Jeff Bezos has sold $3.4 billion worth of Amazon stock in November and a total of $5.1 billion since July. These sales were conducted under a pre-arranged 10B51 trading plan, ensuring transparency and compliance. He completed the plan ahead of schedule by selling 25 million shares. Investors are now expecting a new plan to be possibly revealed in Amazon's next quarterly report. Despite the sell-off, Bezos still holds over a billion Amazon shares worth $213 billion.
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00:00Jeff Bezos has wrapped up a massive stock sell-off,
00:03totaling $3.4 billion in November alone.
00:07Since July, his total sales have reached an eye-popping $5.1 billion.
00:12These sales were part of a prearranged 10B51 trading plan,
00:16ensuring transparency and compliance.
00:18Bezos completed the plan ahead of schedule,
00:20hitting his target of 25 million shares sold.
00:23Investors are now anticipating a new plan,
00:26possibly revealed in Amazon's next quarterly report.
00:29Despite these sales, Bezos remains a key player,
00:32still holding over a billion Amazon shares worth $213 billion.