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sellWeak cluster of 1310b5-1 plan

Spencer Adam Neumann sold $2.9M of NFLX

Chief Financial Officer at NETFLIX INC. 2,601 shares at an average of $1,132.38, traded May 1, 2025, filed May 2, 2025.

Warning score
37
Value
$2.9M
2,601 shares
Holdings after
3,691
-41% from before
From 52-week low
+66%
low $68.15, close $113.35
From 52-week high
0%
high $113.35, as of May 1, 2025

Score components

  • Role
    CFO
    +22
  • Trade size
    $2.9M at market
    +25
  • Share of holdings sold
    Sold 41% of holdings
    +10
  • Cluster
    13 insiders selling within 14 days
    +15
  • Exercise and sell
    Shares came from an option exercise in the same filing
    -15
  • 10b5-1 plan
    Pre-scheduled under a 10b5-1 plan
    -20

What happened after comparable sells

Same side and tier, against the S&P 500, at 1, 3 and 6 months. Shown to Pro users; the whole table is on the backtest page.

This signal so far: 1m +4.4%, 3m +0.2%, 6m -3.3%.

Price around the trade, and since

From a quarter before the trade to today. The arrow is the trade, the circle the day the filing reached EDGAR, which is the first day anyone outside could act; the dotted line is the S&P 500 rebased to that day's close.

NFLXOct 9, 2026 · close 70.30
Since filing May 2, 2025: -39.2%SPY +39.6% · excess -78.8%

Daily candles, adjusted for splits and dividends. Green arrows are insider buys, red are sells, sized by value; the dashed line is the close on the filing day, the dotted line SPY rebased to it.Charts by TradingView Lightweight Charts™

Rows in this filing

Every transaction in Form 4 0001065280-25-000229, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
May 1, 2025MOption exercise
Common Stock10b5-1
+486$336.63$164k4,177May 2, 2025
May 1, 2025MOption exercise
Common Stock10b5-1
+2,115$319.50$676k6,292May 2, 2025
May 1, 2025SOpen-market sale
Common Stock10b5-1
-100$1,117.65$112k6,192May 2, 2025
May 1, 2025SOpen-market sale
Common Stock10b5-1
-200$1,120.20$224k5,992May 2, 2025
May 1, 2025SOpen-market sale
Common Stock10b5-1
-100$1,121.66$112k5,892May 2, 2025
May 1, 2025SOpen-market sale
Common Stock10b5-1
-200$1,123.16$225k5,692May 2, 2025
May 1, 2025SOpen-market sale
Common Stock10b5-1
-200$1,128.11$226k5,492May 2, 2025
May 1, 2025SOpen-market sale
Common Stock10b5-1
-100$1,131.55$113k5,392May 2, 2025
May 1, 2025SOpen-market sale
Common Stock10b5-1
-201$1,133.02$228k5,191May 2, 2025
May 1, 2025SOpen-market sale
Common Stock10b5-1
-400$1,135.16$454k4,791May 2, 2025
May 1, 2025SOpen-market sale
Common Stock10b5-1
-300$1,136.38$341k4,491May 2, 2025
May 1, 2025SOpen-market sale
Common Stock10b5-1
-400$1,138.01$455k4,091May 2, 2025
May 1, 2025SOpen-market sale
Common Stock10b5-1
-300$1,139.37$342k3,791May 2, 2025
May 1, 2025SOpen-market sale
Common Stock10b5-1
-100$1,142.09$114k3,691May 2, 2025
May 1, 2025MOption exercise
Non-Qualified Stock Option (right to buy)derivative10b5-1
-486$0.00$00May 2, 2025
May 1, 2025MOption exercise
Non-Qualified Stock Option (right to buy)derivative10b5-1
-2,115$0.00$01,145May 2, 2025

Related signals

Other insiders at NETFLIX INC and this insider’s other filings.

ScoreCompanyInsiderValueHoldingsFiled
0Weak
NFLXsell10b5-1
NETFLIX INC
Richard N Barton
director
$109k
1,440 shares
-45%
0Weak
NFLXsell10b5-1
NETFLIX INC
Richard N Barton
director
$56k
720 shares
-23%
63Notable
NFLXsell 5
NETFLIX INC
Spencer Adam Neumann
Chief Financial Officer
$701k
9,248 shares
-11%
26Weak
NFLXsell 510b5-1
NETFLIX INC
Richard N Barton
director
$162k
2,160 shares
-90%
70Notable
NFLXsell 5
NETFLIX INC
Gregory K Peters
Co-CEO
$2.0M
27,312 shares
-18%
31Weak
NFLXsell 5
NETFLIX INC
David A Hyman
Chief Legal Officer
$417k
5,723 shares
-2%
40Moderate
NFLXsell 510b5-1
NETFLIX INC
Theodore A Sarandos
Co-CEO
$9.7M
133,162 shares
-43%
15Weak
NFLXsell10b5-1
NETFLIX INC
Bradford L Smith
director
$2.8M
35,990 shares
-31%
25Weak
NFLXsell10b5-1
NETFLIX INC
Reed Hastings
Executive Chairman
$33M
386,700 shares
-99%
65Notable
NFLXsell 5
NETFLIX INC
Spencer Adam Neumann
Chief Financial Officer
$823k
9,253 shares
-11%

Not investment advice. Scores and forward returns are decision support built from public SEC filings and past prices; they describe what happened after comparable filings, not what will happen after this one. Do your own research and size your risk.

Spencer Adam Neumann sold $2.9M of NFLX | InsiderTell