Netflix director Barton sells 1,440 shares
Netflix director Richard N. Barton exercised options and sold 1,440 shares in pre-planned trades under a Rule 10b5-1 plan, while retaining an indirect interest in 800 shares.
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Form Type
4
Rhea-AI Filing Summary
NETFLIX INC (NFLX) director Richard N. Barton reported exercising stock options for a total of 1,440 shares of common stock on September 9–10, 2026, at exercise prices of $20.107 and $26.507 per share, then selling 720 shares on each day at prices of $76.26 and $75.27, respectively. These trades were made under a Rule 10b5-1 trading plan adopted on May 4, 2026. After the transactions, an additional 800 shares are reported as held indirectly through Barton Ventures II, LLC, with Barton disclaiming beneficial ownership except to the extent of his pecuniary interest.
Insider Trade Summary 10b5-1
Exercise and Sale: 1,440 shares ($72K approx. pre-tax spread)
Exercise and Sale
9 txns
Insider
BARTON RICHARD N
Role
Director
Sold
1,440 shs ($109K)
Approx. gross sale proceeds
$109K
Approx. exercise cost
$37K
Approx. pre-tax spread
$72K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-Qualified Stock Option (right to buy) F1 | 720 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 720 | $26.507 | $19K |
| Sale | Common Stock F1 | 720 | $75.27 | $54K |
| Exercise | Non-Qualified Stock Option (right to buy) F1 | 230 | $0.00 | $0.00 |
| Exercise | Non-Qualified Stock Option (right to buy) F1 | 490 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 230 | $20.107 | $5K |
| Exercise | Common Stock F1 | 490 | $26.507 | $13K |
| Sale | Common Stock F1 | 720 | $76.26 | $55K |
| holding | Common Stock F2 | -- | -- | -- |
Holdings After Transaction:
Non-Qualified Stock Option (right to buy) — 1,150 contracts (Direct);
Common Stock — 2,460 shares (Direct);
Common Stock — 800 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
Shares sold on September 9, 2026: 720 shares at $76.26 per share
Shares sold on September 10, 2026: 720 shares at $75.27 per share
Options exercised at $20.107: 230 shares at $20.107 per share
+4 more
7 metrics
Shares sold on September 9, 2026
720 shares at $76.26 per share
Sale of Netflix common stock reported for September 9, 2026
Shares sold on September 10, 2026
720 shares at $75.27 per share
Sale of Netflix common stock reported for September 10, 2026
Options exercised at $20.107
230 shares at $20.107 per share
Exercise of options into Netflix common stock on September 9, 2026
Options exercised at $26.507 on September 9, 2026
490 shares at $26.507 per share
Exercise of options into Netflix common stock on September 9, 2026
Options exercised at $26.507 on September 10, 2026
720 shares at $26.507 per share
Exercise of options into Netflix common stock on September 10, 2026
Indirectly held shares
800 shares
Shares of Netflix common stock held indirectly through Barton Ventures II, LLC after the reported transactions
Rule 10b5-1 plan adoption date
May 4, 2026
Date the trading plan governing these transactions was adopted
Key Terms
Rule 10b5-1 trading plan, Non-Qualified Stock Option, beneficially own, pecuniary interest
4 terms
Rule 10b5-1 trading plan regulatory
"Transaction made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 5/4/2026."
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
"Non-Qualified Stock Option (right to buy) is reported as the derivative security."
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.
beneficially own regulatory
"Mr. Barton may be deemed to beneficially own the shares held by Barton Ventures II, LLC but disclaims beneficial ownership."
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
pecuniary interest financial
"He disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Netflix (NFLX) director Richard N. Barton report in this Form 4?
He reported exercising options for 1,440 shares of Netflix common stock on September 9–10, 2026 and selling 720 shares on each of those dates at prices in the mid‑$70s per share, all under a Rule 10b5-1 trading plan.
What stock options did Richard N. Barton exercise in this Netflix (NFLX) filing?
He exercised options covering 230 shares at an exercise price of $20.107 per share and options covering 490 shares and 720 shares at an exercise price of $26.507 per share, with the underlying shares of Netflix common stock acquired on September 9–10, 2026.
What is Richard N. Barton’s role at Netflix (NFLX) in this Form 4?
He is identified as a director of Netflix, Inc. in the ownership information associated with this Form 4 filing.
AI-generated analysis. How Rhea-AI works. Not financial advice.
