Jeff Bezos has sold roughly $2 billion worth of Amazon, $AMZN, stock in recent days, according to financial filings.
The sales began Friday, as detailed in the filing, and continued on Monday. Bezos sold a total of 11,997,698 shares in the company for approximately $2.08 billion, according to the filing.
Jeff Bezos has sold roughly $2 billion worth of Amazon, $AMZN, stock in recent days, according to financial filings
2/14/2024
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These sales were part of a prearranged trading plan that Bezos adopted in November, as disclosed in Amazon’s 2023 annual filing. Under this plan, Bezos intends to sell 50 million Amazon shares before Jan. 31, 2025.
After stepping down as Amazon’s CEO in 2021, Bezos sold another batch of Amazon shares last week, totaling almost 12 million shares valued at more than $2 billion, according to a securities filing. This marked the first time Bezos had sold Amazon stock since May 2021. In November, he gifted approximately $240 million worth of Amazon shares.
Bezos’ stock sales have increased in pace since he announced last November that he would be leaving Seattle to move to Miami. This move would allow him to be closer to his fiancée, Lauren Sanchez, his parents, and Blue Origin’s operations.
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