Ft: 'Bezos will sell up to 4.7 billion Amazon shares'
According to Amazon's latest quarterly report, the sales plan was launched at the beginning of March
1' min read
1' min read
Amazon founder Jeff Bezos plans to sell shares in the company worth up to $4.75 billion over the next 12 months, according to the Financial Times, which cites documents filed with regulators. Bezos, who stepped down as ceo of the Seattle-based giant in mid-2021, intends to sell up to 25 million shares through an orderly sale plan that will run until the end of May 2026. At yesterday's closing price of $190 per share, the stake in question is worth about $4.75 billion.
According to Amazon's latest quarterly report, the sales plan was launched in early March. The news came just hours after Amazon issued a warning about the impact of Donald Trump's global trade war, predicting that net sales and operating profits could fall short of Wall Street estimates.
