Form 4: Netflix Director Leslie J. Kilgore Acquires 101 Shares Through Stock Option Exercise
SEC Form 4
Leslie J. Kilgore, a director at Netflix, acquired 101 shares of common stock through the exercise of a non-qualified stock option on March 1, 2024.
Summary
- On March 1, 2024, Leslie J. Kilgore, a director of Netflix Inc., executed a transaction involving derivative securities.
- Kilgore acquired 101 shares of Netflix common stock by exercising a non-qualified stock option with an exercise price of $619.34.
- The option became exercisable on March 1, 2024, and expires on March 1, 2034.
- Following the transaction, Kilgore directly owns 101 derivative securities.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reflects a standard insider transaction (stock option exercise) without any explicit positive or negative implications.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions and provides transparency to the market regarding the actions of Netflix's directors.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding director stock ownership.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of earliest transaction: Non-Qualified Stock Option (right to buy) exercised. |
| 03/01/2024 | Date Exercisable: Non-Qualified Stock Option (right to buy). |
| 03/01/2034 | Expiration Date: Non-Qualified Stock Option (right to buy). |
| 03/04/2024 | Date of signature for the Form 4 filing. |
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