San Francisco, February 3: Amazon founder Jeff Bezos is planning to sell at least 50 million company shares in the next year, the media reported. According to a filing with the US Securities and Exchange Commission (SEC), Amazon, where Bezos currently serves as executive chair, said its billionaire founder had a trading plan for selling a maximum of 50 million shares. The sales will occur “over a period” ending January 25 of next year “subject to certain conditions,” the filing read, reports Fox Business. Bezos, who recently turned 60, owns nearly one billion shares of Amazon stock. Seven other top Amazon insiders took up trading plans for offloading Amazon shares, according to the SEC filing. However, Bezos’ involved the largest…
Published Date: 2024-02-03
Source: LatestLY
Categories: Business, Investing, Stocks and Bonds, Society, Issues, Home, Personal Finance, Major Companies, Company Information
