NEW YORK — Amazon founder Jeff Bezos filed plans to sell approximately 15 million shares of the company, a stake valued at about $4.1 billion, following a stronger-than-expected earnings report that had pushed the stock to a record high.
The regulatory filing submitted to the Securities and Exchange Commission on Monday detailed Bezos's intention to sell the shares through Morgan Stanley Smith Barney LLC.
Amazon shares fell 2.2 percent to $277.64 in early trading Tuesday, a day after the company's market capitalization breached $3 trillion for the first time.
Jim Cramer called the timing a "buzzkill" given the stock's recent rally.
The sale falls under a Rule 10b5-1 trading plan Bezos adopted Nov. 14, 2025. Such plans allow insiders to set up a predetermined schedule for selling shares to avoid accusations of insider trading.
Amazon's core businesses — e-commerce and cloud computing — continue to show growth and profitability, supporting its valuation.
