO Andy Jassy sold 31,352 shares of the company’s common stock at $275 per share on May 4 under a pre-established Rule 10b5-1 trading plan, cashing out approximately $8.6 million (about ₩12 billion), according to a regulatory filing.

After this sale, Jassy still holds 2,175,766 shares directly, along with additional indirect stakes via trusts and 401(k) accounts, preserving a substantial ownership position in Amazon.

Over the same period, board member Jonathan Rubinstein also executed two sales at the end of April under his own Rule 10b5-1 plan, disposing of roughly $1 million worth of shares in each transaction (about ₩1.4 billion apiece), while retaining tens of thousands of shares.

On April 29, Amazon reported first-quarter 2026 results that beat market expectations in both revenue and earnings, underscoring strong growth in AWS and its advertising segment. In April, the company further announced plans to expand its low Earth orbit satellite network, “Amazon Leo,” through the acquisition of satellite communications provider Globalstar, signaling a strategic push into telecommunications and space infrastructure.

As one of the leading U.S. big-tech firms—anchored by its e-commerce platform and AWS cloud services—Amazon maintains a top-tier global market capitalization and exerts significant influence across international online retail and cloud infrastructure markets. Since succeeding Jeff Bezos as CEO in 2021, Jassy has highlighted artificial intelligence and cloud infrastructure investments as long-term growth drivers in shareholder letters and public events, unveiling aggressive capital expenditure plans.