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sellWeak cluster of 210b5-1 plan

Spencer Adam Neumann sold $2.8M of NFLX

Chief Financial Officer at NETFLIX INC. 28,630 shares at an average of $98.00, traded Apr 2, 2026, filed Apr 3, 2026.

Warning score
30
Value
$2.8M
28,630 shares
Holdings after
73,787
-28% from before
From 52-week low
+30%
low $75.86, close $98.66
From 52-week high
-26%
high $133.91, as of Apr 2, 2026

Score components

  • Role
    CFO
    +22
  • Trade size
    $2.8M at market
    +25
  • Share of holdings sold
    Sold 28% of holdings
    +10
  • Cluster
    2 insiders selling within 14 days
    +8
  • 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 Apr 6, 2026: -28.9%SPY +18.7% · excess -47.6%

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 0001543133-26-000002, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
Apr 2, 2026MOption exercise
Common Stock10b5-1
+7,770$38.11$296k81,557Apr 3, 2026
Apr 2, 2026MOption exercise
Common Stock10b5-1
+20,860$36.41$759k102,417Apr 3, 2026
Apr 2, 2026SOpen-market sale
Common Stock10b5-1
-28,630$98.00$2.8M73,787Apr 3, 2026
Apr 2, 2026MOption exercise
Non-Qualified Stock Option (right to buy)derivative10b5-1
-7,770$0.00$00Apr 3, 2026
Apr 2, 2026MOption exercise
Non-Qualified Stock Option (right to buy)derivative10b5-1
-20,860$0.00$010,610Apr 3, 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%
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 $2.8M of NFLX | InsiderTell