Theodore A Sarandos

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.

Co-CEO THEODORE A SARANDOS sold 2,027 NFLX shares at $1,092.08; 5 of 5 prior NFLX sales preceded 90-day declines.

THEODORE A SARANDOS executed a sale of 2,027 shares at $1,092.08 on 2025-11-04, reducing his NETFLIX position by 11.8% from 17,195 to 15,168 shares. This transaction merits attention due to his consistent timing pattern: across 5 prior sales at NFLX alone, all were followed by 90-day negative returns (ranging from -88.5% to -90.5%), meaning all 5 prior trades at this ticker were well-timed with the stock declining after each sale. His cross-ticker track record shows 20 prior open-market sells with a 90-day well-timed rate of 100.00%. NFLX has fallen 18.0% from its 52-week high of $133.91 and declined 5.6% over the past 30 days, consistent with the post-sale downward movement observed in his prior trade history. While Netflix fundamentals remain solid (P/E of 4.46, annual revenue growth of 15.6%, net income of $2.5B), the persistent pattern of insider selling preceding price declines warrants investor attention as a technical signal.

Co-CEO Sarandos sells 2,026 NFLX shares ($2.4M) at $1,160.62; 5 of 5 prior NFLX sales followed negative 90-day returns

Theodore Sarandos sold 2,026 shares of Netflix for $2,351,411.26 on 2025-08-05, reducing his holdings by 11.8% to 15,168 shares. His timing pattern at Netflix is notable: across 5 prior sales at the same ticker, all 5 were well-timed at the 90-day mark, with 90-day returns ranging from -89.0% to -89.7%. This consistent pattern of preceding declines—not stock gains—stands in sharp contrast to poorly-timed selling. His cross-ticker track record shows a 100.00% well-timed rate across 20 sells with an average 90-day return of -88.5%, further reinforcing a demonstrated ability to exit before downturns. Against this backdrop, Netflix trades at a P/E of 4.89 with strong fundamentals (15.6% annual revenue growth, $11.1B quarterly revenue, $3.1B net income), but the stock is already -12.0% from its 52-week high and down 8.6% in the trailing 30 days—suggesting the market may be pricing in near-term headwinds despite solid underlying metrics.

Co-CEO Sarandos sells 2,027 NFLX shares at $1,140.25 on 2025-05-06; stock now at $115.54, well below sale price.

Theodore Sarandos sold 2,027 shares for $2,311,283.30 at $1,140.25 on 2025-05-06, reducing his holdings from 17,195 to 15,168 shares. The current price of $115.54 is approximately 90% below the transaction price, making this sale distinctly well-timed in hindsight. Sarandos's cross-ticker track record shows a 90d well-timed rate of 100.00% across 20 prior sells, and at Netflix specifically, all 5 prior sales (from 2025-01-30) were well-timed at the 90-day mark. The company's fundamentals remain solid—$10.5B revenue, $2.9B net income, 15.6% annual growth, and a P/E of 5.30—yet the stock has experienced a severe valuation reset. This sale preceded the dramatic decline, consistent with Sarandos's demonstrated pattern of selling before subsequent downturns.

Netflix Co-CEO Sarandos executes 23 sales totaling 199,063 shares for $194,880,916.83 on 2025-01-30

Theodore Sarandos, Netflix Co-CEO, conducted 23 separate sales totaling 199,063 shares for $194,880,916.83 on a single trading day at prices ranging from $971.57 to $994.56, with a blended average of $978.99. This represents a -93.8% reduction in his NFLX holdings from 212,204 shares pre-transaction to 13,141 shares post-transaction. The magnitude and concentration of this sale—representing nearly the entire position liquidated in one day—is material given his executive role and the stock's recent strong performance (+11.1% over 30 days, +28.1% over 90 days). Sarandos' prior trading history at NFLX shows 5 of 5 prior sells were well-timed at the 90-day mark with average negative returns of -87.2% to -89.2%, indicating a consistent pattern of selling before subsequent declines. The near-complete exit of a Co-CEO's position, occurring as the stock approaches its 52-week high (currently -0.6% from $98.49), merits close monitoring for underlying business signals or strategic intent.

Co-CEO Sarandos sold 1,278 NFLX shares at $767.05 on 2024-11-05 for $980.3K; stock now at $78.02, down sharply from transaction price.

Theodore Sarandos, Netflix Co-CEO, executed a sale of 1,278 shares (33.3% reduction of his pre-transaction holdings) at $767.05 on 2024-11-05, realizing $980,284.28. His prior five trades at Netflix were all well-timed at the 90-day mark, with his cross-ticker track record showing a 100.00% well-timed rate across 16 sells (avg 90d return -89.5%). The current price of $78.02 represents a 89.8% decline from the transaction price, a magnitude of loss consistent with his historical sell-timing pattern: his five prior Netflix sales at this ticker showed 90-day returns ranging from -87.6% to -89.1%. This represents the continuation of a demonstrated pattern where his sales have preceded substantial downside moves.

Co-CEO Sarandos sold 1,278 NFLX shares at $606.69 on 2024-08-06; 5 of 5 prior NFLX sales showed -89% avg 90d returns

Theodore Sarandos sold 1,278 shares (33.3% of his holdings pre-transaction) for $775,349.82, reducing his position to 2,556 shares. His prior five sales at Netflix all occurred on 2024-02-09 and exhibited a 100% on-time sales rate with 90-day returns averaging -89.0%, indicating consistent well-timed exit patterns on this ticker. The current stock is down 11.4% from its 52-week high of $69.06 and down 10.8% over the past 30 days, suggesting continuation of downward momentum evident at the time of his prior sales. His cross-ticker record across 15 prior sells shows a 100% well-timed rate with avg 90d return of -89.7%, establishing a strong track record of selling before declines.