Form 4: Netflix Director Bradford L. Smith Acquires Stock Options
SEC Form 4 Filing
Bradford L. Smith, a director at Netflix, acquired 101 non-qualified stock options on March 1, 2024, at an exercise price of $619.34.
Summary
- On March 1, 2024, Bradford L. Smith, a director of Netflix, acquired 101 non-qualified stock options.
- The exercise price for these options is $619.34.
- The options become exercisable on March 1, 2024, and expire on March 1, 2034.
- Following the transaction, Mr. Smith directly owns 101 derivative securities.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, indicating a standard transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This is a routine disclosure of insider transactions, which are common for directors and officers of publicly traded companies. It provides transparency into their investment activities in the company's stock.
Stakeholder Impact
- The transaction could have a minor positive impact on shareholder confidence due to the director's increased investment in the company.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of earliest transaction: Bradford L. Smith acquired 101 non-qualified stock options at $619.34. |
| 03/01/2024 | Options become exercisable. |
| 03/04/2024 | Date of signature on the Form 4 filing. |
| 03/01/2034 | Expiration date of the options. |
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