Form 4: Netflix Chief Legal Officer David Hyman Executes Stock Options and Sells Shares

David Hyman, Chief Legal Officer of Netflix, exercised stock options and sold shares on February 5, 2025, according to a Form 4 filing with the SEC.

Summary

• On February 5, 2025, David A. Hyman, the Chief Legal Officer of Netflix, engaged in transactions involving Netflix common stock.
• Hyman exercised non-qualified stock options to acquire shares at prices ranging from $179.95 to $386.24.
• Concurrently, Hyman sold 68,102 shares of common stock at prices ranging from $987.9862 to $996.197.
• These transactions were executed under a pre-arranged Rule 10b5-1 trading plan adopted on October 29, 2024.
• Following these transactions, Hyman directly owns 31,610 shares of Netflix common stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions by an executive, with no inherent positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider transactions and provides transparency to investors regarding the trading activities of company executives.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the pre-planned nature of the trades mitigates any significant concerns.

Key Dates

Keywords

Form 4, Netflix, Stock Options, David Hyman, Share Sale, Rule 10b5-1, Insider Trading