(Reuters) – Amazon.com Inc (O:) Chief Government Officer Jeff Bezos offloaded $990 million value of shares within the firm final Thursday and Friday, taking the full worth of shares offered final week to $2.eight billion.
Within the final three days of July, Bezos has offered inventory value about $1.eight billion, regulatory filings https://www.sec.gov/Archives/edgar/knowledge/1018724/000101872419000083/xslF345X03/wf-form4_156504082729937.xml with the Securities and Change Fee confirmed.
Amazon declined to touch upon Bezos’ inventory sale.
The transfer comes as a part of a beforehand introduced 10b5-1 buying and selling plan. Bezos had beforehand mentioned he plans to promote inventory value about $1 billion every year to fund his rocket firm, Blue Origin.
Bezos’ former spouse, Mackenzie Bezos, who presently owns Amazon stake value greater than $37 billion, is now the net retailer’s second largest particular person shareholder.
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