
Jeff Bezos has kicked off his stock sales for the year, offloading nearly $350 million worth of Amazon.com Inc. (AMZN) equity as the company's shares climbed to a record peak.
The divestment was revealed in a Form 4 regulatory filing with the U.S. Securities and Exchange Commission following Wednesday's trading close. The transaction represents a small portion of a larger proposed disposition disclosed two days prior, in which the Amazon founder outlined plans to unload up to 15 million shares valued at more than $4 billion.
The share sale comes on the heels of a historic rally for the e-commerce and cloud giant. Amazon recently joined an elite group of companies crossing the $3 trillion market capitalization threshold, driven largely by accelerated growth and strong quarterly revenue from its cloud-computing unit, Amazon Web Services.
Amazon stock has surged 17.6% this year, pushing Bezos' total net worth up by $38.7 billion to an estimated $292 billion, according to the Bloomberg Billionaires Index.
Jeff Bezos remains Amazon’s largest shareholder by far with an 8.16% stake, valued at $245 billion.
Bezos, 62, has ramped up his sales of Amazon stock in recent years, unloading more than $38 billion in shares since 2020 alone, after previously selling less than $10 billion since Amazon’s 1997 initial public offering, according to Bloomberg. Over the course of nine trading days in 2024, he sold more than $8.5 billion in stock.
According to regulatory filings, he has also donated Amazon shares worth more than $1 billion to charitable organizations since the start of 2025.
Retail sentiment on Stocktwits was ‘extremely bullish’ with ‘extremely high’ message volumes. Retail investors across Stocktwits message boards were wondering if the Amazon chief was looking to sign a deal.
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AMZN stock has gained 18% year-to-date.
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