Bezos Taps Amazon Holdings for $4 Billion as Shares Hit Record High

Amazon founder Jeff Bezos has filed to sell approximately $4 billion worth of Amazon stock, as the company's shares reached an all-time high and briefly touched the $3 trillion mark.

The planned sale comes after a rally in Amazon shares driven by strong quarterly results reported the previous week. The stock had climbed to an all-time high before the filing surfaced, after which shares retreated.

Bezos stepped down as chief executive in 2021 but remains executive chairman and Amazon's largest individual shareholder. He has periodically trimmed his stake through prearranged trading plans, using proceeds from previous sales to fund ventures like Blue Origin and philanthropic commitments.