Jeff Bezos has filed with the SEC to offload up to 25 million shares of Amazon, valued over $4.7 billion. This move follows a trading plan established to comply with Rule 10b5-1(c), allowing him to sell these shares until May 29, 2026. Bezos's ownership of approximately 909.4 million shares gives him a substantial stake in Amazon, which greatly contributes to his net worth of $205.4 billion, making him the second-richest individual globally. This isn't the first time he has sold shares, demonstrating a routine of strategic financial maneuvering.
Jeff Bezos plans to sell up to 25 million Amazon shares, valued at over $4.7 billion, under a trading plan compliant with SEC regulations.
This trading plan allows Bezos to sell shares until May 2026, further solidifying his past practice of strategic stock offloading.
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