NFLX CFO Spencer Neumann reports RSU settlements and tax withholdings
Rhea-AI Filing Summary
Netflix (NFLX) insider update: CFO Spencer Neumann reported routine equity comp activity on 11/03/2025. Two RSU tranches vested and settled 1-for-1 into common stock—878 shares and 489 shares.
To cover taxes from the RSU vesting, shares were withheld: 438 shares at $1,118.86 and 244 shares at $1,118.86. He also executed an open-market sale of 695 shares at $1,093.78. Following these transactions, he directly held 3,681 shares of common stock.
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Insights
Routine RSU vesting, tax withholdings, and a modest sale.
Spencer Neumann recorded standard RSU settlements on 11/03/2025, converting 878 and 489 units into common shares at $0 exercise cost, consistent with RSU mechanics. Shares were withheld to satisfy taxes: 438 and 244 at $1,118.86.
He also sold 695 shares at $1,093.78. After these moves, directly held common shares were 3,681. These actions reflect normal equity compensation administration; actual market impact depends on trade size and timing relative to daily volume.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 878 | $0.00 | -- |
| Exercise | Restricted Stock Units | 489 | $0.00 | -- |
| Exercise | Common Stock | 878 | $0.00 | -- |
| Exercise | Common Stock | 489 | $0.00 | -- |
| Tax Withholding | Common Stock | 438 | $1,118.86 | $490K |
| Tax Withholding | Common Stock | 244 | $1,118.86 | $273K |
| Sale | Common Stock | 695 | $1,093.78 | $760K |
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. Each RSU represents a contingent right to receive one share of Netflix common stock. On January 25, 2024, the Reporting Person was granted 10,538 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 5,870 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).
