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.
Yea I guess that makes sense. I can’t really think of another explanation. There are more articles with the same phenomenon at various times. I checked the filings and they all say the same thing.
Allegedly Bezos donated shares for a value of 10x more than the stocks were actually worth.
Very strange.
https://www.forbes.com/sites/rachelsandler/2022/02/14/jeff-bezos-just-gave-away-nearly-100-million-worth-of-amazon-stock/?sh=7afdb039211a
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