Jeff Bezos sells nearly 12 million Amazon shares worth at least $2 billion, with more to come
The Hindu
Jeff Bezos, former Amazon CEO, sells nearly 12 million shares worth over $2 billion, plans to sell 50 million more.
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.
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The stocks were grouped in five blocks between 1 million and more than 3.2 million.
In a separate SEC filing, Mr. Bezos listed the proposed sale of 50 million Amazon shares around Feb. 7 with an estimated market value of $8.4 billion.
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