Netflix Inc SEC Filings

Whitestone REIT (WSR) – Form 4 insider filing

On 30 June 2025, Whitestone REIT’s Vice President of Human Resources, Soklin Siv, reported two equity transactions:

• Grant (Code A): 8,780 restricted common share units were converted to common shares at $0 cost under the 2018 Long-Term Equity Incentive Plan.
• Tax withholding (Code F): 4,467 shares were automatically withheld at $12.48 to cover associated taxes.

After these transactions, Siv’s direct ownership stands at 81,181 common shares. There were no open-market purchases or sales; the disposition was solely for tax obligations. The net change is an increase of 4,313 shares, bringing the total market value of Siv’s stake to roughly US$1.0 million at the stated price. The filing is routine compensation-related activity and does not, by itself, signal a change in Whitestone REIT’s operational or financial outlook.

Netflix (NFLX) Form 4 – Insider activity on 1 July 2025

Company co-founder and director Reed Hastings exercised 26,513 non-qualified stock options at an exercise price of $107.64, converting them into common shares. He simultaneously executed a 10b5-1 trading plan adopted 8 Aug 2023 and sold 16,840 shares in 30 separate transactions at weighted-average prices ranging from $1,283.44 to $1,313.20. Gross sale proceeds are roughly $21.8 million while the cash outlay for the option exercise was about $2.9 million, implying a sizeable cash gain.

After these trades, Hastings’ direct ownership increased from only 394 shares pre-exercise to 10,067 shares. The report also shows the full cancellation of the 2015 option grant (now at zero balance) and a de-minimis new grant of 48 options with a $1,293.60 strike expiring in 2035.

• The transactions were effected under a Rule 10b5-1 plan, limiting the signalling value of the sales.
• Net share accumulation (-9.7 k shares) may indicate continued long-term exposure despite the sizable monetisation.
• Because 16.8 k shares were sold into the open market in a single day, near-term trading liquidity may have absorbed roughly 0.04 % of Netflix’s outstanding shares.

For investors, the filing combines both a large insider sale and an overall increase in absolute ownership, yielding a largely neutral governance signal.

On July 1, 2025, Netflix (NFLX) filed a Form 4 disclosing that director Jay C. Hoag received 49 non-qualified stock options with an exercise price of $1,293.60 per share, expiring July 1, 2035. The options were granted (code “A”) and are held directly; there were no dispositions or open-market purchases of common stock. Following the transaction, Hoag beneficially owns 49 derivative securities and no additional common shares were reported. Given the very small grant size relative to Netflix’s daily trading volume and Hoag’s existing holdings, the filing appears to be a routine element of director compensation and is unlikely to have a material impact on the company’s valuation or governance profile.

Netflix, Inc. (NFLX) has filed a Form 144 disclosing the proposed sale of 290 common shares with an aggregate market value of $388,347.70. The shares are expected to be sold on or about July 1, 2025 on the NASDAQ through Morgan Stanley Smith Barney LLC – Executive Financial Services. The seller is identified in the accompanying tables as Strive Masiyiwa, who previously sold 1,002 shares for $1,126,508.52 on May 12, 2025 under a Rule 10b5-1 trading plan.

The shares to be sold represent less than 0.0001% of Netflix’s approximately 425.7 million shares outstanding, indicating a de minimis impact on the company’s capital structure. Rule 144 filings are routine disclosures that allow insiders to sell restricted or control securities in compliance with SEC regulations. The use of a pre-arranged 10b5-1 plan suggests the sale was scheduled in advance, mitigating concerns of trading on undisclosed information.

Key details

• Seller: Strive Masiyiwa (Netflix board member)
• Shares to be sold: 290
• Planned sale date: 07/01/2025
• Broker: Morgan Stanley Smith Barney LLC
• Previous sales: 1,002 shares on 05/12/2025 for $1.13 million

Given the small size of the transaction relative to Netflix’s market capitalization, the filing is not expected to have a material financial impact, but investors may monitor insider activity for sentiment signals.

