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

February 11, 2024
in USA
Reading Time: 2 mins read
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FILE – Amazon CEO Jeff Bezos speaks on the Amazon re:MARS conference in Las Vegas on June 6, 2019. Bezos filed an announcement with federal regulators indicating his sale of practically 12 million shares of Amazon inventory value greater than $2 billion on Feb. 7, 2024, and Feb. 8.

John Locher/AP

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John Locher/AP

FILE – Amazon CEO Jeff Bezos speaks on the Amazon re:MARS conference in Las Vegas on June 6, 2019. Bezos filed an announcement with federal regulators indicating his sale of practically 12 million shares of Amazon inventory value greater than $2 billion on Feb. 7, 2024, and Feb. 8.

John Locher/AP

SEATTLE — Jeff Bezos filed an announcement with federal regulators indicating his sale of practically 12 million shares of Amazon inventory value greater than $2 billion.

The Amazon government chairman notified the U.S. Securities and Change Fee of the sale of 11,997,698 shares of widespread inventory on Feb. 7 and Feb. 8.

The collective worth of the shares of Amazon, which is predicated in Seattle the place he based the corporate in a storage about three many years in the past, was greater than $2.04 billion, in keeping with the listed worth totals.

Jeff Bezos Built Amazon 27 Years Ago. He Now Steps Down As CEO At Critical Time

The shares had been grouped in 5 blocks between 1 million and greater than 3.2 million.

In a separate SEC submitting, Bezos listed the proposed sale of fifty million Amazon shares round Feb. 7 with an estimated market worth of $8.4 billion.

Bezos stepped down as Amazon’s CEO in 2021 to spend extra time on his different initiatives, together with the rocket firm, Blue Origin, and his philanthropy. His tackle on the inventory filings is listed as Seattle, though he reportedly has relocated to Miami.

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