Amazon founder Jeff Bezos's share sale plan has begun to be implemented.
According to documents updated by the US Securities and Exchange Commission (SEC) on July 5th local time, on July 2nd and 3rd, Bezos sold a total of 1.664886 million Amazon shares in two separate transactions, cashing out a total of 333.1 million US dollars, approximately 2.4 billion yuan.
According to regulatory documents previously submitted by Amazon to the US Securities and Exchange Commission, Bezos plans to sell nearly $5 billion worth of Amazon shares this time. Bezos plans to sell 25 million shares of Amazon stock this time, and after the sale plan is implemented, he will still own over 900 million shares of Amazon stock, accounting for 8.8% of the company's issued shares.
It is worth noting that in February of this year, Bezos had sold Amazon stocks worth approximately $8.5 billion.
According to Wind data, as of the close of the US stock market on July 5th, Amazon's stock price has risen by 1.22%; Since the beginning of this year, the cumulative increase in the company's stock price has reached 31.63%.
Source: Wind