Pegasystems Inc. (PEGA) has filed a Form 144 indicating an intended insider sale of 4,000 common shares through Morgan Stanley Smith Barney on or about 01 July 2025. The estimated aggregate market value of the planned sale is $216,520, implying an indicative share price of roughly $54.13. The sale represents an immaterial 0.0047 % of the company’s 85.1 million shares outstanding.

The filer is Kenneth Stillwell (and related entities), a senior executive of Pegasystems. Over the past three months, the same insider (or related accounts) has already completed three sales totaling 21,713 shares for combined gross proceeds of about $1.96 million (17,713 shares on 25 Apr 2025; 2,000 shares each on 01 May 2025 and 02 Jun 2025). The filing states the shares to be sold were acquired on 01 Mar 2024 as restricted stock units.

Because a Form 144 is only a notice of proposed sale, the transaction may be executed under an existing Rule 10b5-1 trading plan. While the share count is negligible relative to float, consecutive insider disposals by a key executive can be interpreted as a modest negative sentiment signal. There is no indication of new financing, dilution, or operational changes within this filing.

Palo Alto Networks, Inc. (PANW) – Form 144 filing dated July 1, 2025 discloses a proposed secondary sale of 300,000 common shares by family-related trusts through J.P. Morgan Securities LLC. The shares carry an estimated aggregate market value of $61.392 million based on recent prices and represent approximately 0.05 % of the company’s 666.8 million shares outstanding, implying limited ownership dilution because no new shares are being issued.

The trusts involved (Hawk Family Trust and multiple Cliff Family Trust sub-accounts) have been active sellers. Over the previous three months they completed eight open-market transactions totaling ≈959,796 shares and $145.6 million in gross proceeds, with sales executed on 11-Apr-2025, 1-May-2025 and 2-Jun-2025. The forthcoming 300 k-share block would lift the rolling four-month total to roughly 1.26 million shares.

All sales are made pursuant to Rule 144, which permits resale of restricted or control securities subject to volume, manner-of-sale and notice requirements. The seller certifies that no undisclosed material adverse information is known and, if applicable, that any Rule 10b5-1 trading plan was adopted on the date indicated.

Investment takeaways:

• The filing signals continued insider-related supply but on a scale unlikely to materially affect PANW’s float or trading liquidity.
• Because these are secondary sales, no cash flows to the company; proceeds accrue solely to the trusts.
• Investors may nevertheless monitor insider sentiment, especially given the nine-month cadence of sizable disposals.

Netflix (NASDAQ:NFLX) filed a routine Form 4 disclosing an insider transaction by director Leslie J. Kilgore.

On 25 June 2025 Kilgore exercised 212 stock options at $294.95 and immediately sold the same 212 common shares at $1,290 per share under a pre-arranged Rule 10b5-1 plan. Her direct ownership decreased slightly to 35,396 shares; all related options are now fully exercised.

The sale’s estimated value (~$274 K) represents well under 1% of her holdings and is not considered material to Netflix’s financial outlook.

Netflix (NASDAQ:NFLX) filed a Form 4 reporting that Chief Accounting Officer Jeffrey Karbowski exercised 620 stock options—474 at $439.88 and 146 at $438.62—on 06/25/2025 and immediately sold the entire 620-share lot at $1,286.84, realizing roughly $0.8 million. The trade was executed under a Rule 10b5-1 plan adopted 10/29/2024. Following the disposal, Karbowski reports zero directly held Netflix shares or derivative securities. While modest in dollar terms relative to Netflix’s market cap, the complete divestiture by a senior finance executive can be viewed as a potential governance signal. No other material events were disclosed.

Netflix (NASDAQ:NFLX) filed a routine Form 4 disclosing that director Leslie J. Kilgore exercised 431 stock options at an average price of roughly $290 and immediately sold the same number of shares at $1,265–$1,270. Post-transaction ownership stands at 35,396 shares. The sale, worth about $0.5 million, represents ~1% of her holdings and was executed under a Rule 10b5-1 plan adopted on 01/22/2025.