AWS CEO Garman Sells $3.77M in Amazon Stock Amid Strong Momentum
Amazon Web Services (AWS) CEO Matthew Garman has sold $3.77 million worth of Amazon stock, according to a recent filing. The sale took place on August 21, 2026, and consisted of 14,541 shares being sold at prices ranging from $257.09 to $260.79.
The transactions were carried out under a Rule 10b5-1 trading plan that Garman adopted on May 4, 2026. This type of plan allows executives to sell or buy company stock in accordance with a predetermined schedule, without being influenced by market conditions at the time of sale.
In addition to the sale, Garman also acquired a total of 18,176 shares of Amazon common stock through the vesting of restricted stock unit awards on August 21, 2026. These awards converted into common stock at $0 per share.
The insider transaction comes as Amazon trades at $261.06, with the stock showing strong momentum after gaining nearly 24% over the past six months. Analysts believe that Amazon is undervalued at current levels, with a P/E ratio of 20.92 and a PEG ratio of just 0.23.