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.

Jeff Bezos is planning to sell 25 million of his shares in Amazon, the e-commerce giant said in a regulatory filing, a sale that could net its founder and executive chair around $4.75 billion based on the stock's current price.

Jeff Bezos filed with the SEC to sell up to 25 million shares of Amazon stock, worth $4.8 billion. He would still own 885 million shares.