Amazon founder and billionaire Jeff Bezos has announced plans to sell 25 million shares of the company as part of a pre-arranged trading plan set to conclude by May 29, 2026.
The company disclosed this information in a filing with the U.S. Securities and Exchange Commission (SEC), the federal agency responsible for overseeing and regulating the American securities market, “Caspian Energy Media” reports, citing Bloomberg.
At Amazon’s current stock price, the sale would amount to approximately $4.8 billion. Although Bezos stepped down as the company’s CEO in 2021, he remains its largest shareholder.
The upcoming transaction follows a previous sale last year, when Bezos sold Amazon shares worth around $13.5 billion — his first major divestment since leaving the executive role at the company.
