Bezos, who stepped down as CEO in 2021 but remains Amazon’s top shareholder, is selling the shares as part of a trading plan adopted on March 4, the filing states.

And in February 2024, Bezos sold off 50 million Amazon shares, worth around $8.5 billion. The billionaire also sold off a few smaller chunks of stock in May 2024, totaling 1.1 million shares at a value of around $117 million.

Jeff Bezos plans to sell as many as 25 million shares of Amazon.com Inc. over the next 13 months, potentially cashing out as the world’s largest online retailer grapples with uncertainty over tariffs.