NFLX Form 4: Hyman’s 10b5‑1 trades, RSUs vest; 31,610 shares held
Rhea-AI Filing Summary
Netflix (NFLX) reported insider transactions by Chief Legal Officer David A. Hyman. On 11/03/2025, RSUs vested and settled for 544 and 303 shares, with 271 and 151 shares withheld to cover taxes at $1,118.86. On 11/04/2025, he exercised multiple non‑qualified stock options and sold shares, including 31,037 at an average price of $1,100 and 425 at $1,088.215. Following these transactions, he directly owned 31,610 shares. The option exercises and sales were made under a Rule 10b5‑1 trading plan adopted on 08/05/2025.
Positive
- None.
Negative
- None.
Insights
Routine Form 4 under a 10b5‑1 plan; neutral impact.
The filing lists RSU vesting, tax withholding, option exercises, and open‑market sales by Netflix’s CLO. The transactions include RSUs settling into common stock and multiple option exercises followed by sales, all standard executive equity events.
The filing notes a Rule 10b5‑1 plan adopted on 08/05/2025, which indicates pre‑arranged trading parameters. Cash proceeds and tax effects are not analyzed here; the report focuses on share movements.
Post‑trade direct ownership is stated at 31,610 shares. Any market impact depends on trading volume and timing; the document provides the executed prices and dates but no broader context.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-Qualified Stock Option (right to buy) | 1,648 | $0.00 | -- |
| Exercise | Non-Qualified Stock Option (right to buy) | 2,279 | $0.00 | -- |
| Exercise | Non-Qualfied Stock Option (right to buy) | 3,617 | $0.00 | -- |
| Exercise | Non-Qualified Stock Option (right to buy) | 3,304 | $0.00 | -- |
| Exercise | Non-Qualified Stock Option (right to buy) | 3,324 | $0.00 | -- |
| Exercise | Non-Qualified Stock Option (right to buy) | 3,316 | $0.00 | -- |
| Exercise | Non-Qualified Stock Option (right to buy) | 3,834 | $0.00 | -- |
| Exercise | Non-Qualified Stock Option (right to buy) | 3,471 | $0.00 | -- |
| Exercise | Non-Qualified Stock Option (right to buy) | 3,131 | $0.00 | -- |
| Exercise | Non-Qualified Stock Option (right to buy) | 3,113 | $0.00 | -- |
| Exercise | Common Stock | 1,648 | $597.37 | $984K |
| Exercise | Common Stock | 2,279 | $457.13 | $1.04M |
| Exercise | Common Stock | 3,617 | $403.13 | $1.46M |
| Exercise | Common Stock | 3,304 | $441.44 | $1.46M |
| Exercise | Common Stock | 3,324 | $438.62 | $1.46M |
| Exercise | Common Stock | 3,316 | $439.88 | $1.46M |
| Exercise | Common Stock | 3,834 | $380.33 | $1.46M |
| Exercise | Common Stock | 3,471 | $420.19 | $1.46M |
| Exercise | Common Stock | 3,131 | $465.74 | $1.46M |
| Exercise | Common Stock | 3,113 | $468.50 | $1.46M |
| Sale | Common Stock | 425 | $1,088.215 | $462K |
| Sale | Common Stock | 31,037 | $1,100.00 | $34.14M |
| Exercise | Restricted Stock Units | 544 | $0.00 | -- |
| Exercise | Restricted Stock Units | 303 | $0.00 | -- |
| Exercise | Common Stock | 544 | $0.00 | -- |
| Exercise | Common Stock | 303 | $0.00 | -- |
| Tax Withholding | Common Stock | 271 | $1,118.86 | $303K |
| Tax Withholding | Common Stock | 151 | $1,118.86 | $169K |
Footnotes (1)
- Reflects restricted stock units (RSUs) that following vesting, settled in shares of Netflix common stock on a one-for-one basis. Shares withheld to satisfy tax withholding obligations arising out of the vesting of RSUs. Transaction made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 8/5/2025. Each RSU represents a contingent right to receive one share of Netflix common stock. On January 25, 2024, the Reporting Person was granted 6,524 RSUs. Subject to the terms and conditions of the underlying award agreement, 1/12th of the RSUs vest on a quarterly basis beginning on February 3, 2024 (or, to the extent it is not a trading day, the first trading day thereafter). On January 23, 2025, the Reporting Person was granted 3,634 RSUs. Subject to the terms and conditions of the underlying award agreement, 1/12th of the RSUs vest on a quarterly basis beginning on February 3, 2025 (or, to the extent it is not a trading day, the first trading day thereafter).
