Form 4: Netflix CLO Hyman Reports Stock Transactions
Insider Transaction Report
Netflix Chief Legal Officer David A. Hyman reported the vesting of restricted stock units, subsequent tax withholdings, and a sale of common stock.
Summary
- David A. Hyman, Chief Legal Officer of Netflix Inc. (NFLX), reported multiple transactions involving Netflix common stock.
- On August 4, 2025, 543 shares and 303 shares of common stock were acquired due to the vesting of Restricted Stock Units (RSUs).
- Concurrently, 271 shares and 151 shares were withheld to satisfy tax obligations arising from the RSU vesting, at a price of $1,158.6 per share.
- On August 5, 2025, Hyman sold 424 shares of common stock at a price of $1,158.67 per share.
- Following these transactions, Hyman beneficially owns 31,610 shares of Netflix common stock directly.
Sentiment
Score: 5
Explanation: The filing reports routine insider transactions related to executive compensation, including RSU vesting, tax withholding, and a partial sale. This is a neutral event, typical for executives managing their equity holdings, and does not indicate significant positive or negative sentiment regarding the company's performance or outlook.
Positives
- Acquisition of 846 shares (543 + 303) of Netflix common stock through the vesting of Restricted Stock Units, indicating continued equity compensation.
- Continued beneficial ownership of 31,610 shares of Netflix common stock by a key executive.
Negatives
- Disposal of 422 shares (271 + 151) to cover tax withholding obligations related to RSU vesting.
- Sale of 424 shares of common stock on the open market.
Future Outlook
NA
Industry Context
NA
Next Steps
- Continued quarterly vesting of remaining Restricted Stock Units granted on January 25, 2024, and January 23, 2025.
Key Dates
| Date | Description |
|---|---|
| 2024-01-25 | Grant date for 6,524 Restricted Stock Units (RSUs) to David A. Hyman. |
| 2024-02-03 | Start date for quarterly vesting of 6,524 RSUs granted on January 25, 2024. |
| 2025-01-23 | Grant date for 3,634 Restricted Stock Units (RSUs) to David A. Hyman. |
| 2025-02-03 | Start date for quarterly vesting of 3,634 RSUs granted on January 23, 2025. |
| 2025-08-04 | Date of RSU vesting and subsequent acquisition of 846 common shares (543 + 303) and disposal of 422 shares for tax withholding. |
| 2025-08-05 | Date of sale of 424 common shares. |
| 2025-08-06 | Signature date of the Form 4 filing. |
Keywords
Netflix, NFLX, David A. Hyman, Chief Legal Officer, SEC Form 4, Insider Trading, Stock Transactions, Restricted Stock Units, RSU Vesting, Share Sale, Executive Compensation
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