Tags: jeff bezos | amazon | stock

Bezos Sells Another $2B of Amazon; $8B More to Come

Bezos Sells Another $2B of Amazon; $8B More to Come
Amazon founder Jeff Bezos plans to sell up to 50 million shares of Amazon stock over the next year according to a regulatory filing. Those shares would be worth approximately $8.4 billion at the current market price. (Dennis Van Tine/AP)

Wednesday, 14 February 2024 06:20 AM EST

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

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.

The Amazon 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.

The filing followed another eariler this week indicating Bezos' sale of $2 billion, marking a total sale of $4 billion of stock.

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.

Copyright 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.


StreetTalk
Jeff Bezos filed a statement with federal regulators indicating his sale of nearly 12 million shares of Amazon stock worth more than $2 billion.
jeff bezos, amazon, stock
208
2024-20-14
Wednesday, 14 February 2024 06:20 AM
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