NFLX affiliate files Form 144 for 28,630 shares

Morgan Stanley Smith Barney LLC submitted a Form 144 notice reporting an exercise of stock options and proposed sales of 28,630 shares of Common Stock on 04/02/2026.

Accepted by SEC EDGAR 04/02/2026 - 04:26 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Morgan Stanley Smith Barney LLC submitted a Form 144 notice reporting an exercise of stock options and proposed sales of 28,630 shares of Common Stock on 04/02/2026. The filing also lists prior 10b5-1 sales by Spencer Neumann totaling 28,630 shares (03/02/2026), 57,260 shares (02/27/2026) and 9,248 shares (02/06/2026) with associated dollar amounts shown.

Insights

Equity Compliance Specialist

Routine Rule 144 notice of option exercise and affiliate sales; no new material corporate event.

The filing lists an exercise of stock options for 28,630 shares on 04/02/2026 and contemporaneous planned sale activity under Rule 144. It also records prior 10b5-1 sales by Spencer Neumann on three dates with explicit share counts and proceeds.

These entries are administrative disclosures of affiliate activity. Timing and methods of any public resale are governed by the stated procedures and applicable resale rules.

Key Figures

Exercise shares: 28,630 shares 03/02/2026 10b5-1 sale: 28,630 shares Proceeds (03/02/2026): $2,777,110.00 +4 more

7 metrics

Exercise shares 28,630 shares Exercise of stock options on 04/02/2026

03/02/2026 10b5-1 sale 28,630 shares 10b5-1 sale by Spencer Neumann on 03/02/2026

Proceeds (03/02/2026) $2,777,110.00 Dollar amount listed for 28,630-share 10b5-1 sale on 03/02/2026

02/27/2026 10b5-1 sale 57,260 shares 10b5-1 sale by Spencer Neumann on 02/27/2026

Proceeds (02/27/2026) $5,468,330.00 Dollar amount listed for 57,260-share 10b5-1 sale on 02/27/2026

02/06/2026 10b5-1 sale 9,248 shares 10b5-1 sale by Spencer Neumann on 02/06/2026

Proceeds (02/06/2026) $751,597.91 Dollar amount listed for 9,248-share 10b5-1 sale on 02/06/2026

Key Terms

10b5-1 Sales, Exercise of Stock Options, Form 144

3 terms

10b5-1 Sales regulatory

"10b5-1 Sales for SPENCER NEUMANN 121 Albright Way"

10b5-1 sales are pre-arranged stock-trading plans that let company insiders automatically buy or sell shares according to a fixed schedule or formula, even if they later learn confidential information. Think of it as setting up an automatic thermostat for trades: it creates a clear, documented path that can protect insiders from insider-trading accusations and gives investors a signal about predictable insider activity—though it can also simply be a way for insiders to diversify or raise cash.

Exercise of Stock Options financial

"Common | 04/02/2026 | Exercise of Stock Options"

Form 144 regulatory

"144: Securities To Be Sold"

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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does NFLX Form 144 filed by Morgan Stanley Smith Barney LLC report?

It reports an exercise of stock options for 28,630 shares on 04/02/2026. The filing also lists prior 10b5-1 sales by Spencer Neumann with explicit share counts and proceeds.

How many shares are listed as recently sold in the NFLX Form 144 filing?

The filing lists prior sales of 28,630, 57,260, and 9,248 shares under 10b5-1 plans. Each sale row includes the dollar proceeds shown in the excerpt.

Who executed the 10b5-1 sales disclosed in the NFLX Form 144?

The 10b5-1 sales are attributed to Spencer Neumann, with a listed address and three dated transactions showing share counts and proceeds.

Does the Form 144 show proceeds for the disclosed NFLX transactions?

Yes. The excerpt includes dollar amounts for each listed transaction, for example $2,777,110.00 for 28,630 shares on 03/02/2026 and other amounts for the Feb sales.

Was the NFLX transaction in the filing an open‑market sale or option exercise?

The filing shows an exercise of stock options (cash exercise) recorded on 04/02/2026; earlier entries are described as 10b5-1 sales on specified dates.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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	0001543133
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	NETFLIX INC
SEC File Number	001-35727
Address of Issuer	121 Albright Way Los Gatos CALIFORNIA 95032
Phone	4085403700
Name of Person for Whose Account the Securities are To Be Sold	SPENCER NEUMANN
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	Officer

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	28630	2735596.50	4222162150	04/02/2026	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	04/02/2026	Exercise of Stock Options	Issuer			28630	04/02/2026	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
10b5-1 Sales for SPENCER NEUMANN 121 Albright Way Los Gatos CA 95032	Common	03/02/2026	28630	2777110.00
10b5-1 Sales for SPENCER NEUMANN 121 Albright Way Los Gatos CA 95032	Common	02/27/2026	57260	5468330.00
SPENCER NEUMANN 121 Albright Way Los Gatos CA 95032	Common	02/06/2026	9248	751597.91

144: Remarks and Signature

Remarks
Date of Notice	04/02/2026
Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1	10/23/2025
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	/s/ Spencer Neumann
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)