Core Viewpoint - Jeff Bezos sold over 3.3 million shares of Amazon stock, valued at approximately $736.7 million, marking his first sale of the year [2][3]. Group 1: Stock Sale Details - The stock sale is part of a 10b5-1 trading plan initiated by Bezos in March, which allows company insiders to sell shares at predetermined times without violating insider trading rules [3][4]. - Bezos plans to sell a total of 25 million shares of Amazon stock by May 29, 2026, under this trading plan [5]. - After this sale, Bezos retains approximately 905 million shares of Amazon, remaining the largest individual shareholder [6]. Group 2: Market Impact and Personal Context - On the day of the sale, Amazon's stock price experienced a slight increase, despite earlier fluctuations due to U.S. tariff policies [6]. - Bezos, who stepped down as Amazon's CEO in 2021 but continues as chairman, has been regularly selling company stock in recent years [7]. - He has indicated plans to sell around $1 billion worth of Amazon stock annually to fund his space exploration company, Blue Origin, and to donate shares to his nonprofit organization, Day 1 Academies [8].
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