SEATTLE, WA – Former Amazon CEO Jeff Bezos has filed a statement with federal regulators, revealing his sale of nearly 12 million shares of Amazon stock, totaling over $2 billion in value. The sale, which took place on February 7 and 8, was disclosed to the U.S. Securities and Exchange Commission.
The value of the shares exceeded $2.04 billion, as reported by the listed price totals. The shares were sold in five blocks, ranging from 1 million to over 3.2 million shares per block.
In a separate filing with the SEC, Bezos also listed the proposed sale of 50 million Amazon shares around February 7, with an estimated market value of $8.4 billion.
Bezos, who stepped down as Amazon’s CEO in 2021, has since focused on other projects, including his rocket company, Blue Origin, and his philanthropic endeavors. Despite listing his address on the stock filings as Seattle, it has been reported that he has relocated to Miami.
Bezos founded Amazon in a garage in Seattle over three decades ago, and his decision to sell a substantial number of shares has garnered attention in the business world. It is also a reflection of his shifting focus and priorities since stepping down as CEO.
The sale of such a large number of shares raises questions about how Bezos will allocate the proceeds and underscores the evolving nature of his involvement in various ventures beyond Amazon.