Form 4: Netflix Director Leslie J. Kilgore Executes Stock Transactions Under 10b5-1 Plan
SEC Form 4 Filing
Netflix director Leslie J. Kilgore acquired and disposed of shares of common stock and exercised stock options under a pre-arranged 10b5-1 trading plan.
Summary
- Leslie J. Kilgore, a director at Netflix, engaged in transactions involving the company's stock on November 12, 2024.
- These transactions included the acquisition of 334 shares of common stock at $186.82 per share through the exercise of stock options.
- Simultaneously, 334 shares were disposed of at a price of $820 per share.
- These transactions were executed under a pre-arranged Rule 10b5-1 trading plan adopted on January 29, 2024.
- Following these transactions, Ms. Kilgore directly owns 35,262 shares of Netflix common stock.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing detailing stock transactions by a company director. It does not contain any information that would be considered positive or negative from an investment perspective.
Industry Context
This is a routine filing related to insider trading activity, which is common for directors and officers of publicly traded companies. The use of a 10b5-1 plan is a common practice to avoid accusations of insider trading.
Comparison to Industry Standards
- The use of 10b5-1 trading plans is a standard practice among executives and directors of publicly traded companies, including Netflix's peers such as Disney, Amazon, and Apple.
- These plans allow insiders to sell shares at predetermined times and prices, mitigating the risk of insider trading allegations.
- The reported transactions are consistent with typical insider trading activity observed in similar filings from other tech companies.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are part of a pre-arranged trading plan and do not indicate a change in the director's long-term outlook on the company.
Key Dates
| Date | Description |
|---|---|
| 01/29/2024 | Date the Rule 10b5-1 trading plan was adopted by Leslie J. Kilgore. |
| 11/12/2024 | Date of the stock acquisition and disposal transactions. |
| 11/13/2024 | Date the Form 4 was signed. |
Keywords
Netflix, stock transactions, Form 4, insider trading, Rule 10b5-1, stock options, director, equity securities
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