Form 4: Netflix Director Leslie Kilgore Executes Stock Option and Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Director Leslie Kilgore exercised stock options and sold shares of Netflix (NFLX) common stock on September 19, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On September 19, 2024, Leslie J. Kilgore, a director of Netflix Inc. (NFLX), executed a transaction involving the company's stock.
- Kilgore exercised a non-qualified stock option to acquire 428 shares of common stock at a price of $146.17 per share.
- Simultaneously, Kilgore sold 428 shares of Netflix common stock at a price of $715 per share.
- The transactions were executed under a pre-arranged Rule 10b5-1 trading plan adopted on January 29, 2024.
- Following the reported transactions, Kilgore directly owns 0 shares of Netflix common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports transactions executed under a pre-existing plan.
Industry Context
Directors often use 10b5-1 plans to avoid accusations of insider trading, allowing them to sell shares at predetermined times and prices.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the sale of shares by a director.
Key Dates
| Date | Description |
|---|---|
| 07/03/2017 | Date the Non-Qualified Stock Option was granted. |
| 01/29/2024 | Date of adoption of Rule 10b5-1 trading plan. |
| 09/19/2024 | Date of stock option exercise and share sale. |
| 09/20/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.