Kevin Dietsch
Jeff Bezos, founder and executive chairman of Amazon (NASDAQ:AMZN), sold nearly $666 million worth company stock as part of a broader plan to eventually unload up to 25 million shares.
The recent sale involved approximately 3 million shares over two days during early July, an SEC filing showed.
The transaction is part of a prearranged trading plan adopted earlier in the year that enables Bezos to sell up to 25 million shares by May 29, 2026, a stake valued at about $4.75 billion at current prices.
He stepped down as Amazon CEO in 2021 and sold $736.7 million in stock during the final days of June.
Bezos still remains the largest shareholder of Amazon (NASDAQ:AMZN) and holds about 900 million company shares valued close to $200 billion.
More on Amazon
- Amazon: The AI Bet Behind AWS Growth
- Amazon Is Breaking The Bank With AWS Each Quarter (Rating Downgrade)
- Amazon Vs. MercadoLibre: Comparing 2 Similar Growth Stocks
- Amazon trades lower amid some concerns Prime Day sales could disappoint
- Amazon Prime Day is forecast by Adobe to be a smashing success for online retail in general