Jeff Bezos, Amazon
Lindsey Wasson | Reuters
The series of sales began on Jan. 31, the filings show, and continued through Feb. 3, and were executed under a pre-arranged trading plan. In total, Bezos sold 905,456 shares in the company for $1.84 billion, according to the filings.
The sale disclosure comes as Amazon’s closing price vaulted the company’s market capitalization over $1 trillion, a mark that it first touched in intraday trading in 2018. The company re-joins fellow tech giants Apple, Microsoft and Google parent company Alphabet, all of which have topped the trillion-dollar mark in recent days.
Bezos made similarly massive sales of Amazon stock in 2019 and 2017, and has said he sells at least $1 billion of Amazon stock a year to fund his rocket startup, Blue Origin.