Jeff Bezos sells 12 million Amazon shares

Jeff Bezos disclosed to federal regulators that he had sold almost 12 million shares of Amazon stock, which was 0 at over $2 billion, according to Associated Press Finance.

On February 7 and 8, the executive chairman of Amazon notified the U.S. Securities and Exchange Commission (SEC) of the sale of 11,997,698 shares of common stock.

According to the listed price totals, the total value of the shares of the Seattle-based Amazon, where he started the business roughly thirty years ago in a garage, was more than $2.04 billion.

Between one million and more than 3.2 million stocks, the stocks were divided into five blocks.

Bezos also disclosed the proposed sale of 50 million Amazon shares, which have an estimated market value of $8.4 billion, in a separate SEC filing that was made around Feb 7.

It’s worth noting that in 2021, Bezos announced his resignation as CEO of Amazon to devote more of his time to his other ventures. Moreover, his address in the stock filings is Seattle, despite supposedly moving to Miami.