Form 4: Netflix Chief Accounting Officer Sells Shares Under 10b5-1 Plan

Jeffrey Karbowski, Netflix's Chief Accounting Officer, executed transactions involving company stock on March 25, 2025, according to a Form 4 filing with the SEC.

Summary

• On March 25, 2025, Jeffrey Karbowski, the Chief Accounting Officer of Netflix, engaged in transactions involving Netflix common stock.
• These transactions included the exercise of stock options and the subsequent sale of shares.
• Specifically, 32 shares were acquired at $348.28 and 448 shares were acquired at $380.33 through option exercises.
• Simultaneously, 480 shares were sold at $978.18.
• Following these transactions, Mr. Karbowski directly owns 0 shares of Netflix common stock.
• The transactions were executed under a pre-arranged Rule 10b5-1 trading plan adopted on October 29, 2024.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports transactions executed under a pre-existing plan. It doesn't inherently indicate positive or negative sentiment about the company's future.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies. Monitoring these transactions can provide insights into management's perspective on the company's valuation and future prospects. Rule 10b5-1 plans are frequently used to allow insiders to sell shares without being accused of trading on non-public information.

Key Dates

Keywords

Netflix, NFLX, Jeffrey Karbowski, Chief Accounting Officer, Stock Options, Form 4, SEC Filing, Rule 10b5-1, Insider Trading