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International Business Times UK

Business

Niloy Chakrabarti

Jeff Bezos Sells 16.35M Amazon Shares Worth £2.41B as Blue Origin Gears up for New Glenn Launch

Jeff Bezos Amazon Blue Origin Amazon.com Inc. SEC Earth Florida

Bezos is reportedly bankrolling Blue Origin projects.

According to Form 4 filings with the US Securities and Exchange Commission (SEC), Amazon (NASDAQ: AMZN) founder Jeff Bezos offloaded 16.35 million company shares with an aggregate market value of £2.41 billion ($3.048 billion) between 1st and 13th November 2024.

Bezos notified the SEC of the massive Amazon share sale on 1st November via a Form 144 filing. Morgan Stanley facilitated the stock dump, which involved over two dozen trades under a Rule 10b5-1 trading plan Bezos determined on 2nd March 2024.

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