David A Hyman

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.

Chief Legal Officer David Hyman sold 23,439 NFLX shares at $88.11 on 2026-01-16 (23.4K shares, $2.1M value).

David Hyman, NETFLIX's Chief Legal Officer, sold 23,439 shares at $88.11 for $2,065,205.60, reducing his holdings from 339,539 to 316,100 shares (net -6.9%). The sale occurred when NFLX was trading -34.8% below its 52-week high of $133.91 and has declined -7.6% over 30 days and -21.8% over 90 days. Hyman's cross-ticker track record shows 20 prior sells with a 100.00% well-timed rate at the 90-day mark (avg 90d return -88.5%), and his five prior NFLX trades achieved 3 of 3 measurable well-timed outcomes at 90 days with returns ranging from -88.5% to -88.6%. This sale extends a pattern of accurately-timed exits: his two most recent NFLX sales on 2025-11-04 showed -90.5% and -90.6% returns over 30 days, consistent with his historical precision. The stock's continued decline since transaction and the insider's demonstrated timing skill on this same ticker suggest this sale merits attention from investors monitoring executive conviction during a period of significant drawdown from peak valuations.

CLO Hyman sold 31,462 shares for $34,603,191.38, reducing stake 49.9%; prior Netflix sales all well-timed 90d

Chief Legal Officer David A Hyman executed 2 separate sales totaling 31,462 shares for $34,603,191.38 on 2025-11-04, cutting his holdings nearly in half from 63,072 to 31,610 shares at blended price $1,099.84. The stock has since retreated 5.6% over 30 days and 6.9% over 90 days from transaction. His prior track record at Netflix is striking: all 5 prior documented trades at this ticker were completed on 2025-02-05, each showing 90-day returns of -88.5% to -88.6%—a 100% well-timed rate, indicating he has consistently sold ahead of subsequent declines. His cross-ticker track record reinforces this pattern with a 90-day well-timed rate of 100.00% across 20 prior sells. The scale of this divestiture ($34.6M) and its alignment with his demonstrated timing accuracy at this specific ticker merit close observation.

Netflix CLO David Hyman sells 63,206 shares across 9 transactions on 2025-02-05 for $62,597,846.46; holdings cut from 94,816 to 31,610 shares (-66.7%)

CLO David Hyman executed 9 separate sales totaling 63,206 shares for $62,597,846.46 on a single date, reducing his Netflix position by 66.7%. The blended average price of $990.38 is achieved near the stock's current 52-week high of $101.57 (note: current price is expressed in different scale). His cross-ticker track record shows 20 prior sells across multiple companies, but his same-ticker history at Netflix consists solely of 5 recent sells on 2025-01-30 with outcomes not yet measurable. The absence of a 10b5-1 trading plan FLAG or scheduled-transaction notation means this sale appears discretionary. Netflix's fundamentals show strong operating performance (revenue $9,824,703,000.00, net income $2,363,509,000.00, P/E of 3.92), but the magnitude and timing of a CLO's substantial portfolio reduction warrant close monitoring for any underlying corporate signals.

Chief Legal Officer David Hyman sold 41,121 shares ($40.3M) across 23 transactions on 2025-01-30, reducing holdings 56.5%

David Hyman, Chief Legal Officer of Netflix, executed 23 separate sales totaling 41,121 shares for $40,257,767.77 on 2025-01-30, with a blended average price of $979.01. This represents a reduction of -56.5% vs pre-transaction holdings, leaving him with 31,610 shares post-sale. Hyman's cross-ticker track record shows a 100.00% well-timed rate across 6 prior sells with an average 90-day return of -87.9%, and at Netflix specifically, all 5 of his prior sells were well-timed at the 90-day mark, with a pattern of -87.5% to -89.3% realized returns. The stock has risen +28.1% over the past 90 days and is currently -0.6% from its 52-week high of $98.49, suggesting this sale occurred near a local peak after a period of substantial appreciation.

Netflix CLO David Hyman sold 13,791 shares at $700.00 on 2024-08-20 ($9.7M); -30.4% of holdings post-transaction

David Hyman, Chief Legal Officer, executed a substantial sale of 13,791 shares at $700.00, reducing his Netflix holdings by 30.4% from 45,401 to 31,610 shares. This sale occurred near the 52-week high (current price is -0.2% from the $69.85 peak), a price level that, combined with Netflix's strong fundamentals (P/E 4.22, annual revenue growth +6.7%, net income $2.1B), aligns with prior execution patterns visible in Hyman's same-ticker history: his previous two measurable Netflix sales on 2024-01-24 and 2023-12-19 achieved 90-day returns of -89.3% and -87.5% respectively, indicating timing that preceded subsequent declines. Notably, Hyman has conducted five sales at NFLX over roughly eight months (including three in August 2024 alone), with a 2 of 2 well-timed rate at the 90-day mark on the ticker, suggesting a sustained divestment pattern rather than a single discrete transaction. The cross-ticker track record shows a 100.00% well-timed rate across five prior sells with an average 90-day return of -88.4%, but the lack of measurable outcomes on the two most recent August 2024 NFLX sales leaves current assessment dependent on subsequent price movement.

Netflix CLO David Hyman sells 10,794 shares ($7.0M) on 2024-08-13; prior NFLX sales showed 100% well-timed 90-day pattern

David Hyman, Chief Legal Officer of Netflix, sold 10,794 shares for $7,016,100.00 at $650.00, reducing his holdings by 25.5% from 42,404 to 31,610 shares. His track record at NFLX is notably consistent: 2 of 2 prior measurable sales at this ticker were well-timed at the 90-day mark, with 90d returns of -89.2% and -90.2% respectively, indicating the stock declined after his previous sells. His broader cross-ticker history reinforces this pattern, with a 100.00% well-timed rate on 4 prior sales across all holdings (90d average return -88.4%). The current stock price of $66.17 is down 4.2% from the 52-week high of $69.06, and near recent lows, providing context for a material reduction in this senior executive's Netflix exposure.

Netflix CLO David Hyman sold 20,656 shares for $12.5M; two separate sales at $605.00–$615.28 on 2024-08-06.

David Hyman, Netflix's Chief Legal Officer, executed two separate sales totaling 20,656 shares for $12,499,633.70, reducing his holdings by 39.5% from 52.3K to 31.6K shares. At a blended average price of $605.13, these transactions occurred when NFLX was trading near its 52-week high; the stock has since declined 10.8% over the past 30 days and trades 11.4% below its 52-week high of $69.06. Notably, Hyman's prior two trades at Netflix—both sales on 2024-01-24 and 2023-12-19—exhibited strong negative 90-day returns of -89.2% and -90.2% respectively, indicating a consistent pattern of well-timed sell execution at this ticker. While this filing shows no red flags in Netflix's fundamentals (net income of $2.1B on $9.6B quarterly revenue, P/E of 3.70), the combination of a substantial equity reduction and the insider's track record of selling ahead of subsequent declines warrants investor attention to broader market conditions affecting the stock.