Form 4: Netflix Chief Legal Officer Sells Shares

Netflix Chief Legal Officer David A. Hyman sold 23,439 shares of common stock for approximately $2.06 million under a pre-arranged trading plan.

Summary

• David A. Hyman, Chief Legal Officer of Netflix Inc. (NFLX), reported a sale of common stock.
• The transaction involved the disposition of 23,439 shares of Netflix common stock.
• The shares were sold at a weighted average price of $88.1098 per share.
• The total value of the shares sold is approximately $2,065,200.
• The transaction was executed on January 16, 2026.
• The sale was made pursuant to a Rule 10b5-1 trading plan, which was adopted by Mr. Hyman on August 5, 2025.
• Following this transaction, Mr. Hyman directly beneficially owns 316,100 shares of Netflix common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as this is a routine insider stock sale executed under a pre-arranged 10b5-1 trading plan, which is not typically indicative of new positive or negative information about the company.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This filing reports a routine insider transaction and does not provide information directly related to broader industry trends or competitive landscape.

Stakeholder Impact

• Shareholders: A routine insider sale under a 10b5-1 plan typically has minimal direct impact on shareholders, as it is a pre-scheduled event and not based on new, non-public information.

Key Dates

Keywords

Netflix, NFLX, Insider Trading, Stock Sale, Form 4, David Hyman, Chief Legal Officer, 10b5-1 Plan