Amazon CEO Sells $278,000 Worth of Stock Under Pre-Arranged Plan

Amazon.com's CEO Douglas Herrington sold 1,000 shares of the company's stock on August 3rd. The sale was made at an average price of $278.39 per share, resulting in a total transaction value of $278,390.00.

This move represents a 0.21% decrease in Herrington's ownership stake in Amazon.com. After the sale, he retained 483,527 shares of the company's stock, valued at approximately $134,609,081.53.

The transaction was executed under a pre-arranged Rule 10b5-1 trading plan and was disclosed to the Securities and Exchange Commission (SEC).