Form 4: Netflix Co-CEO Gregory K. Peters Executes Stock Option and Sells Shares
SEC Form 4 Filing
Netflix Co-CEO Gregory K. Peters exercised stock options and sold shares on March 18, 2024, according to a Form 4 filing with the SEC.
Summary
- Gregory K. Peters, Co-CEO of Netflix, executed a transaction involving Netflix stock on March 18, 2024.
- Peters exercised a non-qualified stock option to acquire 5,352 shares of common stock at a price of $127.49 per share.
- Simultaneously, Peters sold 5,352 shares of common stock at $625 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: The document is a standard SEC filing related to stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment, but rather reports factual information.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies. These transactions are closely monitored by investors as they can provide insights into management's perspective on the company's future prospects. Rule 10b5-1 plans are often used to avoid accusations of insider trading.
Key Dates
| Date | Description |
|---|---|
| 01/03/2017 | Date exercisable for Non-Qualified Stock Option |
| 07/26/2023 | Date of adoption of Rule 10b5-1 trading plan |
| 03/18/2024 | Date of stock option exercise and stock sale |
| 01/03/2027 | Expiration date for Non-Qualified Stock Option |
| 03/19/2024 | Date of signature on the SEC Form 4 |
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