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Jeff Bezos has sold up to 25 million shares, as revealed in a recent SEC filing.
In a report released on Friday, Amazon stated that Bezos had initiated a trading plan “designed to comply with Rule 10b5-1(c)” early last month, which involves a portion of his stocks.
Jeff Bezos arrives for a meeting with British Prime Minister Boris Johnson in New York City on September 20, 2021. (Michael M. Santiago /Reuters /Pool via Reuters photos)
The 25 million shares amount to over $4.7 billion based on Friday morning’s valuations.
The trading plan permits Bezos, who founded Amazon more than 30 years ago and currently serves as the company’s executive chair, to sell shares “over a time frame that concludes on May 29, 2026,” subject to certain stipulations, per the quarterly report.
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Another SEC document highlighted that, as of March 3, Bezos directly owned upwards of 999.4 million shares of the e-commerce giant.
| Ticker | Safety | Last | Change | Change % |
|---|---|---|---|---|
| amzn | Amazon.com Inc. | 190.20 | +5.78 | +3.13% |
Bezos has previously implemented trading plans to sell Amazon shares in various contexts.
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In a past plan, he sold off 50 million shares over a span of weeks in February 2024, netting more than $8.5 billion.
Most of Bezos’ substantial wealth, sitting at $205.4 billion, comes from his Amazon stock. As of Friday morning, he is ranked as the second richest person globally, only trailing Tesla’s CEO, Elon Musk, according to Forbes.
Aside from Amazon, Bezos also owned the Washington Post and founded Blue Origin.
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