Core Points - Jeff Bezos plans to sell up to 25 million shares of Amazon stock, valued at approximately $4.75 billion, by May 2026 as part of a trading plan initiated in March [1] - This marks the latest in a series of significant stock sell-offs by Bezos, who has sold a total of around 100 million shares over the past year [2][3] - As of November, Bezos still holds over 926 million shares, representing just under 9% of Amazon's total stock [3] Company Actions - Bezos's recent stock sales are intended to fund his space venture, Blue Origin [3] - The disclosure of the planned stock sale followed Amazon's latest earnings call, where CEO Andy Jassy expressed optimism about maintaining low prices despite tariff challenges [4] Historical Context - In July 2023, Bezos filed a plan to sell 25 million shares worth around $5 billion after Amazon's stock reached an all-time high [2] - In February 2024, he sold 50 million shares valued at approximately $8.5 billion, along with smaller sales totaling 1.1 million shares worth around $117 million in May 2024 [2]
Jeff Bezos plans to sell billions in Amazon stock over the next 12 months