Transaction details
Amazon.com Inc (NASDAQ:AMZN) President and CEO Andrew R. Jassy executed a block of stock sales on February 23, 2026, disposing of 20,072 shares of the company’s common stock for an aggregate amount of $4.08 million. The sales were made under a Rule 10b5-1 trading plan and occurred at prices ranging from $204.2481 to $207.9575 per share.
Concurrently, the Form 4 filing with the Securities and Exchange Commission shows that Jassy acquired 49,680 shares through the exercise of restricted stock unit awards, at an exercise price of $0. Following these transactions, his direct ownership in Amazon stands at 2,238,118 common shares. He additionally holds 65,500 shares indirectly in trust and 9,918.361 shares through an Amazon.com 401(k) plan account.
Market context and valuation note
At the time of the disclosure, Amazon shares were trading at $208.59, a level that represents approximately a 10% decline year-to-date. InvestingPro analysis cited in the filing information indicates the share price may still be undervalued relative to its Fair Value.
Related corporate developments
The Form 4 disclosure and the transactions occur amid several other notable items tied to Amazon and adjacent market activity referenced in the same disclosure set:
- PayPal Holdings Inc. has drawn takeover interest following a drop in its stock price. Wolfe Research noted that PayPal’s components, including Venmo and its buy now, pay later unit, could command premium multiples, potentially at double-digit price-to-earnings ratios.
- Amazon recently discontinued its Blue Jay robotics project a few months after launch; staff from that initiative have been reassigned to other robotics programs within the company.
- Amazon-backed X-Energy Reactor Co. received a federal license to manufacture uranium fuel for advanced reactors - the first such approval in more than 50 years. The license permits X-Energy’s TRISO-X subsidiary to produce fuel using high-assay low-enriched uranium at facilities in Oak Ridge, Tennessee.
- Amazon Pharmacy announced plans to broaden same-day delivery to nearly 4,500 cities by 2026, expanding its logistics footprint for pharmaceutical distribution.
- Through a regulatory filing, Amazon disclosed a 5.3% ownership stake in BETA Technologies Inc., an electric aviation company.
Ownership summary and disclosure mechanics
The SEC Form 4 filing records both the sale and the RSU exercise. The report updates Jassy’s consolidated ownership positions - direct, indirect in trust, and holdings via the company 401(k) plan - without indicating any change to the structure of his long-term holdings beyond the transactions listed.
What this means for investors
The filing provides a snapshot of insider selling activity tied to a Rule 10b5-1 plan alongside the non-cash acquisition of stock through RSU exercises. The documentation also situates these moves against a market backdrop in which the shares are trading lower year-to-date even as analysis referenced suggests potential undervaluation.