NFLX Form 144 shows minor 424-share insider sale set for Aug 5 2025

Rhea-AI Filing Summary

Netflix, Inc. (NFLX) filed a Form 144 indicating a proposed sale of 424 common shares through Merrill Lynch on or after 08/05/2025 on NASDAQ. The aggregate market value of the shares is listed at $491,201.08, and the filing cites a prior stock-award acquisition dated 08/04/2025 as the source of the shares.

The filer—identified later in the document as David Hyman—previously sold 425 shares for $485,728.70 on 05/06/2025. With 424,926,346 shares outstanding, the proposed sale represents roughly 0.0001 % of shares outstanding, suggesting minimal dilution or market impact. Form 144 language confirms the seller knows of no undisclosed material adverse information and affirms compliance with Rule 144 and Rule 10b5-1 guidelines.

Insights

Financial Analyst

TL;DR: Routine Form 144; 424-share sale is immaterial to NFLX’s float and unlikely to move the stock.

The filing discloses a planned sale by insider David Hyman of 424 shares, valued at roughly $0.49 million, against a 425 million-share base. That equates to about 0.0001 % of outstanding equity, well below thresholds that typically influence liquidity or signaling risk. Similar-sized sales occurred in May, indicating a pattern of orderly diversification rather than an abrupt sentiment shift. No additional financial metrics, guidance updates, or operational disclosures accompany the notice, so the filing is informational only. Investors usually monitor insider activity, but the scale and Rule 144 structure point to neutral implications.

Corporate Governance Specialist

TL;DR: Standard Rule 144 compliance; insider certifies no undisclosed adverse info.

Form 144’s primary governance relevance lies in transparency. The seller certifies awareness of no material non-public negatives, mitigating litigation risk under Rule 10b5-1. Documentation of prior sales and acquisition via stock award supports proper equity-compensation administration. Given the de minimis proportion of shares, there is no governance red flag; the filing simply keeps the market informed of insider liquidity events.

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Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
COMMON	MERRILL LYNCH 1800 K ST NW STE 800 WASHINGTON DC 20006	424	491201.08	424926346	08/05/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
COMMON	08/04/2025	STOCK AWARD	ISSUER			424	08/04/2025	COMPENSATION

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
DAVID HYMAN 121 ALBRIGHT WAY LOS GATOS CA 95032	COMMON	05/06/2025	425	485728.70

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

How many Netflix (NFLX) shares are insiders planning to sell under this Form 144?

The filing covers a proposed sale of 424 common shares.

What is the total market value of the shares listed in the Netflix Form 144?

The aggregate market value is reported as $491,201.08.

When is the earliest sale date disclosed in the Netflix Form 144 notice?

The approximate sale date cited is 08/05/2025.

Who is the insider selling Netflix shares according to the filing?

The seller is identified in the document as David Hyman.

How significant is the proposed sale relative to Netflix’s shares outstanding?

With 424,926,346 shares outstanding, the sale represents about 0.0001 % of total shares.

Was there any recent insider sale reported prior to this notice?

Yes, the same insider sold 425 shares for $485,728.70 on 05/06/2025.