Jeff Bezos.
Emma McIntyre | Getty Pictures Leisure | Getty Pictures
Amazon founder and government chairman Jeff Bezos offered roughly $2.08 billion of shares within the firm over the previous few days, in line with a monetary submitting.
The gross sales started Friday, the submitting exhibits, and continued Monday. In whole, Bezos offered 11,997,698 shares within the firm for about $2.08 billion, in line with the submitting.
The gross sales have been executed underneath a prearranged buying and selling plan that Bezos adopted in November, which was revealed earlier this month in Amazon’s 2023 annual submitting. As a part of the plan, Bezos plans to promote 50 million Amazon shares earlier than Jan. 31, 2025.
Bezos, who stepped down as Amazon’s CEO in 2021, unloaded one other spherical of Amazon shares final week, when he offered nearly 12 million shares value greater than $2 billion, in line with a securities submitting. It marked the primary time Bezos offered Amazon’s inventory since Could 2021. He gifted about $240 million value of Amazon shares final November.
Bezos’ inventory gross sales have accelerated since he introduced final November he would depart Seattle and transfer to Miami, permitting him to be nearer to fiancée Lauren Sanchez and his dad and mom, in addition to Blue Origin’s operations.
WATCH: Jeff Bezos sells $2 billion of Amazon shares
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