[144] NetFlix Inc SEC Filing

Rhea-AI Filing Summary

Form 144 notice for NFLX shows an insider sale and a proposed sale of 2,601 common shares through Morgan Stanley Smith Barney with an aggregate market value of $3,142,658.25, to be sold approximately on 09/02/2025 on NASDAQ. The table indicates those 2,601 shares were acquired and paid for on 09/02/2025 by exercise of stock options with cash payment. The filing also discloses three sales by the same person, Spencer Neumann: 685 shares on 08/06/2025 for $795,431.73, and two 10b5-1 sales of 2,601 shares on 08/01/2025 and 07/01/2025 for $3,023,392.31 and $3,400,075.31 respectively. The filer certifies no undisclosed material adverse information and notes a 10b5-1 plan where indicated.

Insights

Securities Analyst

TL;DR: Insider exercised options and plans a small, routine sale; prior 10b5-1 sales are disclosed.

The filing documents an insider option exercise and a proposed public sale of 2,601 shares valued at $3.14M using Morgan Stanley Smith Barney, with sales executed under or reported alongside 10b5-1 plans. For investors, this is a routine insider liquidity event rather than an operational disclosure; disclosed gross proceeds from recent sales total approximately $6.22M across three transactions. No new financial performance data or material company-specific adverse information is provided in the filing.

Corporate Governance Expert

TL;DR: Disclosure aligns with Rule 144 and 10b5-1 practices; signatures attest no undisclosed material information.

The form includes required detail: broker, share counts, acquisition method (option exercise), dates, and past three months' sales including 10b5-1 trades. This level of disclosure supports compliance with securities resale rules and trading-plan safe harbors. The filing does not show unexpected insider departures, material litigation, or other governance red flags. It does, however, reflect insider monetization activity which should be reviewed in context of any company-specific public disclosures.

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	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	2601	3142658.25	424926346	09/02/2025	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	09/02/2025	Exercise of Stock Options	Issuer			2601	09/02/2025	Cash

* 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
SPENCER NEUMANN 121 Albright Way Los Gatos CA 95032	Common	08/06/2025	685	795431.73
10b5-1 Sales for SPENCER NEUMANN 121 Albright Way Los Gatos CA 95032	Common	08/01/2025	2601	3023392.31
10b5-1 Sales for SPENCER NEUMANN 121 Albright Way Los Gatos CA 95032	Common	07/01/2025	2601	3400075.31

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

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)