Jeff Bezos sells nearly 12 million Amazon shares worth at least $2 billion

2024-12-26 11:35:04 source:lotradecoin exchange category:News

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

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.

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.

More:News

Recommend

Fewer U.S. grandparents are taking care of grandchildren, according to new data

Fewer grandparents were living with and taking care of grandchildren, there was a decline in young c

Missile attacks damage a ship in the Red Sea off Yemen’s coast near previous Houthi rebel assaults

DUBAI, United Arab Emirates (AP) — Missile attacks twice damaged a Marshall Islands-flagged, Greek-o

Owner of UK’s Royal Mail says it has accepted a takeover offer from a Czech billionaire

LONDON (AP) — The owner of Britain’s Royal Mail said Wednesday it has accepted a 3.6 billion pound (