① At the beginning of February this year, after Amazon revealed its founder Bezos' holdings reduction plan, Bezos quickly sold 50 million shares within 9 trading days, cashing out nearly 8.5 billion US dollars; ② Since Bezos stepped down as Amazon CEO in May 2021, he has never reduced his holdings of Amazon shares, but this time it's against the norm.
Finance Association, Feb. 21 (Editor Liu Rui) At the beginning of February this year, after Amazon just revealed that its founder plans to reduce its Amazon stock holdings by 50 million shares, Bezos quickly sold these 50 million shares within 9 trading days, cashing out a total of nearly 8.5 billion US dollars.
On Tuesday EST, a document submitted to the US Securities Regulatory Commission shows that from last Thursday to this Tuesday, Bezos sold Amazon shares several times, and sold a total of about 14 million Amazon shares at a total price of about 2.37 billion US dollars.
According to the three documents released earlier, Bezos also sold 12 million shares three times from last Tuesday to last Wednesday (February 13-14), last Friday to last Monday (February 9 and 12), and February 7 to 8, respectively, and cashed out about 2 billion US dollars each time.
This means that after announcing its holdings reduction plan, Bezos quickly completed the sell-off within 9 trading days, cashing out a total of 8.5 billion US dollars.
Since Bezos stepped down as CEO of Amazon in May 2021, he has never reduced his stock holdings in Amazon, but this time it's against the norm.
In November of last year, Bezos announced that he would leave Seattle and move to Miami to be closer to his fiancee Lauren Sanchez, his parents, and Blue Origin's business.
Since then, he has begun to cash out stocks: according to documents, Bezos first determined this pre-arranged holdings reduction plan in November of last year and disclosed it at the beginning of this month. According to this plan, Bezos can reduce its Amazon stock holdings by up to 50 million shares by January 31, 2025. However, he did not publicly give a reason for the reduction in his holdings.
Documents show that after this round of holdings reduction, Bezos still holds about 938 million Amazon shares in his hands. Based on the closing price this Tuesday, these stocks are worth around $156.646 billion. According to the Bloomberg Billionaires Index, Bezos' net worth is $191.3 billion.
Amazon's stock price increased by a cumulative total of 80.88% last year, and has risen 9.96% since the beginning of this year. Currently, the total market value has reached 1.73 trillion US dollars.
Editor/Somer