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sellWeak cluster of 610b5-1 plan

Spencer Adam Neumann sold $3.0M of NFLX

Chief Financial Officer at NETFLIX INC. 2,601 shares at an average of $1,162.40, traded Aug 1, 2025, filed Aug 4, 2025.

Warning score
37
Value
$3.0M
2,601 shares
Holdings after
3,691
-41% from before
From 52-week low
+70%
low $68.15, close $115.86
From 52-week high
-13%
high $133.91, as of Aug 1, 2025

Score components

  • Role
    CFO
    +22
  • Trade size
    $3.0M at market
    +25
  • Share of holdings sold
    Sold 41% of holdings
    +10
  • Cluster
    6 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 +4.7%, 3m -6.1%, 6m -29.3%.

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 Aug 4, 2025: -40.0%SPY +25.0% · excess -65.0%

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 0001065280-25-000327, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
Aug 1, 2025MOption exercise
Common Stock10b5-1
+2,601$289.29$752k6,292Aug 4, 2025
Aug 1, 2025SOpen-market sale
Common Stock10b5-1
-500$1,156.61$578k5,792Aug 4, 2025
Aug 1, 2025SOpen-market sale
Common Stock10b5-1
-601$1,157.87$696k5,191Aug 4, 2025
Aug 1, 2025SOpen-market sale
Common Stock10b5-1
-100$1,159.95$116k5,091Aug 4, 2025
Aug 1, 2025SOpen-market sale
Common Stock10b5-1
-400$1,161.87$465k4,691Aug 4, 2025
Aug 1, 2025SOpen-market sale
Common Stock10b5-1
-200$1,163.28$233k4,491Aug 4, 2025
Aug 1, 2025SOpen-market sale
Common Stock10b5-1
-200$1,165.57$233k4,291Aug 4, 2025
Aug 1, 2025SOpen-market sale
Common Stock10b5-1
-100$1,168.21$117k4,191Aug 4, 2025
Aug 1, 2025SOpen-market sale
Common Stock10b5-1
-200$1,169.93$234k3,991Aug 4, 2025
Aug 1, 2025SOpen-market sale
Common Stock10b5-1
-200$1,171.22$234k3,791Aug 4, 2025
Aug 1, 2025SOpen-market sale
Common Stock10b5-1
-100$1,176.48$118k3,691Aug 4, 2025
Aug 1, 2025MOption exercise
Non-Qualified Stock Option (right to buy)derivative10b5-1
-2,601$0.00$0304Aug 4, 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%
25Weak
NFLXsell10b5-1
NETFLIX INC
Reed Hastings
Executive Chairman
$33M
386,700 shares
-99%
26Weak
NFLXsell 2
NETFLIX INC
David A Hyman
Chief Legal Officer
$504k
5,722 shares
-2%
33Weak
NFLXsell 210b5-1
NETFLIX INC
Reed Hastings
Executive Chairman
$38M
407,550 shares
-99%
25Weak
NFLXsell10b5-1
NETFLIX INC
Reed Hastings
Executive Chairman
$40M
420,550 shares
-99%
33Weak
NFLXsell 210b5-1
NETFLIX INC
Reed Hastings
Executive Chairman
$40M
410,550 shares
-99%
30Weak
NFLXsell 210b5-1
NETFLIX INC
Spencer Adam Neumann
Chief Financial Officer
$2.8M
28,630 shares
-28%
30Weak
NFLXsell 210b5-1
NETFLIX INC
Spencer Adam Neumann
Chief Financial Officer
$5.5M
57,260 shares
-44%
47Moderate
NFLXsell 5
NETFLIX INC
David A Hyman
Chief Legal Officer
$464k
5,727 shares
-2%

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 $3.0M of NFLX | InsiderTell