By the beginning of next year, the founder of Amazon intends to sell even more of his shares, the firm reports.
In a document filed with federal regulators, the founder and executive chairman of Amazon stated that on February 7 and 8, he sold approximately 12 million shares of Amazon stock valued at more than $2 billion (£1.58 billion).
Based on the reported price totals, the shares of the tech giant were valued at slightly over $2.04 billion (£1.62 billion) in total. Five blocks containing one million to more than 3.2 million equities each were used to organize the stocks.
Days earlier, according to documents, he had sold an additional 12 million shares for nearly the same price.
Amazon said last week that Bezos would divest up to 50 million of his shares in the company, which are valued at an estimated $8.4 billion (£6.65 billion) on the market.
