Form 4: Netflix Director Leslie J. Kilgore Executes Stock Option Plan
SEC Form 4 Filing
Director Leslie J. Kilgore exercised stock options and sold shares of Netflix common stock under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Leslie J. Kilgore, a director of Netflix, executed transactions involving Netflix common stock on May 15, 2025.
- These transactions included the exercise of non-qualified stock options and the subsequent sale of shares acquired through those options.
- The transactions were conducted under a pre-arranged Rule 10b5-1 trading plan adopted on January 22, 2025.
- Kilgore exercised options to acquire 232 shares at $269.58 and sold them at $1,175.
- Kilgore exercised options to acquire 233 shares at $267.66 and sold them at $1,170.
- Following these transactions, Kilgore directly owns 35,396 shares of Netflix common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the document simply reports transactions executed under a pre-existing plan. It doesn't inherently indicate positive or negative sentiment towards the company's prospects.
Industry Context
This filing is a routine disclosure of insider trading activity, which is common among corporate executives and directors. The use of a 10b5-1 plan suggests a structured approach to selling shares to avoid accusations of trading on inside information.
Comparison to Industry Standards
- Similar filings are common for directors and officers at publicly traded companies like Amazon (AMZN), Apple (AAPL), and Disney (DIS).
- The use of Rule 10b5-1 trading plans is a standard practice to ensure compliance with insider trading regulations.
- The size of the transactions is relatively small compared to the overall market capitalization of Netflix.
Stakeholder Impact
- The transactions are unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors due to the relatively small size of the transactions and the pre-planned nature of the sales.
Key Dates
| Date | Description |
|---|---|
| 01/02/2019 | Date options exercisable for 233 shares. |
| 10/01/2019 | Date options exercisable for 232 shares. |
| 01/22/2025 | Date of adoption of Rule 10b5-1 trading plan. |
| 05/15/2025 | Date of stock option exercise and sale of shares. |
| 05/16/2025 | Date of report. |
| 01/02/2029 | Expiration date of options for 233 shares. |
| 10/01/2029 | Expiration date of options for 232 shares. |
Keywords
Netflix, NFLX, Director, Stock Options, Rule 10b5-1, Form 4, Insider Trading
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