Amazon founder Jeff Bezos sold nearly $350 million worth of Amazon shares as the company’s stock hit a record high on Monday, according to a Form 4 filing disclosed after the market close on Wednesday. The transaction marks Bezos’ first sale of Amazon stock this year.
The filing came two days after Bezos said in a separate document that he planned to sell up to 15 million Amazon shares, a plan valued at more than $4 billion. The latest transaction represents only a small portion of that broader sale plan.
Even after the sale, Bezos remains Amazon’s largest shareholder by a wide margin, holding an 8.16% stake in the company. The disclosure adds detail to a previously announced plan and shows that the first tranche of stock has now been sold.
Amazon founder Jeff Bezos sold nearly $350 million worth of Amazon stock as the company’s shares reached a record high on Monday, according to BlockBeats. The sale was his first disposal of Amazon shares this year.
The transaction was disclosed in a Form 4 filing released after the market close on Wednesday.
Two days earlier, Bezos said in a separate filing that he planned to sell up to 15 million Amazon shares, a program valued at more than $4 billion. This latest sale accounts for only a small part of that plan.
After completing the transaction, Bezos still held an 8.16% stake in Amazon, keeping him well ahead as the company’s largest shareholder.
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