Amazon.com Inc. Chief Executive Jeff Bezos sold roughly $6.7 billion worth of shares in his company over the past week, his largest concentrated disposal of shares since his divorce.
According to filings with the Securities and Exchange Commission, Bezos sold roughly 1.48 million shares in separate transactions May 3-6, with proceeds of $4.91 billion, according to tabulations performed by Dow Jones Market Data group. An additional 521,936 shares, worth about $1.7 billion, were sold Friday and Monday, SEC filings show. Altogether, he sold a little over 2 million shares from May 3-10. The stock sales were prearranged through a 10b5-1 trading plan, according to the filings.
Bezos has made a habit recently of selling large tranches of shares not long after Amazon AMZN,
Previous sales were not as large, however, coming in closer to $3 billion to $4 billion, such as in November and February 2020. This appears to be the largest disposal of Amazon shares for Bezos since he cleaved off billions in stock for his ex-wife, MacKenzie Bezos, during their divorce.
Last year, Bezos sold more than $9 billion in Amazon stock in total, and he has previously said about $1 billion of that goes every year to his rocket startup, Blue Origin. Bezos — the world’s wealthiest individual, according to the Bloomberg Billionaires Index, with a net worth of about $191 billion — still holds about 51.7 million shares of Amazon, according to the final SEC filing of the week.
Amazon shares AMZN,
This article has been updated with further sales disclosed after first publication.
