NFLX NETFLIX INC Insider Trading

Reed Hastings sells 386,700 shares for $33,244,035.38 via 10b5-1 plan; retains 3,940 shares plus 728 options

Director Reed Hastings sold 2 separate tranches totaling 386,700 (386.7K shares) for $33,244,035.38 ($33.2M) on 2026-06-01, with a blended average price of $85.97, executed under a pre-arranged 10b5-1 trading plan. This represents a 99.0% reduction in his non-derivative holdings (from 390,640 to 3,940 shares), though his total position remains non-zero due to 728 non-qualified stock options in Table II. The sale occurred as NFLX traded at $85.97–$86.73, approximately 37.9% below its 52-week high of $134.12 and after a 15.5% decline over 90 days. His prior sales at NFLX show a consistent pattern: five trades in recent months (April and May 2026) all posted negative 30-day and 90-day returns (ranging from -3.1% to -8.6% on the 30-day basis), suggesting these executed periods have preceded further price decline. The scheduled nature of this transaction under 10b5-1 removes timing discretion from this individual trade; however, the aggregate pattern of his open-market sales across all tickers averages a -8.0% 90-day return post-sale, consistent with his same-ticker record at NFLX.

Co-CEO Peters sells ~28,500 shares for $2.4M as NFLX trades well below recent highs; prior sells have consistently been poorly timed.

Co-CEO Gregory Peters liquidated a meaningful stake in Netflix, disposing of over 28,000 shares in consecutive transactions on May 6–7, 2026. The sale occurred while the stock was trading significantly below its recent highs and down over the prior month—conditions that might ordinarily signal conviction if an insider were buying. However, Peters' track record reveals a consistent problem: all five of his prior sales in Netflix stock were poorly timed, with the stock rising both in the short and long term after each exit. This current sale follows the same pattern, adding to a two-decade history of selling Netflix shares but never buying back in. The company itself remains profitable with strong revenue growth and a substantial market capitalization, suggesting no fundamental deterioration warranting urgent liquidation. Peters' repeated selling despite poor timing outcomes raises questions about whether these trades reflect personal financial planning or capital allocation decisions rather than conviction about Netflix's near-term prospects.

Netflix CFO Neumann sells ~9,250 shares worth $823K as stock trades well below recent highs

CFO Spencer Adam Neumann sold approximately 9,250 shares of Netflix stock on this date, representing a modest reduction (roughly 11 percent) of his holdings at a time when the company is profitable with strong revenue growth but the stock is trading significantly below its recent highs. His track record with Netflix shows mixed results: his prior sales had outcomes split between those where the stock rose afterward (suggesting poor timing) and others where it declined (well-timed exits), with similar patterns visible across both short and long-term horizons. The sale itself is neither particularly large nor concentrated within a short window—this is his most recent transaction following an earlier sale last month—but the pattern of consistent dispositions over recent months, combined with the stock's current depressed price position, suggests neither panic selling nor a flush-away-the-weakness buying moment.

Netflix Co-CEO Theodore Sarandos sells $2.4M in shares while stock trades well below its highs.

Theodore A Sarandos, Netflix's Co-CEO, executed a significant portfolio reduction across nine transactions over two days in early May, divesting approximately $2.4 million in shares. The sales occurred at prices near the current trading level, at a time when the stock has retreated substantially from its recent highs. While Netflix remains a profitable company with strong revenue growth and recent earnings momentum, a C-suite executive liquidating a material position warrants attention—especially given the stock's depressed valuation relative to its recent range. However, the timing and size alone don't signal distress; this could reflect personal financial planning, portfolio rebalancing, or tax management rather than concern about the company's trajectory. Investors should monitor whether other executives follow suit, as a coordinated exodus would carry greater significance than a single sale.

Chief Legal Officer David Hyman sells $504k Netflix stake while stock trades well below 52-week highs

David Hyman, Netflix's Chief Legal Officer, conducted a multi-leg transaction on May 4–5 that culminated in a sale of over 5,700 shares for approximately $504,000. The broader transaction sequence included three separate acquisitions followed by the outright sale, suggesting either a structured equity plan execution (such as a vesting settlement or tax-lot management) rather than a simple market conviction bet. Netflix stock is currently trading well below its 52-week high and has pulled back over the past month, which is a typical window for insiders to de-risk or lock in gains. The company itself remains solidly profitable with strong revenue growth and recently posted excellent quarterly earnings, indicating operational strength. However, Hyman's sale—while not enormous relative to his total holdings—comes at a price point that represents a retreat from the stock's recent peaks, which could suggest either routine portfolio rebalancing or a cautious stance on near-term valuation.

Reed Hastings exercises options and sells all shares same-day; 8th Netflix sale in 3 years, follows his 5 prior well-timed exits at this ticker.

Reed Hastings, a Netflix director, exercised options for approximately 407,550 shares and immediately sold all of them across three separate transactions on the same day, offsetting the exercise to net zero change in his position. This is his eighth open-market sale at Netflix in three years and his 508th open-market sale across all holdings—a director with an established pattern of selling rather than buying. All five of his prior sales at Netflix were followed by subsequent stock declines over both the 30-day and 90-day periods, establishing a consistent track record of well-timed exits. The stock currently trades well below its 52-week high, having declined significantly in recent weeks, yet the company remains profitable and growing, which provides context for whether this sale represents concern or routine portfolio management.