Form 4: Netflix CFO Spencer Neumann Sells Shares
SEC Filing Form 4
Netflix's Chief Financial Officer, Spencer Neumann, sold 564 shares of common stock on May 9, 2024.
Summary
- On May 9, 2024, Spencer Neumann, the Chief Financial Officer of Netflix, sold 564 shares of Netflix common stock.
- The sale was executed at a weighted average price of $613.0791 per share.
- The transaction was reported on a Form 4 filing with the SEC on May 10, 2024.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a stock sale by an executive, which is a neutral event. It doesn't inherently indicate positive or negative sentiment.
Industry Context
Executive stock sales are a common occurrence in publicly traded companies and are often disclosed through SEC filings. The sale itself doesn't necessarily indicate a negative outlook for the company, as executives may sell shares for various personal financial reasons.
Stakeholder Impact
- The stock sale by a high-ranking executive could potentially cause short-term fluctuations in the stock price, impacting shareholders.
Key Dates
| Date | Description |
|---|---|
| 05/09/2024 | Date of stock sale transaction |
| 05/10/2024 | Date of Form 4 filing |
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