Everyone Talked About Jeff Bezos’ $737M Amazon Stock Sale, But A Big Tech CEO Quietly Sold $1.8B Worth Of Shares In Q2

Amazon.com Inc. (AMZN) founder and chairman Jeff Bezos's stock sale around his wedding may have gotten the headline, but the biggest offloader in recent times was another tech giant’s head honcho.

Oracle (ORCL) CEO Safra Catz sold shares worth a whopping $1.8 billion recently, topping the list for the last quarter. Catz sold about 8.7 million shares in the software giant and still maintains a holding of 1.1 million shares.

Oracle stock has climbed 63% in the three months ending June 30.

Dell Technologies (DELL) CEO Michael Dell ranked second, with a total sale of $1.2 billion over the last quarter. He sold approximately 10 million shares of his company, a lot size he has followed in share sales in recent years as well.

In September last year, Dell rejoined the S&P 500 Index after a decade-long absence and has seen a surge in revenue tied to its artificial intelligence server business. Dell shares rose 35% in the last quarter.

At the third spot is Bezos. He netted $737 million in the previous quarter by selling about 3.3 million Amazon shares. Bezos, who stepped down as Amazon CEO in 2021 and is currently the chairman of Amazon's board, married his girlfriend, Lauren Sanchez, in a lavish wedding in Venice, Italy, last month. The three-day celebration is estimated to have cost around $50 million.

Amazon stock rose 14% in the previous quarter. Bezos sold over $13.4 billion of Amazon shares last year.

These executives are followed by Roblox (RBLZ) CEO David Baszucki, who sold shares worth $421 million last quarter and stood at the number 4 spot.

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