Jeff Bezos just filed to sell $4 billion in Amazon. The shares are falling
The filing came after Amazon climbed to an all-time high on Monday, extending gains sparked by last week's quarterly results.
Jeff Bezos, the CEO of Amazon, recently filed a plan to sell approximately 15 million shares of the company's stock, valued at around $4.1 billion. This announcement came after Amazon's shares reached a record high following a stronger-than-expected earnings report. Despite this positive news, Amazon's stock price dropped more than 2% on Tuesday following the filing, as reported by Morgan Stanley.
The shares were sold through a Rule 10b5-1 trading plan, which was adopted on November 14, 2025. The filing was made to the Securities and Exchange Commission, and it revealed that Bezos acquired the shares as founder stock in 1994. Bezos has been selling Amazon stock regularly in recent years, typically through prearranged trading plans, while still being one of the company's largest shareholders.
Additionally, Bezos donated 220,200 shares to nonprofit organizations in May, which were likely sold during the preceding three months.
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