Netflix director sells 2,160 shares after option exercise
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
Netflix Inc director Richard N. Barton exercised non-qualified stock options for 2,160 shares at an exercise price of $20.1070 per share on August 5, 2026, then sold 2,160 shares of common stock at $75.1000 per share under a Rule 10b5-1 trading plan adopted on May 4, 2026. Following the option exercise, 950 options remained outstanding, and 80 shares of common stock were held indirectly through Barton Ventures II, LLC, for which Barton may be deemed a beneficial owner only to the extent of his pecuniary interest.
Insider Trade Summary 10b5-1
Exercise and Sale: 2,160 shares ($119K approx. pre-tax spread)
Exercise and Sale
3 txns
Insider
BARTON RICHARD N
Role
Director
Sold
2,160 shs ($162K)
Approx. gross sale proceeds
$162K
Approx. exercise cost
$43K
Approx. pre-tax spread
$119K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-Qualified Stock Option (right to buy) F1 | 2,160 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 2,160 | $20.107 | $43K |
| Sale | Common Stock F1 | 2,160 | $75.10 | $162K |
| Holding | Common Stock F2 | -- | -- | -- |
Holdings After Transaction:
Non-Qualified Stock Option (right to buy) — 950 contracts (Direct);
Common Stock — 246 shares (Direct);
Common Stock — 80 shares (Indirect, Barton Ventures II, LLC)
Footnotes (2)
- F1. Transaction made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 5/4/2026.
- F2. Mr. Barton is the sole managing member of Barton Ventures II, LLC. Mr. Barton may be deemed to beneficially own the shares held by Barton Ventures II, LLC but disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
Key Figures
Options exercised: 2160 shares
Option exercise price: 20.1070 per share
Shares sold: 2160 shares
+5 more
8 metrics
Options exercised
2160 shares
Non-Qualified Stock Option exercised on August 5, 2026
Option exercise price
20.1070 per share
Exercise price for Non-Qualified Stock Option
Shares sold
2160 shares
Common Stock sale on August 5, 2026
Sale price
75.1000 per share
Price per share for Common Stock sale
Options remaining
950 options
Non-Qualified Stock Options following reported exercise
Indirect holdings
80 shares
Common Stock held indirectly via Barton Ventures II, LLC
Option grant date
2018-01-02
Exercise date field for option award series
Option expiration date
2028-01-02
Expiration for Non-Qualified Stock Option award
Key Terms
Rule 10b5-1 trading plan, Non-Qualified Stock Option, pecuniary interest, indirect ownership
4 terms
Rule 10b5-1 trading plan regulatory
"Transaction made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
Non-Qualified Stock Option financial
"Security title listed as Non-Qualified Stock Option (right to buy)"
A non-qualified stock option (NSO) is a contract that lets an employee or service provider buy company shares at a fixed price for a set period, like a voucher to purchase stock later at today’s price. It matters to investors because exercising NSOs creates ordinary income for the holder and can increase share count, affecting a company’s earnings and ownership mix; think of it as a future sale that can dilute existing shareholders and has immediate tax consequences for the recipient.
pecuniary interest financial
"Disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein"
indirect ownership financial
"Common Stock held indirectly through Barton Ventures II, LLC is reported as indirect ownership"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Netflix (NFLX) director Richard N. Barton report?
Richard N. Barton reported exercising 2,160 options at $20.1070 per share and selling 2,160 Netflix common shares at $75.1000 per share on August 5, 2026. This reflects an option exercise followed by an equivalent share sale from that specific sequence.
Was Richard N. Barton’s Netflix (NFLX) trade made under a Rule 10b5-1 plan?
Yes. The filing states the transactions were made pursuant to a Rule 10b5-1 trading plan adopted by Richard N. Barton on May 4, 2026. Such pre-arranged plans automate trading and can reduce the informational value of transaction timing.
How many Netflix (NFLX) options did Richard N. Barton hold after this transaction?
After exercising 2,160 options, Richard N. Barton held 950 non-qualified stock options tied to Netflix common stock. These remaining options relate to the same award series reported, with an expiration date of January 2, 2028, according to the filing data.
What was the strike price and expiration of Barton's Netflix (NFLX) options?
The non-qualified stock options exercised by Richard N. Barton had a strike price of $20.1070 per share. They were originally dated January 2, 2018 and carry an expiration date of January 2, 2028, providing a 10-year option term for that grant.
What indirect Netflix (NFLX) holdings are associated with Richard N. Barton?
The filing reports 80 Netflix common shares held indirectly through Barton Ventures II, LLC. Barton is the sole managing member and may be deemed to beneficially own these shares but disclaims beneficial ownership except to the extent of his pecuniary interest.
AI-generated analysis. How Rhea-AI works. Not financial advice.
