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sellWeak cluster of 610b5-1 plan

Spencer Adam Neumann sold $2.6M of NFLX

Chief Financial Officer at NETFLIX INC. 2,360 shares at an average of $1,097.56, traded Nov 3, 2025, filed Nov 4, 2025.

Warning score
37
Value
$2.6M
2,360 shares
Holdings after
3,931
-38% from before
From 52-week low
+46%
low $75.55, close $110.01
From 52-week high
-18%
high $133.91, as of Nov 3, 2025

Score components

  • Role
    CFO
    +22
  • Trade size
    $2.6M at market
    +25
  • Share of holdings sold
    Sold 38% 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.

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 Nov 4, 2025: -35.7%SPY +16.5% · excess -52.2%

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 0001065280-25-000411, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
Nov 3, 2025MOption exercise
Common Stock10b5-1
+2,600$269.58$701k6,291Nov 4, 2025
Nov 3, 2025SOpen-market sale
Common Stock10b5-1
-30$1,079.42$32k6,261Nov 4, 2025
Nov 3, 2025SOpen-market sale
Common Stock10b5-1
-40$1,083.20$43k6,221Nov 4, 2025
Nov 3, 2025SOpen-market sale
Common Stock10b5-1
-40$1,084.30$43k6,181Nov 4, 2025
Nov 3, 2025SOpen-market sale
Common Stock10b5-1
-40$1,086.02$43k6,141Nov 4, 2025
Nov 3, 2025SOpen-market sale
Common Stock10b5-1
-40$1,086.95$43k6,101Nov 4, 2025
Nov 3, 2025SOpen-market sale
Common Stock10b5-1
-60$1,087.79$65k6,041Nov 4, 2025
Nov 3, 2025SOpen-market sale
Common Stock10b5-1
-70$1,089.18$76k5,971Nov 4, 2025
Nov 3, 2025SOpen-market sale
Common Stock10b5-1
-60$1,090.06$65k5,911Nov 4, 2025
Nov 3, 2025SOpen-market sale
Common Stock10b5-1
-111$1,091.23$121k5,800Nov 4, 2025
Nov 3, 2025SOpen-market sale
Common Stock10b5-1
-100$1,092.35$109k5,700Nov 4, 2025
Nov 3, 2025SOpen-market sale
Common Stock10b5-1
-110$1,093.43$120k5,590Nov 4, 2025
Nov 3, 2025SOpen-market sale
Common Stock10b5-1
-156$1,094.31$171k5,434Nov 4, 2025
Nov 3, 2025SOpen-market sale
Common Stock10b5-1
-190$1,095.32$208k5,244Nov 4, 2025
Nov 3, 2025SOpen-market sale
Common Stock10b5-1
-250$1,096.34$274k4,994Nov 4, 2025
Nov 3, 2025SOpen-market sale
Common Stock10b5-1
-110$1,097.47$121k4,884Nov 4, 2025
Nov 3, 2025SOpen-market sale
Common Stock10b5-1
-180$1,098.45$198k4,704Nov 4, 2025
Nov 3, 2025SOpen-market sale
Common Stock10b5-1
-244$1,099.46$268k4,460Nov 4, 2025
Nov 3, 2025SOpen-market sale
Common Stock10b5-1
-90$1,100.98$99k4,370Nov 4, 2025
Nov 3, 2025SOpen-market sale
Common Stock10b5-1
-40$1,102.39$44k4,330Nov 4, 2025
Nov 3, 2025SOpen-market sale
Common Stock10b5-1
-10$1,103.72$11k4,320Nov 4, 2025
Nov 3, 2025SOpen-market sale
Common Stock10b5-1
-10$1,105.20$11k4,310Nov 4, 2025
Nov 3, 2025SOpen-market sale
Common Stock10b5-1
-30$1,106.71$33k4,280Nov 4, 2025
Nov 3, 2025SOpen-market sale
Common Stock10b5-1
-30$1,107.95$33k4,250Nov 4, 2025
Nov 3, 2025SOpen-market sale
Common Stock10b5-1
-10$1,108.96$11k4,240Nov 4, 2025
Nov 3, 2025SOpen-market sale
Common Stock10b5-1
-70$1,111.20$78k4,170Nov 4, 2025
Nov 3, 2025SOpen-market sale
Common Stock10b5-1
-40$1,112.10$44k4,130Nov 4, 2025
Nov 3, 2025SOpen-market sale
Common Stock10b5-1
-30$1,113.34$33k4,100Nov 4, 2025
Nov 3, 2025SOpen-market sale
Common Stock10b5-1
-80$1,115.34$89k4,020Nov 4, 2025
Nov 3, 2025SOpen-market sale
Common Stock10b5-1
-89$1,116.63$99k3,931Nov 4, 2025
Nov 3, 2025MOption exercise
Non-Qualified Stock Option (right to buy)derivative10b5-1
-2,600$0.00$00Nov 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
$41M
375,470 shares
-99%
63Notable
NFLXsell 6
NETFLIX INC
Cletus R Willems
Chief Global Affairs Officer
$262k
238 shares
-100%
30Weak
NFLXsell 610b5-1
NETFLIX INC
David A Hyman
Chief Legal Officer
$35M
31,462 shares
-50%
55Moderate
NFLXsell 6
NETFLIX INC
Theodore A Sarandos
Co-CEO
$2.2M
2,027 shares
-12%
49Moderate
NFLXsell 6
NETFLIX INC
Spencer Adam Neumann
Chief Financial Officer
$760k
695 shares
-16%
55Moderate
NFLXsell 6
NETFLIX INC
Gregory K Peters
Co-CEO
$2.2M
2,027 shares
-14%
40Moderate
NFLXsell 610b5-1
NETFLIX INC
Reed Hastings
Executive Chairman
$45M
40,374 shares
-99%
30Weak
NFLXsell 610b5-1
NETFLIX INC
Spencer Adam Neumann
Chief Financial Officer
$269k
240 shares
-6%

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 $2.6M of NFLX | InsiderTell