Amazon CEO Sells $1 Billion Stake Amid Board Cash-Out

Amazon.com Inc. (AMZN) CEO Andy Jassy sold 31,000 shares of the company’s common stock on April 17, 2026 under a prearranged Rule 10b5-1 trading plan at approximately $255 per share, raising about $7.9 million (around ₩11 billion). After the transaction, Jassy still holds roughly 2.2 million shares, directly and indirectly, representing an interest valued at about $560 million (approximately ₩7 trillion) on a straight conversion basis. During the same period, board director Jonathan Rubinstein sold several thousand shares under his own 10b5-1 plan on April 24 and 30, generating about $1 million (around ₩1 billion) per trade, while continuing to retain tens of thousands of shares.

In its first-quarter 2026 results, Amazon reported revenue of $181.5 billion (about ₩250 trillion), with AWS revenue up 28% year-over-year. In a letter to shareholders, Jassy reaffirmed the company’s large-scale investment plans in AI infrastructure, custom chips and satellite internet.

Headquartered in Seattle, Amazon is a global e-commerce and cloud services provider delivering infrastructure to businesses and public institutions worldwide through AWS. Jassy succeeded founder Jeff Bezos as CEO in 2021, and Rubinstein has served on Amazon’s board since 2010 after executive roles at Apple and Palm.