[lizdax]

Adding a note, according to the initial filings from the SEC:

>As further explained in Amazon’s Insider Trading FAQs, “puts, calls, warrants and other types of option securities” were required to “be cleared in advance with the Legal Department, regardless of whether that employee is otherwise subject to preclearance or to the trading window, even if that employee is not in possession of material nonpublic information.”

Amazon employees require Amazon's Legal approval before trading Amazon options.

page 6, #17-21

[pawelos]

> puts, calls, warrants and other types of option securities

These are not stock. You definitely don’t need Amazon Legal approval to trade Amazon stock - otherwise all employees that get RSUs would need approval to sell their stock.

[lizdax]

You're correct, let me update my wording.

[jjav]

> > “puts, calls, warrants and other types of option securities”

> Amazon employees require Amazon's Legal approval before trading Amazon stock.

Options are not stock, they're options. Employees are generally (maybe always?) restricted from trading in derivatives like options. That doesn't mean they can't trade stock (outside blackout windows).