Form 4: Netflix CFO Spencer Neumann Executes Stock Transactions Under 10b5-1 Plan

Netflix's Chief Financial Officer, Spencer Neumann, executed multiple stock transactions, including both acquisitions and disposals, on January 30, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• Spencer Neumann, the Chief Financial Officer of Netflix, engaged in several transactions involving Netflix common stock on January 30, 2025.
• These transactions included the acquisition of shares through the exercise of non-qualified stock options at prices ranging from $357.32 to $378.81.
• Neumann also disposed of shares through multiple sales at prices ranging from $971.67 to $993.32.
• The transactions were executed under a pre-arranged Rule 10b5-1 trading plan adopted on October 29, 2024.
• The sales were executed in multiple trades at varying prices, with the reported prices reflecting weighted averages.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing detailing stock transactions by an executive, and does not indicate any positive or negative sentiment.

Industry Context

This is a routine filing for corporate insiders who trade company stock, and is common practice for executives at publicly traded companies like Netflix.

Comparison to Industry Standards

• The use of 10b5-1 trading plans is a common practice among executives at publicly traded companies to avoid accusations of insider trading.
• Similar filings are regularly made by executives at companies like Amazon, Apple, and Google when they execute stock transactions.

Stakeholder Impact

• The transactions may have a minor impact on the stock price, but are unlikely to significantly affect shareholders due to the pre-planned nature of the trades.

Key Dates

Keywords

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