Netflix Director Sells 431 Shares for ~$545K – Routine Insider Trade

Netflix (NASDAQ:NFLX) filed a routine Form 4 disclosing that director Leslie J. Kilgore exercised 431 stock options at an average price of roughly $290 and immediately sold the same number of shares at $1,265–$1,270.

Accepted by SEC EDGAR 06/25/2025 - 07:05 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Netflix (NASDAQ:NFLX) filed a routine Form 4 disclosing that director Leslie J. Kilgore exercised 431 stock options at an average price of roughly $290 and immediately sold the same number of shares at $1,265–$1,270. Post-transaction ownership stands at 35,396 shares. The sale, worth about $0.5 million, represents ~1% of her holdings and was executed under a Rule 10b5-1 plan adopted on 01/22/2025.

Insider Trade Summary

Exercise and Sale: 431 shares ($421K approx. pre-tax spread)

Exercise and Sale 6 txns

Insider KILGORE LESLIE J

Role Director

Sold 431 shs ($546K)

Approx. gross sale proceeds $546K

Approx. exercise cost $125K

Approx. pre-tax spread $421K

Type	Security	Shares	Price	Value
Exercise	Non-Qualified Stock Option (right to buy)	215	$0.00	$0.00
Exercise	Non-Qualified Stock Option (right to buy)	216	$0.00	$0.00
Exercise	Common Stock	215	$290.39	$62K
Exercise	Common Stock	216	$290.30	$63K
Sale	Common Stock	216	$1,265.00	$273K
Sale	Common Stock	215	$1,270.00	$273K

Holdings After Transaction: Non-Qualified Stock Option (right to buy) — 0 contracts (Direct); Common Stock — 35,396 shares (Direct)

Footnotes (1)

1. F1. Transaction made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 1/22/2025.

FAQ

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

What type of filing did Netflix (NFLX) submit on June 25 2025?

Netflix submitted a routine Form 4 reporting insider transactions by director Leslie J. Kilgore.

How many Netflix (NFLX) shares did Director Kilgore sell on 06/24/2025?

She sold 431 shares in two transactions at $1,265 and $1,270 per share.

What is Leslie J. Kilgore’s share ownership in Netflix (NFLX) after the trade?

She now beneficially owns 35,396 common shares.

Was the trade executed under a 10b5-1 trading plan?

Yes. The filing states it was made under a Rule 10b5-1 plan adopted on 01/22/2025.

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

Form 4 Insider Transactions: What Each Field Means →

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SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

KILGORE LESLIE J

(Last) (First) (Middle)

121 ALBRIGHT WAY

(Street)

LOS GATOS CA 95032

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
NETFLIX INC [ NFLX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
06/24/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/24/2025		M		215(1)	A	$290.39	35,611	D
Common Stock	06/24/2025		M		216(1)	A	$290.3	35,827	D
Common Stock	06/24/2025		S		216(1)	D	$1,265	35,611	D
Common Stock	06/24/2025		S		215(1)	D	$1,270	35,396	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Non-Qualified Stock Option (right to buy)	$290.39	06/24/2025		M			215(1)	03/01/2018	03/01/2028	Common Stock	215	$0	0	D
Non-Qualified Stock Option (right to buy)	$290.3	06/24/2025		M			216(1)	12/03/2018	12/03/2028	Common Stock	216	$0	0	D

Explanation of Responses:

1. Transaction made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 1/22/2025.

Remarks:

	By: Veronique Bourdeau, Authorized Signatory For: Leslie J. Kilgore	06/25/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.