Form 4: Netflix CFO Spencer Neumann Executes Stock Options and Sells Shares Under 10b5-1 Plan

Netflix's CFO, Spencer Neumann, exercised stock options and sold shares of common stock on May 1, 2025, according to a pre-arranged trading plan.

Summary

• On May 1, 2025, Spencer Neumann, the CFO of Netflix, exercised non-qualified stock options to acquire 486 shares at $336.63 and 2,115 shares at $319.50.
• Neumann also sold 2,601 shares of Netflix common stock on the same day at prices ranging from $1,117.65 to $1,142.09.
• These transactions were executed under a Rule 10b5-1 trading plan adopted on October 29, 2024.
• Following these transactions, Neumann directly owns 3,691 shares of Netflix common stock and 1,145 derivative securities.

Sentiment

Score: 5

Explanation: This is a routine filing related to pre-planned stock transactions by an executive. It doesn't indicate any specific positive or negative sentiment about the company's performance.

Industry Context

Form 4 filings are standard practice and provide transparency into the trading activities of company insiders. The use of a 10b5-1 plan indicates that these trades were pre-planned and not based on any inside information at the time of the transactions.

Comparison to Industry Standards

• Monitoring insider transactions is a common practice in the financial industry to ensure compliance and transparency.
• Companies like Amazon, Apple, and Google also have executives who file Form 4s regularly.
• The use of 10b5-1 plans is a standard method for executives to manage their stock holdings while avoiding accusations of insider trading.

Key Dates

Keywords

Netflix, Spencer Neumann, CFO, stock options, stock sale, Form 4, Rule 10b5-1, insider trading