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Amazon CEO Sells $5 Million Worth of Company Stock

Guavy AI Editorial Team
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AMZN
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Amazon's CEO Andrew Jassy has sold 20,000 shares of the company's stock. The sale occurred on August 21st and was executed under a pre-arranged Rule 10b5-1 trading plan. The average price per share was $259.01, resulting in a total value of approximately $5.18 million.

This transaction represents a decrease of 0.89% in Jassy's position as CEO. Following the sale, he owns 2,235,766 shares of Amazon stock, valued at around $579 million. The sale was disclosed to the SEC and is available for viewing on their website.

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