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Time of India
a day ago
- Business
- Time of India
Jeff Bezos made $735 million off Wall Street during his wedding, but the real story is still unfolding
Most couples head into marriage with hearts full of love and honeymoon plans, but had another companion on his wedding day—Wall Street. On June 27, 2025, while exchanging vows with media personality Lauren Sánchez aboard his luxury superyacht Koru off Italy's Amalfi Coast, Bezos sold more than 3.3 million Amazon shares, netting $735 million, according to Fortune's review of SEC filings. Tired of too many ads? go ad free now The sales didn't stop there. In the weeks following the wedding, the Amazon founder continued offloading stock, ultimately liquidating shares worth $5.7 billion between late June and late July, capitalising on Amazon's rising stock prices. Jeff Bezos wedding celebrations coincide with one of his biggest Amazon stock liquidations The wedding celebrations were marked by opulence, a yacht worth half a billion dollars, celebrity guests, and stunning Mediterranean scenery. Yet, alongside champagne toasts and romantic moments, Bezos was executing one of his largest stock selloffs in recent history. On the day of the wedding, shares were sold between $221 and $223. By July 24, 2025, Bezos had sold over 24 million shares, benefiting from Amazon's stock price surge beyond $233. Despite the massive liquidation, Bezos still holds 884 million Amazon shares, preserving his status as the company's largest individual shareholder and cementing his rank as the world's third-richest person, with an estimated net worth of $252 billion as reported by Bloomberg Billionaires Index. Jeff Bezos uses planned stock sales to avoid insider trading issues The selloff was not impulsive but executed under the SEC's Rule 10b5-1, which allows corporate executives to schedule share trades in advance. This system ensures trades are conducted at arm's length, reducing the risk of accusations related to insider trading. Other tech leaders, such as Alphabet CEO Sundar Pichai, have adopted similar trading frameworks. For Bezos, this reflects a strategic wealth management approach, balancing liquidity needs, market timing, and public perception while maintaining confidence in Amazon's long-term performance. Tired of too many ads? go ad free now Beyond wealth management, Bezos also made substantial charitable contributions. According to a Form 144 filing dated June 27, he donated 633,812 Amazon shares across May and June to undisclosed nonprofit organizations. This low-profile philanthropic move aligns with Bezos's stated goal of giving away most of his fortune over his lifetime. While he has not signed The Giving Pledge, as reported to CNN in 2022:'We are building the capacity to be able to give away this money.' These donations highlight Bezos's evolving focus on philanthropy, emphasizing capacity-building for impactful giving rather than publicized gestures. Jeff Bezos balances love, wealth, and giving Jeff Bezos's wedding week encapsulated three key elements of billionaire life—personal milestones, financial strategy, and social impact. By combining a lavish wedding with a preplanned stock selloff and discreet charitable donations, Bezos demonstrated how high-net-worth individuals manage liquidity events without alarming investors or drawing controversy. With Amazon stock surging, philanthropic commitments growing, and his wealth firmly intact, Bezos continues to influence global business, technology, and now even high-profile personal finance strategies. Also Read |
Business Insider
18-07-2025
- Business
- Business Insider
ACHR Stock Recovers 10% in 5 Days as Investors Refocus on Growth after CFO Exit
Shares of Archer Aviation (ACHR) climbed 7.4% to $12.09 in yesterday's trading session and are up more than 10% over the past five trading days. The move comes after a brief pullback last week, when the company announced that Chief Financial Officer Mark Mesler had formally resigned. That announcement initially sent the stock down 2.5% to $10.51, but investor sentiment appears to have quickly stabilized. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Why Archer Aviation Shares Recovered Several developments may have contributed to the stock's recovery. First, Archer Aviation confirmed that Priya Gupta, who has been serving as acting CFO since September 2024, will remain in the role. The leadership transition had already been in place for months, reducing the perceived risk of disruption. Gupta's continuation in the position likely reassured investors focused on financial continuity and upcoming commercialization plans. Second, analysts have remained upbeat. Archer Aviation currently holds a 'Moderate Buy' consensus based on six recent analyst ratings. Canaccord Genuity and Cantor Fitzgerald both reiterated their $13 price targets this week, while H.C. Wainwright maintained its $18 forecast. Institutional activity also played a role. ARK Invest sold shares of Archer Aviation across its exchange-traded funds on the same day as the resignation announcement, but the sale was part of a broader portfolio rebalance. ARK still holds a position in the company, although it has been gradually reducing exposure in recent months. Market reaction suggests that investors viewed the sale as mechanical rather than a negative signal. Meanwhile, a Form 144 filed this week disclosed that the exiting CFO, Mark Mesler, intends to sell over 165,000 shares, following a vesting event tied to compensation. The company also entered into a transition agreement with Mesler, which included a cash payout and accelerated vesting of certain restricted stock units. Despite the brief volatility, Archer Aviation has regained upward momentum. The stock is now trading above both its pre-resignation level and its average 12-month price target, as investors look ahead to operational milestones and leadership continuity under Gupta. Is Archer Aviation Stock a Good Buy? an average 12-month price target of $11.75. This implies a 2.81% downside from the current price.
