By Micheal Chukwuebuka, Reporting
AMAZON executive chairman, Jeff Bezos, has filed a statement with federal regulators indicating his sale of nearly 12 million shares of Amazon stock worth more than $2 billion.
Bezos notified the U.S. Securities and Exchange Commission of the sale of 11,997,698 shares of common stock on February 7 and February 8.
According to our source, NBC News, the collective value of the shares of Amazon, which is based in Seattle where he founded the company in a garage about three decades ago, was more than $2.04 billion.
Stonix News gathered that the stocks were grouped in five blocks between 1 million and more than 3.2 million.
Also, in a separate SEC filing, Bezos listed the proposed sale of 50 million Amazon shares around Feb. 7 with an estimated market value of $8.6 billion.
Recall that Bezos stepped down as Amazon’s CEO in 2021 to spend time on his other projects, including the rocket company, Blue Origin, and his philanthropy.
Although he reportedly has relocated to Miami, his address on the stock filings is listed as Seattle.
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