Nearly 12 million Amazon shares worth at least $2 billion are sold by Jeff Bezos, with more to come.
Nearly 12 million shares of stock worth over $2 billion were sold by Jeff Bezos to federal regulators.
On Feb. 7 and Feb. 8, the Amazon executive chairman sold 11,997,698 shares of common stock to the U.S. Securities and Exchange Commission.
The value of Amazon, founded in Seattle over three decades ago in a garage, exceeded $2.04 billion, according to the listed price totals.
The stocks were arranged into five groups, each containing between 1 million and over 3.2 million units.
In a separate SEC filing, Bezos announced the proposed sale of 50 million Amazon shares with an estimated market value of $8.4 billion around Feb. 7.
In 2021, Bezos stepped down as CEO of Amazon to focus more on his other projects, including Blue Origin and philanthropy. Although his address on stock filings is listed as Seattle, he is reportedly based in Miami.
technology
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