Yahoo
05-06-2025
- Business
- Yahoo
Nvidia (NVDA) Director Sells Over 1 Million Shares, Generating $150 Million
Nvidia (NVDA, Financials) director Mark Stevens sold more than 1 million shares this week, bringing in nearly $150 million from two transactions on Monday and Tuesday, according to a Securities and Exchange Commission filing. Those sales are part of a broader plan disclosed Monday to sell up to 4 million Nvidia sharesworth about $550 million at the timeunder a proposed 10b5-1 program. Analysts have noted that Stevens's disposals represent the largest individual trade outside of Chief Executive Officer Jensen Huang's planned sales. Warning! GuruFocus has detected 4 Warning Signs with NVDA. Revenue rose to $44.1 billion in the fiscal first quarter, up 69 percent from a year earlier and topping the $41.8 billion consensus forecast, according to Nvidia's earnings release. The company expects current-period revenue of about $45 billion, which runs through July. Nvidia shares have rallied nearly 50 percent since hitting a year-to-date low on April 4, the day after President Donald Trump announced new tariff measures. The rebound reflects renewed confidence in sustained demand for AI chips in data centers. Stevens's sales came from shares held by Third Millennium Trust, of which he and his wife serve as trustees. He first registered to sell 3 million shares on a Form 144 filing in September of last year but ultimately sold less than 500,000 shares over a series of transactions. His net worth stands at $9.8 billion, according to the Bloomberg Billionaires Index, the majority of which comes from his Nvidia holdings. Nvidia did not comment on the sale, and Stevens could not be reached for comment. Other insiders have also put shares on the block. Chief Executive Officer Jensen Huang adopted a new 10b5-1 plan on March 20 to sell 6 million shares by year-end, representing about $850 million at current prices. Chief Financial Officer Colette Kress initiated a plan to sell 500,000 sharesvalued at more than $70 million as of Wednesdayby March 24, 2026. Board member Brooke Seawell adopted a plan in March to sell roughly 1.1 million shares. Insider share sales at Nvidia exceeded $2 billion last year, but 2025 had seen only about $30 million before Stevens's $150 million sale, according to Washington Service data. The sales coincide with Nvidia's strong first-quarter results and bullish forward guidance. Investors will watch for potential signs of slowing enterprise AI spending as trade policies evolve. Analysts also note that continued insider selling could temper upside, even as robust demand for GPUs remains. Upcoming catalysts include Nvidia's mid-year developer conference and any new commentary on AI chip supply constraints in China. This article first appeared on GuruFocus.
Time of India
02-06-2025
- Automotive
- Time of India
Tesla board members dump nearly $200 million in shares just before robotaxi launch – should investors worry?
