Bezos Sells Amazon Stock for First Time This Year, Cashing Out Nearly $350 Million
1 hours ago
As Amazon’s stock hit a record high on Monday, founder Jeff Bezos sold Amazon shares worth nearly $350 million in his first sale of the company’s stock this year. The transaction was disclosed in a Form 4 filing released after market close on Wednesday. The billionaire had announced in another filing two days earlier that he planned to sell up to 15 million Amazon shares, valued at over $4 billion, with this latest sale accounting for only a small portion of that plan. Even after the transaction, Bezos remains Amazon’s largest shareholder by a wide margin, holding an 8.16% stake in the company.
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