Form 4: Netflix Director Leslie J. Kilgore Executes Stock Option and Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Leslie J. Kilgore, a director at Netflix, exercised stock options and sold shares of common stock on May 2, 2025, under a pre-arranged trading plan.
Summary
- On May 2, 2025, Leslie J. Kilgore, a director of Netflix, executed a transaction involving Netflix common stock.
- Kilgore exercised a non-qualified stock option to acquire 236 shares at a price of $265.07.
- Simultaneously, Kilgore sold 236 shares of Netflix common stock at $1,150.
- These transactions were executed under a Rule 10b5-1 trading plan adopted on January 22, 2025.
- Following these transactions, Kilgore directly owns 35,396 shares of Netflix common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment, as it simply reports facts.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies like Netflix. These transactions are often scrutinized by investors for insights into management's perspective on the company's future prospects. Rule 10b5-1 plans are frequently used to allow insiders to sell shares without being accused of trading on non-public information.
Comparison to Industry Standards
- Executive compensation and stock transactions are standard practice across the technology and entertainment industries.
- Companies like Amazon, Apple, and Disney also have executives who regularly exercise stock options and trade shares.
- The use of 10b5-1 trading plans is a common method for executives to manage their stock holdings while avoiding potential insider trading accusations.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the small volume of shares traded.
- The transactions do not directly impact employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 01/22/2025 | Date of adoption of Rule 10b5-1 trading plan |
| 02/01/2018 | Date the Non-Qualified Stock Option was exercisable |
| 02/01/2028 | Expiration date of the Non-Qualified Stock Option |
| 05/02/2025 | Date of stock option exercise and share sale |
| 05/05/2025 | Date of Form 4 signature |
Keywords
Netflix, NFLX, Director, Stock Option, Share Sale, Form 4, 10b5-1 Plan, Leslie J. Kilgore
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