The latest regulatory document submitted by Amazon to the US Securities and Exchange Commission (SEC) shows that its founder Jeff Bezos plans to sell Amazon shares worth nearly $5 billion.
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.
On July 3rd, the US stock market closed, and Amazon's stock price fell by more than 1%. Since the beginning of this year, the cumulative increase in the company's stock price has exceeded 30%.
After Amazon's stock price rose by over 80% last year, Bezos has sold Amazon stocks worth approximately $8.5 billion in February this year.
According to Forbes Rich List, Bezos currently has a net asset of $213.9 billion, ranking second on the global rich list, only behind Tesla CEO Musk, whose personal net wealth is $228.2 billion.
An investor told a reporter from First Financial that he was curious about which new investments Bezos would use to sell Amazon stocks. Bezos is also the founder of the space company Blue Origin, which sent six astronauts to the edge of space in May this year.
Amazon's cloud business unit, Amazon Technologies (AWS), recently appointed Matt Garman as CEO, a cloud service provider that has also benefited from the wave of artificial intelligence development.
Bezos is not the only tech tycoon to sell company stocks recently. Against the backdrop of soaring stock prices in technology companies, Huang Renxun, founder and CEO of GPU giant Nvidia, has also been continuously selling stocks recently.
According to the latest documents submitted by NVIDIA to the SEC, Huang Renxun recently sold over $29.4 million worth of NVIDIA stocks. According to statistics, Huang Renxun has reduced his holdings of 1.44 million shares in the company in the past three weeks, totaling $184 million. As of March 25th this year, Huang Renxun has accumulated nearly 93.5 million shares of NVIDIA stock, accounting for approximately 3.8% of the company's total outstanding shares.