US EditionJeff Bezos discloses plan to sell up to $4.8 billion in Amazon stock
- On December 4, 2024, Jeff Bezos, Amazon’s founder and executive chairman, announced his intention to sell as many as 25 million shares of the company within the next year.
- Bezos adopted a 10b5-1 trading plan on March 4, 2024, to structure the sales and avoid insider trading concerns amid post-earnings tariff uncertainty.
- The planned stock sale, valued at about $4.7 billion based on recent prices, follows Bezos stepping down as CEO in 2021 and continuing to fund other ventures.
- Amazon's first-quarter report showed profit above estimates but projected lower operating income, while Bezos remains the largest shareholder with over 900 million shares.
- This stock sale reflects Bezos' ongoing practice of selling shares to support projects like Blue Origin and implies continued personal wealth exceeding $200 billion.
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68 Articles
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Amazon founder Jeff Bezos is making a big business move. The 61-year-old Amazon founder plans to sell up to 25 million shares in the company over the next year, according to a financial filing on Friday (May 2) via CNBC. The top shareholder of the company stepped down as CEO in 2021, and is selling the shares as part of a trading plan adopted on March 4, per the filing. The stocks would be worth about $4.8 billion at the current price. Keep read…
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Jeff Bezos to sell up to $4.75 billion in Amazon stock by May 2026
Amazon founder Jeff Bezos has disclosed plans to sell up to $4.75 billion worth of Amazon stock over the next year, equating to approximately 25 million shares. This move is part of a predetermined trading plan initiated in March 2025 and is scheduled to run through May 2026 . Despite these sales, Bezos retains a significant stake in Amazon, holding over 926 million shares, which constitutes just under 9% of the company's total stock. The procee…
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