Garman Matthew S, CEO of Amazon Web Services, has demonstrated a consistent pattern of selling Amazon.com Inc. (AMZN) shares over the past year, with no recorded purchases in the same period. According to SEC Form 4 filings, his 26 reported transactions since February 2025 have all been sales, totaling approximately $14.8 million in value. The most recent activity occurred on February 23, 2026, when he executed five separate sales ranging from $125,873 to $1.2 million, collectively worth nearly $3.5 million. This follows a similar cluster of sales in November 2025, where disposals included a single transaction exceeding $1.8 million and others in the $375,000 to $840,000 range.
The transactions appear to follow a quarterly cadence, with notable sales in August 2025 ($2.29 million and $1.65 million) and February 2025 (ranging from $454,274 to $925,174). Several filings with $0 values indicate derivative transactions, likely involving option exercises or other equity adjustments, though these did not result in direct share disposals. Garman’s sales have been concentrated solely in Amazon stock, with no diversification into other securities. The absence of any buys suggests a deliberate reduction in his AMZN holdings, though the sales could represent routine portfolio management or liquidity events tied to compensation. The dollar volumes, particularly in the last three quarters, reflect a sustained divestment trend rather than isolated disposals.
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