Jeff Bezos owns a little bit less of the company he founded nearly three decades ago. SEC filings show the centibillionaire sold 1.67 million shares of Amazon (NASDAQ: AMZN) stock earlier this month. What's more, there are reports he's planning to sell more, if he hasn't already.

When a big shareholder sells such a substantial amount, it can have a massive impact on the stock price. So much selling pressure can push the price down as the seller looks to liquidate their holdings. So should investors be cautious with Bezos as a seller, or take any weakness in the stock price as an opportunity to buy shares?

There's an important detail in the SEC filing reporting Bezos' stock sale that investors can't overlook: Bezos donated his shares. The two transactions that took place on Nov. 15 and 16 are marked with transaction code G. That means they're contributions to nonprofit organizations. The sale price is $0, indicating Bezos donated the shares directly instead of actually selling them. What the organizations do with the shares is out of his control.

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Source Fool.com