Adam Levine
Jeff Bezos' sales of Amazon.com shares are over, for now. The Amazon founder sold $1.3 billion worth of stock this week, bringing his November sales to $3.4 billion. Since July, he's sold $5.1 billion of stock.
The sales were part of a prearranged trading plan known as 10b5-1. Like many large shareholders, Bezos regularly files plans to sell shares. These sales were part of a plan that was announced in May, which replaced the previous exhausted one.
The May plan was for Bezos to sell 25 million shares of Amazon by the end of 2025. He beat that deadline by a considerable margin.
On Wednesday, Bezos made his last trade under the plan: 39,538 shares for about $8 million. That brought his total share sales since July to 25 million, and so now the plan is done.
Investors should expect a new plan to be announced soon, maybe at Amazon's next quarterly report.
Amazon declined to comment on the stock sales.
Bezos still owns over a billion shares of Amazon stock with a value of $213 billion.