Amazon founder Jeff Bezos is making a big business move.

The 61-year-old Amazon founder plans to sell up to 25 million shares in the company over the next year, according to a financial filing on Friday (May 2) via CNBC.

The top shareholder of the company stepped down as CEO in 2021, and is selling the shares as part of a trading plan adopted on March 4, per the filing.

The stocks would be worth about $4.8 billion at the current price.

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The disclosure comes a day after Amazon’s first-quarter earnings report, which showed the company is bracing for uncertainty related to President Donald Trump’s sweeping new tariffs, according to the news report.

A report earlier in the week claimed that Amazon planned to show shoppers the cost of the tariffs, until Trump personally called Jeff Bezos to complain, and Amazon clarified that no such change was coming.

Jeff previously sold about $13.5 billion worth of Amazon shares in 2024.

Since stepping down from Amazon, Jeff has spent more of his time on his space exploration company, Blue Origin, and his $10 billion climate and biodiversity fund.

His fiancée Lauren Sanchez recently went into space briefly on his Blue Origin company’s all-female crew space flight.