Jeff Bezos has filed paperwork to sell about $4 billion in Amazon.com shares, according to reports from CNBC and Quartz. The filings follow a period of strong performance for Amazon stock. Both outlets say Amazon reaches new record levels after the company’s most recent quarterly results. CNBC reports that Amazon climbs to an all-time high on Monday, extending gains that started after last week’s earnings announcement. Quartz similarly notes that the share sale filing comes after the stock touches a record high and continues a rally that began following the company’s second-quarter earnings. The reports describe the transaction as a planned stock sale based on the filing, but they do not indicate the exact timing of the sales beyond the fact that the filing has been submitted. The outlets also note that the shares are falling around the time of the announcement, reflecting market reaction to the reported sale intention. Overall, the coverage centers on the filing amount and the close timing to Amazon’s record post-earnings rally.