Amazon.com Inc. (NASDAQ:AMZN) founder and executive chairman, Jeff Bezos, has continued his selling spree in the company, offloading a fresh tranche of $666 million this week.
Check out the current price of AMZN stock here.
What Happened: According to a Form 4 filing submitted to the U.S. Securities and Exchange Commission on Tuesday, Bezos disposed of roughly 2.97 million shares in the e-commerce giant, across two transactions dated July 3 and July 7, at average prices of $223.73 and $223.92 per share, respectively.
The transactions were executed under a pre-arranged Rule 10b5-1 trading plan adopted in March 2025, which is essentially designed to allow corporate insiders to sell shares at predetermined times and volumes, without raising concerns of insider trading.
Following the transaction, Bezos still holds over 902 million shares in Amazon, or just under 10% of its total outstanding shares, worth $197 billion at current market prices.
This comes just weeks after Bezos tied the knot with long-time partner, Lauren Sánchez, in a star-studded $50 million wedding in Venice two weeks ago.
Why It Matters: Over a week ago, Bezos sold another tranche of the company’s shares, worth $737 million, as part of the same pre-arranged trading plan.
According to a 10-Q filing made in May, Bezos plans to sell shares worth $5 billion in the company, through May of 2026, aimed at funding his space exploration company, Blue Origin, alongside other ventures and charitable organizations.
Bezos’ net worth currently stands at $240 billion, according to the Bloomberg Billionaires Index, with his holdings in Amazon making up a significant chunk of it. The rest comes from his ownership of Blue Origin, which has been marked on a cost-of-investment basis.
Price Action: Shares of Amazon were down 1.84% on Tuesday, trading at $219.36, and are up 0.13% after hours.
According to Benzinga’s Edge Stock Rankings, the stock scores well on Growth, ranked at the 96th percentile, and has a favorable price trend in the short, medium and long terms. Click here for deeper insights into the stock.
Photo Courtesy: Lev Radin on Shutterstock.com
Read More:
