Jeff Bezos sells nearly 12 million Amazon shares worth at least $2 billion, with more to come
Jeff Bezos has filed a statement with federal regulators indicating his sale of nearly 12 million shares of Amazon stock worth more than $2 billion
By AP News
Published - Feb 11, 2024, 02:03 AM ET
Last Updated - Feb 12, 2024, 11:35 AM EST
SEATTLE (AP) — Jeff Bezos filed a statement with federal regulators indicating his sale of nearly 12 million shares of Amazon (AMZN) 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.
