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Jeff Bezos offloads up to 25 million shares, according to a new Securities and Exchange Commission (SEC) filing.
Amazon said it submitted it to the SEC in its quarterly report on Friday The founder of the billionaire Earlier last month, we adopted a trading plan “purposed to meet Rule 10B5-1(c)” and shared many of its shares.
Billionaire American businessman Jeff Bezos arrives for a meeting with British Prime Minister Boris Johnson at the UK diplomatic residence in New York City on September 20, 2021. (Michael M. Santiago /Reuters /Pool via Reuters photos)
25 million Amazon sharing As of Friday morning it was worth more than $4.7 billion.
This plan will enable Bezos, who founded Amazon over 30 years ago and played the role of the company. Executive Chairin accordance with the quarterly report, the shares will be sold over a period ending May 29, 2026 “worthy subject to certain conditions.”
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Another SEC filing showed that as of March 3, more than 999.4 million shares of the e-commerce giant were directly owned.
| Ticker | safety | last | change | change % |
|---|---|---|---|---|
| amzn | Amazon.com Inc. | 190.20 | +5.78 |
+3.13% |
It was featured by the founder of Amazon Transaction Plan Selling stocks on Amazon in various cases in the past.
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In one of the previous ones he adopted, he poured 50 million shares over weeks in February 2024, earning over $8.5 billion.
Bezos derives most of his 12-digit net worth from his Amazon stock.
The Amazon logo will be on display outside the Amazon UK Man8 warehouse on October 15th, 2023 at Haydock, UK. (Nathan Stark/Getty Images/Getty Images)
The Amazon founder had a personal fortune of $205.4 billion as of Friday morning, due to Forbes’ action. By that number he was ranked as the second richest person on the planet, surpassing only by Tesla CEO Elon Musk.
Bezos was also the owner of the Washington Post, creating a blue origin.
