Ignore this cluster. The $1.16M in sales is noise for a $2.85T company. Both executives exercised derivatives and sold a fraction of the shares received — a standard post-vesting pattern with no informational content. Monitor the next 8-K for any material business developments, but this insider activity alone does not warrant a trade.
Price Chart
Executive Summary
Two top Amazon executives — CEO of AWS Matthew Garman and CEO of Worldwide Amazon Stores Douglas Herrington — sold a combined $1.16M in open-market stock on May 15, 2026, following the exercise of derivative awards. The sales represent a trivial 0.00004% of Amazon's $2.85T market cap and are consistent with routine post-vesting diversification, not a bearish signal. The cluster is amplified by cross-filing context (insider trades + earnings context), but the absolute dollar amount is immaterial for a company of this size.
Key Financial Metrics
Key Facts
- CEO of AWS Matthew Garman sold 3,389 shares at ~$261.79 for $887K after exercising 13,500 derivative shares at $0
- CEO of Worldwide Amazon Stores Douglas Herrington sold 1,044 shares at ~$261.74 for $273K after exercising 9,353 derivative shares at $0
- Total open-market sales: $1.16M, representing 0.00004% of Amazon's $2.85T market cap
- All sales occurred on the same day (May 15, 2026) following derivative exercises — a classic tax-covering and diversification pattern
- No open-market purchases in the cluster; all non-cash derivative exercises have $0 economic value
- Cross-filing actuarial verdicts show AMPLIFIER for insider-trades + earnings-context, but the trivial dollar amount overrides any signal amplification
Financial Impact
$1.16M in open-market sales, immaterial relative to $2.85T market cap
Risk Factors
- No material risk — the sales are routine and proportional to derivative exercises
- If future clusters show C-suite selling accelerating above $50M+ in a 30-day window, that would be a different signal
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-AMZN-1779225234490 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 14, 2026 5w ago | Court Ruling | $253.54 $259.53 | ▲ +2.36% | ▲ +0.10% | $250.00 (−1.40%) |
Sep 14, 2026 5w ago | 8-K | $253.54 $259.53 | ▲ +2.36% | ▲ +0.10% | $250.00 (−1.40%) |
Sep 11, 2026 5w ago | 424B5 | $253.54 $259.53 | ▲ +2.36% | ▲ +0.10% | $250.00 (−1.40%) |
Sep 11, 2026 5w ago | Court Ruling | $256.78 $262.43 | ▲ +2.20% | ▲ +0.33% | $250.00 (−2.64%) |
Sep 11, 2026 5w ago | Court Ruling | $256.78 $262.43 | ▲ +2.20% | ▲ +0.33% | $250.00 (−2.64%) |
Sep 9, 2026 5w ago | 424B5 | $252.40 $259.92 | ▲ +2.98% | ▲ +1.04% | $250.00 (−0.95%) |
Sep 9, 2026 5w ago | 8-K / 3 | $252.40 $259.92 | ▲ +2.98% | ▲ +1.04% | $250.00 (−0.95%) |
Sep 8, 2026 5w ago | Court Ruling | $256.97 $256.29 | ▼ −0.26% | ▼ −1.98% | $250.00 (−2.71%) |
Sep 8, 2026 5w ago | Court Ruling | $256.97 $256.29 | ▼ −0.26% | ▼ −1.98% | $250.00 (−2.71%) |
Sep 2, 2026 6w ago | Court Ruling | $254.98 $249.15 | ▼ −2.29% | ▼ −1.96% | $250.00 (−1.95%) |
US Market Status
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