Jeff Bezos submitted a report to government regulators disclosing his transaction of approximately 12 million Amazon stock shares valued at over $2 billion.
On February 7th and 8th, the chairman of Amazon informed the U.S. Securities and Exchange Commission that they sold 11,997,698 shares of common stock.
The combined worth of Amazon’s stocks, originating from its founder’s garage in Seattle over 30 years ago, was recorded at over $2.04 billion based on current market prices.
The stocks were divided into five segments ranging from 1 million to over 3.2 million.
In a separate filing with the SEC, Bezos disclosed plans to sell 50 million shares of Amazon around February 7th, which have an estimated market value of $8.4 billion.
In 2021, Bezos resigned from his position as CEO of Amazon in order to focus on his other ventures, such as Blue Origin, a rocket company, and his charitable efforts. While his official address on stock filings remains Seattle, there are reports that he has moved to Miami.