[Form 4] NETFLIX INC Insider Trading Activity
Netflix (NFLX): Director insider activity disclosed.
Rhea-AI Filing Summary
Netflix (NFLX): Director insider activity disclosed. On 10/31/2025, a director exercised 40,374 non‑derivative shares via option exercise at $98.3 per share and executed multiple open‑market sales the same day at weighted average prices disclosed across several ranges. These trades were made pursuant to a Rule 10b5‑1 trading plan adopted on 8/8/2023.
Following the transactions, the director reported 394 shares held directly and 2,154,241 shares held indirectly by a trust. In derivative activity, a non‑qualified stock option for 57 shares was awarded on 11/03/2025 at an exercise price of $1,100.09, expiring 11/03/2035, and the previously outstanding option exercised on 10/31/2025 covered 40,374 shares (exercisable 03/01/2016 to 03/01/2026).
Positive
- None.
Negative
- None.
Insights
Routine Form 4 shows planned sales and an option exercise.
The filing lists an option exercise of $98.3 for 40,374 shares and numerous same‑day open‑market sales at weighted average prices with detailed ranges. The trades were made under a Rule 10b5‑1 plan adopted on 08/08/2023, indicating pre‑scheduled execution mechanics rather than ad‑hoc trading.
Post‑trade holdings are 394 shares directly and 2,154,241 shares indirectly via a trust, which remains substantial. The filing also shows a newly awarded non‑qualified option for 57 shares at $1,100.09, expiring 11/03/2035. Overall, this reads as administrative insider activity; market impact depends on broader context and holder decisions.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Non-Qualified Stock Option (right to buy) | 57 | $0.00 | $0.00 |
| Exercise | Non-Qualified Stock Option (right to buy) | 40,374 | $0.00 | $0.00 |
| Exercise | Common Stock | 40,374 | $98.30 | $3.97M |
| Sale | Common Stock | 1,412 | $1,104.6438 | $1.56M |
| Sale | Common Stock | 300 | $1,108.6533 | $333K |
| Sale | Common Stock | 426 | $1,109.5218 | $473K |
| Sale | Common Stock | 330 | $1,110.7215 | $367K |
| Sale | Common Stock | 862 | $1,111.6451 | $958K |
| Sale | Common Stock | 630 | $1,112.5783 | $701K |
| Sale | Common Stock | 852 | $1,113.7786 | $949K |
| Sale | Common Stock | 700 | $1,114.8986 | $780K |
| Sale | Common Stock | 200 | $1,116.31 | $223K |
| Sale | Common Stock | 800 | $1,117.3763 | $894K |
| Sale | Common Stock | 1,763 | $1,118.5182 | $1.97M |
| Sale | Common Stock | 7,426 | $1,119.4117 | $8.31M |
| Sale | Common Stock | 2,086 | $1,120.3492 | $2.34M |
| Sale | Common Stock | 2,754 | $1,121.4727 | $3.09M |
| Sale | Common Stock | 3,217 | $1,122.5356 | $3.61M |
| Sale | Common Stock | 3,531 | $1,123.4415 | $3.97M |
| Sale | Common Stock | 3,618 | $1,124.5333 | $4.07M |
| Sale | Common Stock | 1,444 | $1,125.631 | $1.63M |
| Sale | Common Stock | 1,400 | $1,126.435 | $1.58M |
| Sale | Common Stock | 1,000 | $1,127.35 | $1.13M |
| Sale | Common Stock | 500 | $1,128.68 | $564K |
| Sale | Common Stock | 2,487 | $1,129.727 | $2.81M |
| Sale | Common Stock | 1,981 | $1,130.839 | $2.24M |
| Sale | Common Stock | 423 | $1,131.5933 | $479K |
| Sale | Common Stock | 132 | $1,132.8357 | $150K |
| Sale | Common Stock | 100 | $1,134.18 | $113K |
| holding | Common Stock | -- | -- | -- |
Footnotes (27)
- F1. Transaction made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 8/8/2023.
- F2. This transaction was executed in multiple trades at prices ranging from $1,104.48 to $1,105.00. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F3. This transaction was executed in multiple trades at prices ranging from $1,108.00 to $1,108.98. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F4. This transaction was executed in multiple trades at prices ranging from $1,109.0117 to $1,109.87. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F5. This transaction was executed in multiple trades at prices ranging from $1,110.1036 to $1,111.00. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F6. This transaction was executed in multiple trades at prices ranging from $1,111.12 to $1,112.11. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F7. This transaction was executed in multiple trades at prices ranging from $1,112.16 to $1,113.05. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F8. This transaction was executed in multiple trades at prices ranging from $1,113.3955 to $1,113.98. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F9. This transaction was executed in multiple trades at prices ranging from $1,114.45 to $1,115.20. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F10. This transaction was executed in multiple trades at prices ranging from $1,116.00 to $1,116.62. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F11. This transaction was executed in multiple trades at prices ranging from $1,117.00 to $1,117.96. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F12. This transaction was executed in multiple trades at prices ranging from $1,118.00 to $1,118.93. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F13. This transaction was executed in multiple trades at prices ranging from $1,119.00 to $1,119.98. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F14. This transaction was executed in multiple trades at prices ranging from $1,120.00 to $1,120.96. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F15. This transaction was executed in multiple trades at prices ranging from $1,121.00 to $1,121.97. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F16. This transaction was executed in multiple trades at prices ranging from $1,122.00 to $1,122.98. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F17. This transaction was executed in multiple trades at prices ranging from $1,123.00 to $1,123.98. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F18. This transaction was executed in multiple trades at prices ranging from $1,124.00 to $1,124.99. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F19. This transaction was executed in multiple trades at prices ranging from $1,125.00 to $1,125.98. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F20. This transaction was executed in multiple trades at prices ranging from $1,126.08 to $1,126.83. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F21. This transaction was executed in multiple trades at prices ranging from $1,127.00 to $1,127.86. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F22. This transaction was executed in multiple trades at prices ranging from $1,128.02 to $1,129.01. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F23. This transaction was executed in multiple trades at prices ranging from $1,129.26 to $1,130.25. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F24. This transaction was executed in multiple trades at prices ranging from $1,130.32 to $1,131.30. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F25. This transaction was executed in multiple trades at prices ranging from $1,131.50 to $1,131.71. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F26. This transaction was executed in multiple trades at prices ranging from $1,132.82 to $1,132.8848. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F27. As Trustee of the Hastings-Quillin Family Trust
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