Key Points
The disclosure comes after Amazon reported its best online sales growth since early in the pandemic, sending its shares rallying by nearly 8% to $172..
Bezos wealth jumped a commensurate amount, gaining $12.1 billion Friday to put him $8.1 billion behind first-place Elon Musk, according to the Bloomberg Billionaires Index..
Amazon has benefited from a rebound in tech shares thats sent US stock indexes to all-time highs, while Tesla has been beset by a series of negative headlines..
Bezos, 60, adopted a trading plan to sell 50 million shares anytime before January 31, 2025, according to a filing Friday..
Amazon disclosed the planned stock sales of Bezos, other board members and senior executives in its annual report, complying with new Securities and Exchange Commission rules that require greater transparency for corporate insiders who sell shares under pre-arranged trading plans...
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