Reed Hastings sells large NFLX stakes (NFLX) after option exercise

Rhea-AI Filing Summary

Reed Hastings reported sales of Common Stock by Form 144 with multiple dispositions and an option exercise.

The filing lists three open-market sales by Reed Hastings: 410,550 shares on 03/02/2026 for $39,828,614.48, 420,550 shares on 04/01/2026 for $40,156,458.15, and 407,550 shares on 05/01/2026 for $37,956,933.69. It also records an issuer-side transaction of 386,700 shares on 06/01/2026 arising from an exercise of stock options for cash.

Insights

Corporate Governance Analyst

Multiple Form 144 sales reported by a single reporting person, plus an option exercise, are routine disclosure of dispositions.

The filings list three reported sales totaling specific share counts and proceeds in March–May 2026 and an issuer-side exercise of 386,700 shares on 06/01/2026. These entries reflect reported dispositions and an option exercise for cash.

Timing and motive are not stated; subsequent filings may clarify whether transactions were part of a plan or routine liquidity. Cash‑flow treatment appears as proceeds figures and an exercise-for-cash entry in the excerpt.

Key Figures

Sale on 03/02/2026: 410,550 shares Proceeds on 03/02/2026: $39,828,614.48 Sale on 04/01/2026: 420,550 shares +4 more

7 metrics

Sale on 03/02/2026 410,550 shares sale by Reed Hastings on 03/02/2026

Proceeds on 03/02/2026 $39,828,614.48 proceeds reported for 410,550 shares on 03/02/2026

Sale on 04/01/2026 420,550 shares sale by Reed Hastings on 04/01/2026

Proceeds on 04/01/2026 $40,156,458.15 proceeds reported for 420,550 shares on 04/01/2026

Sale on 05/01/2026 407,550 shares sale by Reed Hastings on 05/01/2026

Proceeds on 05/01/2026 $37,956,933.69 proceeds reported for 407,550 shares on 05/01/2026

Option exercise 386,700 shares issuer-side exercise of stock options on 06/01/2026 for cash

Key Terms

Form 144, Exercise of stock options, Issuer, Proceeds

4 terms

Form 144 regulatory

"Filer Information | | | 144: Filer Information"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

Exercise of stock options financial

"Securities To Be Sold Common | 06/01/2026 | Exercise of stock options"

Issuer regulatory

"Securities To Be Sold ... | Issuer | 386700"

Proceeds financial

"Reed Hastings ... | Common | 05/01/2026 | 407550 | 37956933.69"

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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 555 California Street Suite 1800 San Francisco CA 94104	386700	33244020.11	4212794271	06/01/2026	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	06/01/2026	Exercise of stock options	Issuer			386700	06/01/2026	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
Reed Hastings 121 Albright Way Los Altos CA 95032	Common	05/01/2026	407550	37956933.69
Reed Hastings 121 Albright Way Los Altos CA 95032	Common	04/01/2026	420550	40156458.15
Reed Hastings 121 Albright Way Los Altos CA 95032	Common	03/02/2026	410550	39828614.48

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)

FAQ

What did Reed Hastings report in the Form 144 for NFLX?

The Form 144 reports multiple dispositions and an option exercise by Reed Hastings. It lists three sales in Mar–May 2026 with proceeds and a separate issuer exercise of 386,700 shares on 06/01/2026 for cash.

How many shares did Reed Hastings sell in each reported transaction?

The filing lists 410,550; 420,550; and 407,550 shares sold on 03/02/2026, 04/01/2026, and 05/01/2026 respectively. Each sale row includes the corresponding dollar proceeds in the excerpt.

What proceeds were reported for the Reed Hastings sales in the filing?

Proceeds shown are $39,828,614.48, $40,156,458.15, and $37,956,933.69 for the March, April, and May 2026 sales respectively. Each figure is listed alongside the matching share count.

What is the 06/01/2026 issuer transaction noted in the Form 144?

The entry dated 06/01/2026 records an "Exercise of stock options" resulting in 386,700 Common shares sold by the issuer for cash. The filing indicates the method as an exercise for cash consideration.

Does the Form 144 state why Reed Hastings sold these shares?

No reason for the sales is provided in the excerpt. The filing lists dates, share counts, and proceeds but does not include explanatory motive or plan information in the provided text.