Form 4: Netflix Co-CEO Gregory K. Peters Executes Stock Option and Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Gregory K. Peters, Co-CEO of Netflix, exercised stock options and sold shares of common stock on February 5, 2025, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On February 5, 2025, Gregory K. Peters, Co-CEO of Netflix, executed a transaction involving Netflix's common stock.
- Peters exercised non-qualified stock options to acquire 3,782 shares at a price of $374.60.
- Simultaneously, Peters sold 3,782 shares of Netflix common stock at $1,010.
- These transactions were executed under a pre-arranged Rule 10b5-1 trading plan adopted on October 30, 2024.
- Following these transactions, Peters directly owns 12,950 shares of Netflix common stock.
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, as it's a routine disclosure.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies. The use of Rule 10b5-1 plans allows insiders to sell shares over a predetermined period, avoiding accusations of trading on non-public information. Investors often monitor these transactions for insights into management's perspective on the company's value.
Comparison to Industry Standards
- Executive compensation packages at companies like Netflix often include stock options as a significant component.
- The exercise and sale of shares by executives are typical, especially under pre-arranged trading plans.
- Companies like Amazon, Apple, and Google also see similar transactions by their top executives.
- The use of 10b5-1 plans is a standard practice to ensure compliance with insider trading regulations.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders, but the overall effect is likely minimal given the relatively small number of shares involved.
- The transaction does not directly impact employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 10/30/2024 | Date of adoption of Rule 10b5-1 trading plan |
| 02/05/2025 | Date of stock option exercise and stock sale |
| 02/06/2025 | Date of signature on the SEC Form 4 filing |
| 07/01/2019 | Non-Qualified Stock Option Date Exercisable |
| 07/01/2029 | Non-Qualified Stock Option Expiration Date |
Keywords
Netflix, Gregory K. Peters, NFLX, Stock Options, Rule 10b5-1, Co-CEO, SEC Form 4, Insider Trading
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