Amazon CEO Jeff Bezos sold more than 1 million shares of company stock in the past three days, worth nearly $1.1 billion, according to a regulatory filing this afternoon.
The stock sale comes a week after the company crushed earnings expectations for the third quarter, sending its shares soaring to a record high and giving Bezos the title of world’s richest person. Amazon shares are up more than 16 percent over the past month, closing today at $1,111.60.
The filing notes that the sale was made pursuant to a Rule 10b5-1 trading plan, which allows company insiders to sell a predetermined amount of stock at a set time, to avoid the appearance of insider trading.
Bezos previously sold about $1 billion in shares this past May. He still owns 78.9 million shares of Amazon stock, or about 16 percent of the company.
Bezos said this past April that he sells “about $1 billion per year” of Amazon stock to help fund his Blue Origin space venture.
Here’s a chart showing the latest stock sales, from news alert service Sqoop.