Form 4: Netflix Executive Sells Shares
Insider Transaction (Form 4)
Theodore A Sarandos, Co-CEO and a Director of Netflix Inc, sold 133,162 shares of common stock on August 3, 2026.
Summary
- Option exercise/conversion: acquired 25,930 Common Stock on August 3, 2026; holds 310,734 after (Direct).
- Option exercise/conversion: acquired 14,440 Common Stock on August 3, 2026; holds 325,174 after (Direct).
- Option exercise/conversion: acquired 14,018 Common Stock on August 3, 2026; holds 339,192 after (Direct).
- Tax/exercise-price withholding: disposed of 12,908 Common Stock at $71.71 ($925,633) on August 3, 2026; holds 326,284 after (Direct).
- Tax/exercise-price withholding: disposed of 7,189 Common Stock at $71.71 ($515,523) on August 3, 2026; holds 319,095 after (Direct).
- Tax/exercise-price withholding: disposed of 6,979 Common Stock at $71.71 ($500,464) on August 3, 2026; holds 312,116 after (Direct).
- Open-market sale: disposed of 81,891 Common Stock at $72.90 ($5,969,731) on August 3, 2026; holds 230,225 after (Direct).
- Open-market sale: disposed of 23,959 Common Stock at $73.48 ($1,760,431) on August 3, 2026; holds 206,266 after (Direct).
- Open-market sale: disposed of 27,312 Common Stock at $73.35 ($2,003,423) on August 4, 2026; holds 178,954 after (Direct).
- Option exercise/conversion: disposed of 25,930 Restricted Stock Units on August 3, 2026; holds 25,930 after (Direct).
- Option exercise/conversion: disposed of 14,440 Restricted Stock Units on August 3, 2026; holds 72,210 after (Direct).
- Option exercise/conversion: disposed of 14,018 Restricted Stock Units on August 3, 2026; holds 126,162 after (Direct).
Sentiment
Score: 4
Explanation: StockSavvy.ai views this as a mildly negative but low-conviction signal: an insider sold $9,733,584 of stock under a pre-arranged Rule 10b5-1 plan, which is typically routine.
Insider Transactions
Theodore A Sarandos — Director, Officer (Co-CEO)
Transaction made under a Rule 10b5-1 trading plan.
| Date | Transaction | Security | Shares | Price | Value | Held After |
|---|---|---|---|---|---|---|
| 2026-08-03 | Option exercise/conversion | Common Stock | 25,930 | — | — | 310,734 |
| 2026-08-03 | Option exercise/conversion | Common Stock | 14,440 | — | — | 325,174 |
| 2026-08-03 | Option exercise/conversion | Common Stock | 14,018 | — | — | 339,192 |
| 2026-08-03 | Tax/exercise-price withholding | Common Stock | 12,908 | $72 | $925.6K | 326,284 |
| 2026-08-03 | Tax/exercise-price withholding | Common Stock | 7,189 | $72 | $515.5K | 319,095 |
| 2026-08-03 | Tax/exercise-price withholding | Common Stock | 6,979 | $72 | $500.5K | 312,116 |
| 2026-08-03 | Open-market sale | Common Stock | 81,891 | $73 | $6.0M | 230,225 |
| 2026-08-03 | Open-market sale | Common Stock | 23,959 | $73 | $1.8M | 206,266 |
| 2026-08-04 | Open-market sale | Common Stock | 27,312 | $73 | $2.0M | 178,954 |
| 2026-08-03 | Option exercise/conversion | Restricted Stock Units | 25,930 | — | — | 25,930 |
| 2026-08-03 | Option exercise/conversion | Restricted Stock Units | 14,440 | — | — | 72,210 |
| 2026-08-03 | Option exercise/conversion | Restricted Stock Units | 14,018 | — | — | 126,162 |
Key Dates
| Date | Description |
|---|---|
| 2026-08-03 | Option exercise/conversion (25,930 shares) |
| 2026-08-03 | Option exercise/conversion (14,440 shares) |
| 2026-08-03 | Option exercise/conversion (14,018 shares) |
| 2026-08-03 | Tax/exercise-price withholding (12,908 shares) |
| 2026-08-03 | Tax/exercise-price withholding (7,189 shares) |
| 2026-08-03 | Tax/exercise-price withholding (6,979 shares) |
| 2026-08-03 | Open-market sale (81,891 shares) |
| 2026-08-03 | Open-market sale (23,959 shares) |
| 2026-08-04 | Open-market sale (27,312 shares) |
| 2026-08-03 | Option exercise/conversion (25,930 shares) |
| 2026-08-03 | Option exercise/conversion (14,440 shares) |
| 2026-08-03 | Option exercise/conversion (14,018 shares) |
Keywords
insider transaction, Form 4, NFLX, NETFLIX INC, bearish, Theodore A Sarandos
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