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Reed Hastings to sell 390,970 shares in NFLX (Nasdaq: NFLX)

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Reed Hastings has filed a Rule 144 notice to sell 390,970 common shares. The shares are to be sold on Nasdaq through Merrill Lynch, with an aggregate market value of 32,695,592.67 based on the figures in the notice.

The 390,970 shares were acquired on 02/02/2026 by exercising stock options for cash on the same date. The filing also lists prior sales during the past three months: 426,290 common shares sold on 01/02/2026 for gross proceeds of 39,077,465.47, and 375,470 common shares sold on 12/01/2025 for 40,712,434.38.

Positive

  • None.

Negative

  • None.

144: Filer Information

144: Issuer Information

144: Securities Information



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


* 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

144: Remarks and Signature

FAQ

What does the Form 144 filing for NFLX by Reed Hastings disclose?

The Form 144 shows Reed Hastings intends to sell 390,970 common shares. These shares are planned to be sold on Nasdaq through Merrill Lynch, following recent sizeable sales disclosed for the past three months in the same notice.

How many NFLX shares does Reed Hastings currently plan to sell under this Form 144?

Reed Hastings plans to sell 390,970 common shares under this Form 144. The filing lists these shares with an aggregate market value of 32,695,592.67, based on the market information included in the notice for the intended Nasdaq sale.

How did Reed Hastings acquire the NFLX shares he plans to sell?

He acquired the 390,970 common shares by exercising stock options on 02/02/2026. The Form 144 states the nature of the acquisition as an exercise of stock options from the issuer, with the purchase price paid in cash on the same date.

What recent NFLX share sales by Reed Hastings are disclosed in the Form 144?

The notice lists two recent sales of common shares. He sold 426,290 shares on 01/02/2026 for gross proceeds of 39,077,465.47, and 375,470 shares on 12/01/2025 for gross proceeds of 40,712,434.38, all noted in the three-month sales table.

On which exchange are Reed Hastings’ planned NFLX share sales to occur?

The planned sale of 390,970 common shares is listed as taking place on Nasdaq. The Form 144 specifies Nasdaq as the securities exchange for the intended transaction, with Merrill Lynch identified as the broker handling the sale.

Which broker is handling Reed Hastings’ planned NFLX share sale?

Merrill Lynch is listed as the broker for the planned sale of 390,970 common shares. The filing provides the Merrill Lynch office address at 555 California Street, Suite 1800, San Francisco, California 94104 as the broker’s location.
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