Form 4: Netflix Co-CEO Gregory K. Peters Executes Stock Option and Sells Shares
SEC Form 4 Filing
Gregory K. Peters, Co-CEO of Netflix, exercised stock options and sold shares on June 14, 2024, according to a Form 4 filing with the SEC.
Summary
- On June 14, 2024, Gregory K. Peters, Co-CEO of Netflix, exercised non-qualified stock options to acquire 4,783 shares of common stock at a price of $142.65 per share.
- Simultaneously, Peters sold 4,783 shares of Netflix common stock at $675 per share.
- Following these transactions, Peters directly owns 13,090 shares of Netflix common stock.
- The transactions were executed under a pre-arranged Rule 10b5-1 trading plan adopted on July 26, 2023.
Sentiment
Score: 5
Explanation: Neutral sentiment as it reflects routine executive stock transactions under a pre-arranged plan.
Industry Context
Executive stock transactions are common and are often part of compensation packages. The use of a 10b5-1 plan indicates the transactions were pre-planned to avoid insider trading concerns.
Key Dates
| Date | Description |
|---|---|
| 03/01/2017 | Date Non-Qualified Stock Option became exercisable |
| 07/26/2023 | Date of adoption of Rule 10b5-1 trading plan |
| 06/14/2024 | Date of stock option exercise and sale |
| 06/17/2024 | Date of Form 4 filing |
| 03/01/2027 | Expiration date of Non-Qualified Stock Option |
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