Jeff Bezos
MGN via Anthony Nelson Jr. / U.S. Air Force
SEATTLE (NEWSnet/AP) — Jeff Bezos filed a statement with federal regulators indicating his sale of nearly 12 million shares of Amazon stock worth more than $2 billion.
The Amazon executive chairman notified U.S. Securities and Exchange Commission of the transaction on Feb. 7 and Feb. 8.
The collective value of the shares of Amazon was more than $2.04 billion, according to the listed price totals.
The stocks were grouped in five blocks from 1 million to more than 3.2 million.
In a separate SEC filing, Bezos listed the proposed sale of 50 million Amazon shares on or near Feb. 7 with an estimated market value of $8.4 billion.
Bezos resigned as Amazaon’s CEO in 2021 to spend more time on other projects, including rocket company Blue Origin and his philanthropy.
His address on the stock filings is listed as Seattle, although he reportedly has relocated to Miami.
Bezos founded Amazon in 1994.
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