SEATTLE (AP) — Jeff Bezos filed a press release with federal regulators indicating his sale of practically 12 million shares of Amazon inventory value greater than $2 billion.
The Amazon government chairman notified the U.S. Securities and Alternate Fee of the sale of 11,997,698 shares of widespread inventory on Feb. 7 and Feb. 8.
The collective worth of the shares of Amazon, which relies in Seattle the place he based the corporate in a storage about three many years in the past, was greater than $2.04 billion, in accordance with the listed worth totals.
The shares have been grouped in 5 blocks between 1 million and greater than 3.2 million.
In a separate SEC submitting, Bezos listed the proposed sale of fifty million Amazon shares round Feb. 7 with an estimated market worth of $8.4 billion.
Bezos stepped down as Amazon’s CEO in 2021 to spend extra time on his different initiatives, together with the rocket firm, Blue Origin, and his philanthropy. His deal with on the inventory filings is listed as Seattle, though he reportedly has relocated to Miami.
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