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Bezos plans to sell about $4.07 billion worth of Amazon shares

Zero Hedge +2 ·

AMZN Amazon.com Inc
$277.42 -2.32%
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  1. 1According to a Form 144 filing, Amazon founder Jeff Bezos plans to sell 15 million shares (approximately $4.07 billion) under a pre-arranged trading plan.
  2. 2The shares are founder's stock from 1994 and will be sold through Morgan Stanley Smith Barney, with the plan coming after the stock price surged about 25% over the past several trading sessions.
  3. 3Even after the sale, he will hold 880.95 million shares, valued at roughly $250 billion, and Jim Cramer called the sale a buzzkill.

This 3-line summary is compiled from the report below.

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