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sellWeak cluster of 510b5-1 plan

Spencer Adam Neumann sold $3.4M of NFLX

Chief Financial Officer at NETFLIX INC. 2,601 shares at an average of $1,307.22, traded Jul 1, 2025, filed Jul 2, 2025.

Warning score
37
Value
$3.4M
2,601 shares
Holdings after
3,691
-41% from before
From 52-week low
+90%
low $68.15, close $129.36
From 52-week high
-3%
high $133.91, as of Jul 1, 2025

Score components

  • Role
    CFO
    +22
  • Trade size
    $3.4M at market
    +25
  • Share of holdings sold
    Sold 41% of holdings
    +10
  • Cluster
    5 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 -9.8%, 3m -8.9%, 6m -27.0%.

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 Jul 2, 2025: -45.3%SPY +27.1% · excess -72.4%

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 0001065280-25-000315, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
Jul 1, 2025MOption exercise
Common Stock10b5-1
+696$289.29$201k4,387Jul 2, 2025
Jul 1, 2025MOption exercise
Common Stock10b5-1
+1,905$309.99$591k6,292Jul 2, 2025
Jul 1, 2025SOpen-market sale
Common Stock10b5-1
-100$1,283.72$128k6,192Jul 2, 2025
Jul 1, 2025SOpen-market sale
Common Stock10b5-1
-100$1,286.27$129k6,092Jul 2, 2025
Jul 1, 2025SOpen-market sale
Common Stock10b5-1
-100$1,288.14$129k5,992Jul 2, 2025
Jul 1, 2025SOpen-market sale
Common Stock10b5-1
-201$1,292.78$260k5,791Jul 2, 2025
Jul 1, 2025SOpen-market sale
Common Stock10b5-1
-200$1,294.10$259k5,591Jul 2, 2025
Jul 1, 2025SOpen-market sale
Common Stock10b5-1
-400$1,295.65$518k5,191Jul 2, 2025
Jul 1, 2025SOpen-market sale
Common Stock10b5-1
-100$1,296.78$130k5,091Jul 2, 2025
Jul 1, 2025SOpen-market sale
Common Stock10b5-1
-200$1,298.66$260k4,891Jul 2, 2025
Jul 1, 2025SOpen-market sale
Common Stock10b5-1
-100$1,300.20$130k4,791Jul 2, 2025
Jul 1, 2025SOpen-market sale
Common Stock10b5-1
-100$1,301.84$130k4,691Jul 2, 2025
Jul 1, 2025SOpen-market sale
Common Stock10b5-1
-100$1,308.03$131k4,591Jul 2, 2025
Jul 1, 2025SOpen-market sale
Common Stock10b5-1
-100$1,317.11$132k4,491Jul 2, 2025
Jul 1, 2025SOpen-market sale
Common Stock10b5-1
-100$1,323.19$132k4,391Jul 2, 2025
Jul 1, 2025SOpen-market sale
Common Stock10b5-1
-300$1,330.67$399k4,091Jul 2, 2025
Jul 1, 2025SOpen-market sale
Common Stock10b5-1
-100$1,331.30$133k3,991Jul 2, 2025
Jul 1, 2025SOpen-market sale
Common Stock10b5-1
-200$1,334.27$267k3,791Jul 2, 2025
Jul 1, 2025SOpen-market sale
Common Stock10b5-1
-100$1,337.05$134k3,691Jul 2, 2025
Jul 1, 2025MOption exercise
Non-Qualified Stock Option (right to buy)derivative10b5-1
-696$0.00$02,905Jul 2, 2025
Jul 1, 2025MOption exercise
Non-Qualified Stock Option (right to buy)derivative10b5-1
-1,905$0.00$00Jul 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 $3.4M of NFLX | InsiderTell