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.

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,

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.