By Adam Levine
Four members of Amazon.com's board of directors, including founder Jeff Bezos, have adopted trading plans to sell shares, the company disclosed in its first-quarter report to the Securities and Exchange Commission.
The other three board members plan to sell a combined 18,865 shares, worth about $3.5 million as of Friday morning.
Over the next year, Bezos plans to sell 25 million shares that would be worth about $4.7 billion at the current price, via a so-called 10b5-1(c) trading plan. The plans, intended to allow corporate insiders to sell stock without benefiting from confidential information, execute sales when certain prespecified conditions, such as price or trading volume, are met.
In 2024, he sold 75 million shares via 10b5-1(c) plans, for a total take of $13.6 billion.
Should Bezos sell those 25 million shares, he would still own more than a billion of them.
Amazon stock is down 15% so far in 2025, versus a 5% decline for the S&P 500.
Write to Adam Levine at adam.levine@barrons.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
May 02, 2025 10:40 ET (14:40 GMT)
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