Form 4: Netflix Director Jay C. Hoag Executes Stock Options and Sells Shares
SEC Form 4 Filing
Netflix director Jay C. Hoag exercised stock options and sold 617 shares of common stock on January 23, 2025.
Summary
- Jay C. Hoag, a director at Netflix, executed multiple non-qualified stock options on January 23, 2025.
- These options were exercised at various prices ranging from $567.51 to $681.17 per share.
- A total of 617 shares were sold at a price of $979.71 per share on the same day.
- The transactions were made under a Rule 10b5-1 trading plan.
- While Mr. Hoag has voting and dispositive power over the shares, TCV VII Management, L.L.C. and TCV VIII Management, L.L.C. have a pecuniary interest in the shares.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing detailing stock transactions by a director, which is neither positive nor negative for the company's performance.
Industry Context
This is a routine filing related to stock option exercises and share sales by a company director, which is common in publicly traded companies.
Comparison to Industry Standards
- Stock option exercises and sales by directors are a common practice in publicly traded companies like Netflix.
- These transactions are typically disclosed through SEC Form 4 filings.
- The prices at which the options were exercised and shares were sold are within the range of typical market fluctuations for a company like Netflix.
- Other tech companies such as Amazon, Google, and Apple also have similar filings from their directors and officers.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are routine insider transactions.
- The sale of shares by a director may have a slight negative impact on the share price, but this is likely to be minimal.
Key Dates
| Date | Description |
|---|---|
| 09/01/2021 | Date that some of the non-qualified stock options became exercisable. |
| 10/01/2021 | Date that some of the non-qualified stock options became exercisable. |
| 11/01/2021 | Date that some of the non-qualified stock options became exercisable. |
| 12/01/2021 | Date that some of the non-qualified stock options became exercisable. |
| 01/03/2022 | Date that some of the non-qualified stock options became exercisable. |
| 02/01/2024 | Date that some of the non-qualified stock options became exercisable. |
| 01/23/2025 | Date of the stock option exercises and share sale. |
| 01/24/2025 | Date the Form 4 was signed. |
| 09/01/2031 | Expiration date of some of the non-qualified stock options. |
| 10/01/2031 | Expiration date of some of the non-qualified stock options. |
| 11/01/2031 | Expiration date of some of the non-qualified stock options. |
| 12/01/2031 | Expiration date of some of the non-qualified stock options. |
| 01/03/2032 | Expiration date of some of the non-qualified stock options. |
| 02/01/2034 | Expiration date of some of the non-qualified stock options. |
Keywords
Netflix, Stock Options, Insider Trading, Form 4, Jay C. Hoag, Share Sale, Director, TCV VII Management, TCV VIII Management
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