Amazon founder and executive chairman Jeff Bezos has recently divested over 14 million shares of his company, totaling approximately $2.4 billion, marking a substantial sell-off since the beginning of the month. The sales commenced late last week and extended through Tuesday, as disclosed in a securities filing. In total, Bezos has sold 14,006,906 shares, generating around $2.37 billion. These transactions were conducted under a prearranged trading plan that Bezos initiated in November and disclosed earlier this month. The plan allows him to sell up to 50 million Amazon shares before January 31, 2025.

Last week alone, Bezos offloaded approximately 12 million Amazon shares valued at around $2.03 billion, adding to a previous tranche of 12 million shares just days before, with another 12 million shares divested the week prior. This surge in stock sales marks a departure from Bezos' previous stance, as he had not sold Amazon shares since May 2021, the year he stepped down as CEO of the company. Additionally, he gifted about $240 million worth of Amazon shares last year.