Amazon founder Jeff Bezos plans to sell $5B worth of shares following record-high stock.
Amazon founder and executive chair Jeff Bezos plans to sell around $5 billion worth of Amazon shares, following the company's stock hitting a record high. The proposed sale of 25 million shares was revealed in a regulatory filing. Bezos would still own approximately 912 million shares, or 8.8% of the outstanding stock, after the planned sale. This year, Bezos has sold shares worth about $13.5 billion.
July 03, 2024
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