As Amazon.com’s stock has soared to new heights, Jeff Bezos has taken the opportunity to cash in a bit.
Since Monday, the online retail giant’s founder and chief executive unloaded more than 1 million shares of his Amazon holdings, raising $533.9 million. The sale was disclosed in a filing with Securities and Exchange Commission.
Amazon didn’t immediately respond to a request for comment about the sale. But Bezos, like many senior executives, typically sells stock quarterly, often shortly after the company announces its financial results. Amazon posted its second-quarter numbers on July 23, reporting an unexpected profit that sent the company’s shares to an all-time high.