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Jeff Bezos discloses plan to sell up to $4.8 billion in Amazon stock
CNBC· 2025-05-02 16:54
Core Points - Jeff Bezos plans to sell up to 25 million shares of Amazon over the next year, valued at approximately $4.8 billion at current prices [2] - The share sale is part of a trading plan initiated on March 4, following Amazon's first-quarter earnings report which showed profits and revenue exceeding estimates, but a forecast for operating income below Wall Street expectations [2] - Bezos previously sold about $13.5 billion worth of Amazon shares last year, marking his first stock sale since stepping down as CEO in 2021 [3] Company Developments - Since stepping down as CEO, Bezos has focused more on his space exploration company, Blue Origin, and his $10 billion climate and biodiversity fund [4] - The funds from Amazon share sales have been utilized to support Blue Origin and the Day One Fund, aimed at providing education in low-income communities and addressing homelessness [4] Market Context - Amazon is facing uncertainty due to new tariffs proposed by the Trump administration, which has led to direct communication between Trump and Bezos regarding Amazon's plans to inform shoppers about tariff costs [3]
Tesla board chair Robyn Denholm sells $32M in stock — bringing total sold to more than $150M
New York Post· 2025-04-30 16:49
Core Viewpoint - Tesla's board chairwoman Robyn Denholm has sold a significant amount of stock amid controversies surrounding Elon Musk's connections with the Trump administration, raising questions about her future at the company [1][2]. Group 1: Stock Sales and Ownership - Denholm sold 112,390 shares of Tesla for over $32 million, bringing her total sales since December to more than $150 million [1][2]. - After the recent sales, Denholm retains approximately 85,000 shares and has 300,440 stock options expiring at the end of the year [2]. Group 2: Speculation and Reactions - Speculation has arisen regarding Denholm's future at Tesla, with some suggesting she is liquidating her stake [2]. - Investor Larry Goldberg countered this speculation, suggesting that Denholm is likely exercising expiring share options while selling a portion to cover taxes [2]. Group 3: Compensation and Criticism - Denholm is the highest-paid chair of a US public company, having received over $680 million in cash and stock since joining the board in 2014 [4][5]. - Last year, Denholm and other board members faced criticism from a Delaware judge for approving an excessive pay package for Musk, which contributed to Musk's decision to move Tesla's state of incorporation to Texas [5]. Group 4: Company Performance and Challenges - Tesla is experiencing significant challenges, including a 13% drop in vehicle deliveries and a 71% decline in net income, exacerbated by vandalism and arson attacks on its dealerships [8]. - Since the beginning of the year, Tesla's shares have decreased in value by over 25% [9].