Jeff Bezos filed to sell about 15 million Amazon shares worth roughly $4.07 billion, the same day the stock touched an all-time high. Amazon shares fell in early Tuesday trading following the disclosure, made under a pre-arranged trading plan tied to last week's earnings-driven rally.
Amazon shares fell 2.37% in early trading Tuesday, after Jeff Bezos filed to sell about 15 million shares of the company. The stake is worth roughly $4.07 billion, according to a Form 144 filed with the Securities and Exchange Commission. The filing was disclosed the same day Amazon stock touched a record high, pushing the company's market value above $3 trillion.
Cloud Growth Fueled Last Week's Rally
The rally traces back to last week, when Amazon reported second-quarter revenue of $200.61 billion and earnings of $5.75 per share, driven largely by stronger-than-expected growth in its cloud-computing business. The company also forecast third-quarter revenue between $197 billion and $202 billion and operating income between $22.5 billion and $26.5 billion, compared with $17.4 billion a year earlier. Cloud outperformance reinforced investor confidence that Amazon's investments in artificial intelligence are translating into demand, and the stock has rallied 23% this year, more than double the S&P 500's 11% gain.
Trading Plan and Share Sale Details
Bezos's sale falls under a Rule 10b5-1 trading plan he adopted on Nov. 14, 2025, with the transactions executed Monday through Morgan Stanley, according to the filing. The shares were originally issued as founder stock in 1994, the filing shows.
He also donated 220,200 shares to nonprofit organizations in May, which may have sold those shares in the three months before the filing. The planned sale represents a modest slice of Amazon's more than 10.78 billion outstanding shares, according to Benzinga.
Bezos has regularly sold Amazon stock in recent years, often through pre-arranged trading plans, while remaining among the company's largest shareholders.
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