Im researching stock sales from business owners to see if they know whats coming. I was looking into Amazon given its metioric fall. Bezos recently "gifted" 1,000,000 shares.
I was trying to figure out who he gifted it to and how much it was worth and I ran across this article stating that Bezos had gifted 47000 shares in may worth 120,000,000. However, that doesnt make sense. the stock was worth about 130 a share at that time. if 47000 shares were worth that much then each share would have to be worth over $1000. Am I missing something here? Is the article simply wrong about the amount that was gifted? And if not, then a gift of 1,000,000 shares would be worth over a billion dollars.
not sure but he may have a a different class of shares, I could be wrong but thats the first thing that came to mind if the numbers in the article are correct.