Jeff Bezos sells $1.5 billion worth of Amazon shares, now holds stock valued at…
Amazon founder Jeff Bezos has sold another 6.6 million shares of the company, reports Barrons. According to the report, the sale was disclosed in a filing with Securities and Exchange Commission (SEC). The sold shares are valued around $1.5 billion. The transaction, as per the report, took place on July 21 and 22 – days ahead of Amazon’s second-quarter earnings scheduled for July 31. The sale was executed under the prearranged trading plan known as Rule 10b5-1.
What is 10b5-1 trading plan under which Jeff Bezos sold shares
