Jeff Bezos filed plans to sell about 15 million Amazon shares worth roughly $4.1 billion, after the dominant e-commerce platform’s stronger-than-expected earnings sent the stock to a record high, pushing its market value above $3 trillion.
Amazon fell more than 2% in early trading Tuesday following the filing, which disclosed the planned sale under a Rule 10b5-1 trading plan adopted on Nov. 14, 2025
The sales occurred on Monday through Morgan Stanley, according to the filing. The filing comes after Amazon shares touched an all-time high on Monday, extending gains sparked by last week’s quarterly results. The web services provider reported robust second-quarter earnings, led by stronger-than-expected growth in its cloud-computing business, reinforcing investor confidence that its artificial intelligence investments are translating into accelerating demand.
Shares of Amazon have rallied 23% this year, more than double the 11% gain in the S&P 500. The Form 144 filed with the Securities and Exchange Commission showed Bezos intends to sell 15 million common shares with an aggregate market value of about $4.07 billion, based on Monday’s closing price. The filing noted the shares were acquired as founder stock in 1994.