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Jeff Bezos filed a statement with federal regulators indicating his sale of nearly 12 million shares of Amazon shares valued at more than 2 billion dollars.
Amazon’s CEO notified the U.S. Securities and Exchange Commission of the sale of 11,997,698 common shares on February 7 and 8.
The collective value of shares of Amazon, based in Seattle, where he founded the company in a garage about three decades ago, was more than $2.04 billion, based on total quoted prices.
The shares were grouped into five blocks of between 1 million and more than 3.2 million.
In a separate filing with the SEC, Bezos listed the proposed sale of 50 million Amazon shares around February 7 with an estimated market value of $8.4 billion.
Bezos stepped down as Amazon CEO in 2021 to devote more time to his other projects, including rocket company Blue Origin and his philanthropy. His address on stock filings is listed as Seattle, although he reportedly moved to Miami.