Tesla's insiders have raised concerns among investors as two board of directors members of the EV giant have sold almost $200 million in stock, just a few weeks before the launch of the company's highly anticipated robotaxi in Texas, as per a report. Details of Tesla's Insider Sales The two board members are; Ira Ehrenpreis , who is the founder of venture capital firm DBL Partners, and Kimbal Musk , who is the brother of Tesla CEO Elon Musk and a long-time board member, have recently sold some of their Tesla stocks, reported Benzinga. ALSO READ: A growing crisis: Household goods are becoming too expensive, and Americans are feeling the pinch Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like If You Eat Ginger Everyday for 1 Month This is What Happens Tips and Tricks Undo Sales Were Pre-Planned Under Rule 10b5-1 While, both of their sales were under Rule 10b5-1 plans , which are pre-approved and based on provisions such as time and/or the price of the stock, according to the report. Ehrenpreis filed Form 144 for the sale of 477,572 Tesla shares worth about $162.1 million and even Kimbal filed Form 144 for the sale of 91,588 Tesla shares worth about $31.1 million, reported Benzinga. Live Events According to an Electrek report, Ehrenpreis' term on the Tesla board will end this year and the sale of his stocks might have been a way of exiting his position. Why the Timing Still Feels Off Ehrenpreis' Rule 10b5-1 plan was adopted in December 2024 and Kimbal's was adopted in July 2024, as reported by Benzinga. According to the report, the Rule 10b5-1 plan is less than a year old and might have been put into place based on the timeline of current and future Tesla catalysts, including the launch of robotaxis in Texas. As per the Electrek report, "The timing of the sales ahead of the robotaxi launch could instil less confidence in investors." FAQs Why are Tesla board members selling stock now? They sold stock under pre-planned agreements, but the timing, right before a major product launch, has made some investors uneasy. Who sold Tesla stock recently? Ira Ehrenpreis and Kimbal Musk, both members of Tesla's board, sold nearly $200 million worth of shares, as per Benzinga report.
Yahoo
30-05-2025
- Business
- Yahoo
Elon Musk's little brother and one other Tesla board director sell stock worth nearly $200 million
Ira Ehrenpreis, chair of Tesla's compensation committee, and Kimbal Musk liquidated all the stock they converted from call options on Tuesday, in transactions that yielded $162 million and $31 million respectively. Tesla insiders' frequent stock sales have been a source of frustration for shareholders in recent months. Two major Tesla insiders have exercised tens of millions of dollars worth of stock options, pocketing the cash rather than holding on to the shares like CEO Elon Musk. On Tuesday, the company published SEC filings proposing the sale of securities under trading plans by members of the board of directors estimated to be worth nearly $200 million. All stock converted from options were subsequently sold within that very same day. While in past months most stock sales have stemmed from board chair Robyn Denholm, this time it was Musk confidante Ira Ehrenpreis, who sold over 477,500 shares worth $162 million, according to a Form 144. Ehrenpreis is one of Tesla's longest serving directors, having joined the board 18 years ago. He chairs the compensation committee tasked with proposing to shareholders a new pay package for their CEO. The other director to cash out is Kimbal Musk, the CEO's younger brother. His 144 indicated nearly 91,600 shares were liquidated to yield a little over $31 million. The Musk sibling, who doesn't sit in any board committee because he is not officially independent, had last sold a substantial amount of Tesla stock in early February. The sales have prompted controversy, especially when they were conducted during a time when the stock was already under pressure, such as when James Murdoch liquidated some of his shares. By comparison, CEO Elon Musk continues to hold on to all of his stock, having sold most recently in late 2022 around the time he was acquiring Twitter. Importantly, Tuesday's transactions are no indication of concern over the current quarter as the timing was not of their own volition. The trades were executed under separate 10b5-1 plans arranged last year by Ehrenpreis and Musk. Tesla directors weren't the only ones selling shares in the EV maker. Cathie Wood, a Tesla bull with a $2,600 long-term price target, offloaded 27,377 shares in Tesla from her funds at ARK Invest. The timing proved highly advantageous. The stock has rallied by more than 50% since April 22's first-quarter earnings, when Musk pledged to dial back his time commitments with President Trump. Tesla's last closing price of $362.89 implies investors are willing to pay 125 times next year's consensus earnings to own stock. On Tuesday, when the trades were executed, the stock soared 6.9% with reports attributing the gains to comments from Musk stating he would now be devoting all his waking time to his business interests rather than invest further time in politics. In an interview, the Tesla CEO further cemented perceptions that his time in Washington was all but done after lamenting his Republican allies in D.C. for failing to make his DOGE cuts permanent. This story was originally featured on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
