Over the next year, Amazon's founder, Jeff Bezos , plans to sell a chunk of his Amazon shares worth billions.

The Amazon executive chair and Blue Origin founder is set to offload up to 25 million shares of his stock in the e-commerce giant over a period ending in May 2026, as part of a trading plan he adopted in March, a Friday regulatory filing said.

The shares were worth about $4.75 billion at their closing price of $189.82 on Thursday.

This is Bezos' latest in a string of major Amazon stock sell-offs over the past year. He stepped down as Amazon CEO in 2021.

In July, Bezos filed a plan to sell 25 million shares , worth about $5 billion at the time, after Amazon's stock hit a record high. And in February 2024, Bezos sold off 50 million Amazon shares , worth about $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 about $117 million.

Even at a combined total of about 100 million shares, the string of sales amounts to just a fraction of Bezos' stock. As of November, he had over 926 million of the company's shares, or just under 9% of Amazon's total stock.

Bezos has previously said he sells off Amazon stock to fund Blue Origin, his space venture.

The disclosure came the day after Amazon's latest earnings call . Amazon CEO Andy Jassy said on the call that he was optimistic the company could keep prices down amid tariff turmoil but that it was still figuring out "where they're going to settle and when they're going to settle."

Bezos did not immediately respond to a request for comment. Amazon declined to comment.

Read the original article on Business Insider