'Amazon' CEO Sells $10 Billion Stake…AWS Head Also Engages in Stock Transactions

On April 30, Amazon.com Inc. (NASDAQ: AMZN) disclosed that board member Jonathan Rubinstein sold approximately 3,700 shares at about $273 per share, raising roughly $1 million (₩1.3 billion), while still retaining tens of thousands of shares. On May 4, CEO Andy Jassy, following a pre-established Rule 10b5-1 trading plan, disposed of over 30,000 shares at $275 each, converting about $8.6 million (₩11 billion) into cash; his direct and indirect holdings, however, remain in the millions of shares. Then on May 15, AWS CEO Matthew Garman converted 13,500 restricted stock units (RSUs) into shares and sold a significant portion at around $262 apiece, raising approximately $3 million (₩4 billion). At the same time, he secured the opportunity for up to $7 million (₩9 billion) in future compensation through similarly sized new RSU grants based on share‐price performance.

In its Q1 2026 earnings report released April 29, Amazon posted revenue of about $181.5 billion, a 17% year-over-year increase, with an operating profit margin in the mid-teens—outperforming analysts’ expectations. AWS revenue continued its high‐growth trajectory, rising by 28%.

Amazon also announced that this year’s Prime Day—its annual major discount event—will run from June 23 to 26, moved forward from July to boost e-commerce sales and reinforce Prime member engagement.

Headquartered in Seattle, Amazon is the world’s largest e-commerce and cloud services company, with core businesses spanning online retail, AWS, advertising and satellite internet. Founder Jeff Bezos passed the baton to Andy Jassy, who has served as group CEO since 2021, while cloud-division leadership remains under AWS veteran Matthew Garman.