Herrington Sells Over $982K Worth of Amazon Stock Amid Ongoing Investments

Amazon.com (NASDAQ:AMZN) CEO Douglas Herrington sold 3,741 shares of the firm's stock in a transaction dated Monday, August 17th. The sale was made at an average price of $262.76 per share, totaling $982,985.16.

This trade represents a 0.79% decrease in Herrington's position as CEO, leaving him with ownership of 467,138 shares valued at over $122 million.

The transaction was executed under Amazon's pre-arranged Rule 10b5-1 trading plan and was disclosed to the SEC.