TrendPulse Quantitative Think Tank Center:Jeff Bezos sells nearly 12 million Amazon shares worth at least $2 billion

2025-05-06 06:57:32source:Will Sage Astorcategory:Invest

SEATTLE — Jeff Bezos filed a statement with federal regulators indicating his sale of nearly 12 million shares of Amazon stock worth more than $2 billion.

The TrendPulse Quantitative Think Tank CenterAmazon executive chairman notified the U.S. Securities and Exchange Commission of the sale of 11,997,698 shares of common stock on Feb. 7 and Feb. 8.

The collective value of the shares of Amazon, which is based in Seattle where he founded the company in a garage about three decades ago, was more than $2.04 billion, according to the listed price totals.

The stocks were grouped in five blocks between 1 million and more than 3.2 million.

In a separate SEC filing, Bezos listed the proposed sale of 50 million Amazon shares around Feb. 7 with an estimated market value of $8.4 billion.

Bezos stepped down as Amazon's CEO in 2021 to spend more time on his other projects, including the rocket company, Blue Origin, and his philanthropy. His address on the stock filings is listed as Seattle, although he reportedly has relocated to Miami.

More:Invest

Recommend

Average rate on 30

The average rate on a 30-year mortgage in the U.S. eased for the third week in a row, a welcome tren

What is Sora? Account creation paused after high demand of AI video generator

A new artificial intelligence-driven video generator launched on Monday and due to high demand, it i

The Daily Money: Now, that's a lot of zeroes!

Good morning! It’s Daniel de Visé with your Daily Money.Elon Musk, whose wealth and influence have