Jeff Bezos, the executive chair and founder of Amazon, recently cashed out nearly $737 million worth of company stock in a transaction disclosed through a regulatory filing.
The filing, submitted after Tuesday’s market close, reveals that Bezos sold approximately 3.3 million shares totaling $736.7 million. The sales were executed under a 10b5-1 trading plan that Bezos put in place in March.
Following the transaction, Bezos still holds around 905 million shares in the tech behemoth. Last year, he parted with close to $5 billion worth of Amazon stock.
Bezos, 61, tied the knot with journalist Lauren Sanchez during a lavish celebration in Venice on Friday evening, drawing attention from celebrities and media alike.
According to Forbes, Bezos currently holds the position of the fourth-wealthiest individual globally, with an estimated fortune of $234.4 billion.
Bezos has a history of utilizing 10b5-1 trading plans to sell shares. In 2023 alone, he sold off 75 million shares, reaping $13.6 billion from those sales.
Data compiled by Bloomberg shows that since 2002, Bezos has sold a cumulative $44 billion in Amazon shares.
{Matzav.com}