Jeff Bezos has filed plans to sell around 15 million Amazon shares worth approximately $4.1 billion. The filing came after Amazon’s stock reached a record high following stronger-than-expected quarterly earnings.
However, Amazon shares fell more than two percent during early trading on Tuesday. Investors reacted after regulatory documents disclosed the planned stock sale.
The filing revealed the transaction falls under a Rule 10b5-1 trading plan adopted in November 2025. Morgan Stanley executed the share sales on Monday.
Amazon Shares Hit Record High
Amazon’s stock surged after the company reported stronger-than-expected second-quarter earnings. Growth in its cloud-computing business boosted investor confidence.
Moreover, investors welcomed signs that Amazon’s artificial intelligence investments continue driving demand. Consequently, the company’s market value surpassed $3 trillion.
Amazon shares have gained 23 percent this year. By comparison, the S&P 500 has advanced around 11 percent during the same period.
Bezos Continues Planned Stock Sales
The filing with the US Securities and Exchange Commission showed Bezos intends to sell 15 million common shares. Based on Monday’s closing price, the shares are valued at about $4.07 billion.
The filing also stated that Bezos acquired the shares as founder stock in 1994. He has regularly sold Amazon shares through pre-arranged trading plans in recent years.
Additionally, the filing noted Bezos donated more than 220,000 shares to nonprofit organisations in May. Those organisations may have sold the donated shares during the previous three months.
