Skip to content
sellModerate cluster of 510b5-1 plan

Reed Hastings sold $38M of NFLX

Executive Chairman at NETFLIX INC. 407,550 shares at an average of $93.13, traded May 1, 2026, filed May 4, 2026.

Warning score
40
Value
$38M
407,550 shares
Holdings after
3,940
-99% from before
From 52-week low
+21%
low $75.86, close $92.06
From 52-week high
-31%
high $133.91, as of May 1, 2026

Score components

  • Role
    Director
    +15
  • Trade size
    $38.0M at market
    +25
  • Share of holdings sold
    Sold 99% of holdings
    +20
  • 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 -10.4%, 3m -19.4%, 6m -.

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 4, 2026: -22.8%SPY +9.0% · excess -31.7%

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 0001065280-26-000150, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
May 1, 2026MOption exercise
Common Stock10b5-1
+407,550$9.74$4.0M411,490May 4, 2026
May 1, 2026SOpen-market sale
Common Stock10b5-1
-188,425$92.28$17M223,065May 4, 2026
May 1, 2026SOpen-market sale
Common Stock10b5-1
-105,791$93.54$9.9M117,274May 4, 2026
May 1, 2026SOpen-market sale
Common Stock10b5-1
-113,334$94.17$11M3,940May 4, 2026
May 1, 2026MOption exercise
Non-Qualified Stock Option (right to buy)derivative10b5-1
-407,550$0.00$00May 4, 2026
May 1, 2026AGrant or award
Non-Qualfied Stock Option (right to buy)derivative10b5-1
+679$0.00$0679May 4, 2026

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%
11Weak
NFLXsell10b5-1
NETFLIX INC
Richard N Barton
director
$162k
2,160 shares
-90%
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%
70Notable
NFLXsell 5
NETFLIX INC
Gregory K Peters
Co-CEO
$2.4M
27,312 shares
-18%
33Weak
NFLXsell 5
NETFLIX INC
David A Hyman
Chief Legal Officer
$504k
5,722 shares
-2%
50Moderate
NFLXsell 5
NETFLIX INC
Theodore A Sarandos
Co-CEO
$2.4M
27,312 shares
-9%
30Weak
NFLXsell 210b5-1
NETFLIX INC
Spencer Adam Neumann
Chief Financial Officer
$2.8M
28,630 shares
-28%

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.

Reed Hastings sold $38M of NFLX | InsiderTell