The founder and former CEO of Amazon, Jeff Bezos, intends to sell up to 25 million shares in the technological company in the next year.
The action was worth around $ 4.7 billion depending on Friday morning negotiation levels. Even if he reaches the top of the projected range and sells the 25 million shares, Bezos would always hold more than a billion shares in Amazon and would have a personal fortune estimated at more than $ 200 billion.
Although the sale of shares is a financial transaction of the routine company, each move that Bezos recently has generated a meticulous examination recently. Earlier this week, he was at the center of a storm of the White House. President Trump said he had called Bezos directly to complain about a reported plan considered by Amazon to indicate the exact cost of the prices on his website. Even if Bezos is less involved in the daily operation of the technology giant, within hours of Trump’s call, Amazon publicly minimized the potential plan to list the prices before abandoning it completely.
In 2021, Bezos became executive president of Amazon, passing CEO Baton to Andy Jassy.
The sale of stocks, which was disclosed in a brief note at the end of a deposit of 50 dry pages, will occur in a 10B5-1 (C) negotiation plan. The initiates of a company use the plan to sell shares when the predefined conditions are met around the price or the volume of negotiation, or to execute transactions without benefiting from privileged information.
Bezos announced its sales plan on March 4, said the file. Three other members of the Amazon board of directors also said that they planned to sell a smaller number of shares, worth around 3.5 million dollars combined on Friday.
Last year, Bezos used the 10B5-1 (C) plan to sell 75 million shares, collecting $ 13.6 billion.
