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sellModerate cluster of 5

Theodore A Sarandos sold $2.4M of NFLX

Co-CEO at NETFLIX INC. 27,312 shares at an average of $87.97, traded May 5, 2026, filed May 5, 2026.

Warning score
50
Value
$2.4M
27,312 shares
Holdings after
284,804
-9% from before
From 52-week low
+16%
low $75.86, close $87.89
From 52-week high
-34%
high $133.91, as of May 5, 2026

Score components

  • Role
    CEO
    +25
  • Trade size
    $2.4M at market
    +25
  • Share of holdings sold
    Sold 8.8% of holdings
    0
  • Cluster
    5 insiders selling within 14 days
    +15
  • Exercise and sell
    Shares came from an option exercise in the same filing
    -15

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 -7.2%, 3m -16.3%, 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 5, 2026: -20.0%SPY +8.0% · excess -28.1%

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 0001065280-26-000169, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
May 4, 2026MOption exercise
Common Stock
+25,920--310,724May 5, 2026
May 4, 2026MOption exercise
Common Stock
+14,450--325,174May 5, 2026
May 4, 2026MOption exercise
Common Stock
+14,018--339,192May 5, 2026
May 4, 2026FTax withholding
Common Stock
-12,903$92.06$1.2M326,289May 5, 2026
May 4, 2026FTax withholding
Common Stock
-7,194$92.06$662k319,095May 5, 2026
May 4, 2026FTax withholding
Common Stock
-6,979$92.06$642k312,116May 5, 2026
May 5, 2026SOpen-market sale
Common Stock
-13,017$87.96$1.1M299,099May 5, 2026
May 5, 2026SOpen-market sale
Common Stock
-7,256$87.97$638k291,843May 5, 2026
May 5, 2026SOpen-market sale
Common Stock
-7,039$87.98$619k284,804May 5, 2026
May 4, 2026MOption exercise
Restricted Stock Unitsderivative
-25,920$0.00$051,860May 5, 2026
May 4, 2026MOption exercise
Restricted Stock Unitsderivative
-14,450$0.00$086,650May 5, 2026
May 4, 2026MOption exercise
Restricted Stock Unitsderivative
-14,018$0.00$0140,180May 5, 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.

Theodore A Sarandos sold $2.4M of NFLX | InsiderTell