Jeff Bezos, the founder and executive chairman of Amazon (AMZN), has sold $1.50 billion U.S. of company stock.
Bezos offloaded 6.6 million shares of Amazon stock worth $1.50 billion U.S. on July 21 and 22.
The stock sales occurred before Amazon is due to announce its second-quarter financial results on July 31.
The sale was disclosed in a filing with the U.S. Securities and Exchange Commission (SEC).
The latest move brings Bezos’ stock sales in 2024 and 2025 to a total of 95 million shares for net proceeds of $18.20 billion U.S.
The former CEO of Amazon made the stock sales through a 10b5-1 trading plan that automatically executes trades when preset conditions such as price and timing are met.
Such plans remove the appearance that company insiders might benefit from access to non-public information.
Despite the huge amount of stock sold, Bezos doesn’t appear to be done yet. Under his current 10b5-1 plan, he has another 4.6 million shares worth $1 billion U.S. left to sell.
However, even after all the stock in the current plan is sold, Bezos still owns over a billion shares of Amazon, worth $232 billion U.S.
Bezos, who currently serves as chair of Amazon’s board of directors, also gifts a lot of Amazon stock to charities.
In 2024 and 2025, Bezos gave 4.5 million shares worth about $1 billion U.S. to various charities around the world.
AMZN stock has risen 5% this year to trade at $232.23 U.S. per share.
