Jeff Bezos sells $1.5 billion worth of Amazon shares, now holds stock valued at…
has sold another 6.6 million shares of the company, reports Barrons. According to the report, the sale was disclosed in a filing with Securities and Exchange Commission (SEC). The sold shares are valued around $1.5 billion. The transaction, as per the report, took place on July 21 and 22 – days ahead of Amazon's second-quarter earnings scheduled for July 31. The sale was executed under the prearranged trading plan known as
Rule 10b5-1
.
What is 10b5-1 trading plan under which Jeff Bezos sold shares
Rule 10b5-1 is a regulation from the US SEC that lets insiders at public companies set up a plan to sell their shares ahead of time. Under this rule, major shareholders can schedule the sale of a fixed number of shares at a set time, helping them avoid accusations of insider trading. Many company executives use 10b5-1 plans for this reason.
The rule was introduced to clarify Rule 10b-5, part of the Securities Exchange Act of 1934, which is the main law used to investigate securities fraud.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Indian Investors Are Buying These Dubai Apartments—Here's Why
Binghatti Developers FZE
Explore
Undo
Jeff Bezos plans to sell more Amazon shares
As per Barrons report, the Amazon founder plans to sell more shares in the future. 'Bezos isn't done,' the report says.
Jeff Bezos has been on a
stock selling
spree recently. Earlier this month, he offloaded approximately $737 million worth of Amazon stock. He has sold around $4.8 billion worth of the company's stocks over the past two years.
Bezos still holds 4.6 million shares of Amazon, valued at $1 billion. As revealed in a regulatory filing, the former CEO plans to sell up to 25 million shares through the trading plan "intended to satisfy Rule 10b5-1(c)" that ends on May 29, 2026.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Fibre2Fashion
12 minutes ago
- Fibre2Fashion
North Indian yarn prices steady amid slow demand, US tariff woes
Insights Cotton yarn prices in north India remained stable amid slow demand and payment delays. The US tariff on Indian exports has dampened buyer sentiment, impacting the textile value chain. Delhi and Ludhiana markets saw no change in yarn prices, while Panipat's recycled yarn rates also held steady despite weak demand. Cotton trading remained muted due to limited stocks. To read the full story, become a PRIME member today. All Corporate Members and TexPro Subscribers are eligible to access F2F PRIME CONTENT using the same login credentials. Latest News Insights Latest News Insights Exclusive Industry Articles & Features Exclusive Industry Articles & Features Detailed Article Analytics & Insights Digital Edition of Fibre2Fashion Magazine Digital Edition of Fibre2Fashion Magazine Get notified in your mailbox
Time of India
12 minutes ago
- Time of India
Mindspace Business Parks REIT leases 1.7 million sq ft in Q1, NOI up 24%
Synopsis Mindspace Business Parks REIT leased over 1.7 million sq ft in Q1 FY25 to global and Indian firms for GCCs and data centres across Mumbai, Hyderabad, Pune, and Chennai. It also acquired an 810,000 sq ft Hyderabad office campus for ₹512 crore—its first third-party asset. Net operating income rose 24% to ₹616 crore, and committed occupancy touched 93.7%.
Time of India
12 minutes ago
- Time of India
Indian Oil Corp buys 7 million barrels US, Mideast crude after Russian oil pause: report
Indian Oil Corp (IOC), the country's top refiner, has bought 7 million barrels of September-arrival crude from the United States, Canada and the Middle East via a tender, several trade sources said on Monday. IOC's large spot crude purchase comes after the arbitrage window for U.S. crude to Asia opened and as Indian state refiners paused buying of Russian crude oil on narrowing discounts. U.S. President Donald Trump has warned countries not to purchase oil from Moscow, which is under sanctions over its February 2022 full-scale invasion of Ukraine. IOC bought 4.5 million barrels of U.S. crude, 500,000 barrels of Canada's Western Canadian Select (WCS) and two million barrels of Das oil produced in Abu Dhabi, the sources said. They declined to be named because they were not authorised to speak to the media. The higher-than-normal purchases are partly to replace Russian barrels, two of the sources said. India, the world's third-largest oil importer, is the biggest buyer of seaborne Russian crude. Indian state refiners - IOC, Hindustan Petroleum Corp, Bharat Petroleum Corp and Mangalore Refinery Petrochemical Ltd - had not sought Russian crude in the past week or so, Reuters reported last week. In IOC's tender that closed on Friday, P66 and Equinor will each ship 1 million barrels of U.S. West Texas Intermediate Midland crude while Mercuria will ship 2 million barrels of the same grade, the sources said. Vitol will deliver 1 million barrels of WTI Midland and WCS, they added. Trafigura will deliver 2 million barrels of Das. Prices for the deals were not immediately available. The purchases also came amid additional sanctions by the European Union on the Russian energy trade.
