Tags: jeff bezos | amazon | stock | sell

Jeff Bezos Sells Amazon Stock Worth $2.8B Last Week

Jeff Bezos Sells Amazon Stock Worth $2.8B Last Week
(David McNew/Getty Images)

Tuesday, 06 August 2019 08:09 AM

Amazon.com Inc. Chief Executive Officer Jeff Bezos offloaded $990 million worth of shares in the company last Thursday and Friday, taking the total value of shares sold last week to $2.8 billion.

In the last three days of July, Bezos has sold stock worth about $1.8 billion, regulatory filings with the Securities and Exchange Commission showed.

Amazon (AMZN) declined to comment on Bezos' stock sale.

The move comes as part of a previously announced 10b5-1 trading plan. Bezos had previously said he plans to sell stock worth about $1 billion each year to fund his rocket company, Blue Origin.

Bezos' former wife, Mackenzie Bezos, who currently owns Amazon stake worth more than $37 billion, is now the online retailer's second largest individual shareholder. 

© 2019 Thomson/Reuters. All rights reserved.

   
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Amazon.com Inc Chief Executive Officer Jeff Bezos offloaded $990 million worth of shares in the company last Thursday and Friday, taking the total value of shares sold last week to $2.8 billion.
jeff bezos, amazon, stock, sell
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2019-09-06
Tuesday, 06 August 2019 08:09 AM
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