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.
WATCH: July 15 — Protesters gather outside Jeff Bezos’ NYC apartment to speak out against ‘abusive’ working conditions
Amazon declined to comment on Bezos’ stock sale.
The move comes as part of a previously announced 10b5-1 trading plan.
Get breaking National news
READ MORE: Amazon workers in United States, Germany go on strike on Prime Day
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.
-
![]()
Hezbollah leader calls device attacks ‘war crimes’ as Israel escalates attacks on Lebanon -
![]()
French woman at centre of mass rape case denounces husband, calls suspects “degenerates” -
![]()
Booby-trapped two-way radios used in 2nd round of deadly coordinated attacks in Lebanon -
![]()
Portugal wildfires: Emergency services pushed to limit as reinforcements arrive
Comments