Jeff Bezos will offload up to 25 million Amazon shares, according to a new Securities and Exchange Commission (SEC) filing.
Amazon said Friday in its quarterly report filed with the SEC that its billionaire founder adopted a trading plan “intended to satisfy Rule 10b5-1(c)” early last month to part ways with up to that many shares.
The 25 million Amazon shares had a value of over $4.7 billion as of Friday morning.
The plan enables Bezos, who founded Amazon more than three decades ago and serves as the company’s executive chair, to sell the shares “over a period ending on May 29, 2026, subject to certain conditions,” per the quarterly report.
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A separate SEC filing indicated Bezos directly owned over 909.4 million shares of the e-commerce giant as of March 3.
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The Amazon founder has taken up trading plans to sell Amazon shares in various instances in the past.
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Under one of the prior ones he adopted, he shed 50 million shares through multiple rounds of sales over several weeks in February 2024, fetching over $8.5 billion.
Bezos derives a major portion of his 12-figure net worth from his Amazon stake.
The Amazon founder had a personal fortune of $205.4 billion as of Friday morning by Forbes’ measure. With that figure, he ranked as the second-richest person in the world, surpassed only by Tesla CEO Elon Musk.
Bezos is also the owner of The Washington Post and created Blue Origin.
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Original article source: Jeff Bezos to sell nearly $5B of Amazon stock
