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sellModerate cluster of 510b5-1 plan

Theodore A Sarandos sold $9.7M of NFLX

Co-CEO at NETFLIX INC. 133,162 shares at an average of $73.10, traded Aug 3, 2026, filed Aug 4, 2026.

Warning score
40
Value
$9.7M
133,162 shares
Holdings after
178,954
-43% from before
From 52-week low
+8%
low $67.60, close $73.33
From 52-week high
-42%
high $126.32, as of Aug 3, 2026

Score components

  • Role
    CEO
    +25
  • Trade size
    $9.7M at market
    +25
  • Share of holdings sold
    Sold 43% of holdings
    +10
  • 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.

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, 2026: -4.4%SPY +1.2% · excess -5.6%

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 0001065280-26-000234, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
Aug 3, 2026MOption exercise
Common Stock10b5-1
+25,930--310,734Aug 4, 2026
Aug 3, 2026MOption exercise
Common Stock10b5-1
+14,440--325,174Aug 4, 2026
Aug 3, 2026MOption exercise
Common Stock10b5-1
+14,018--339,192Aug 4, 2026
Aug 3, 2026FTax withholding
Common Stock10b5-1
-12,908$71.71$926k326,284Aug 4, 2026
Aug 3, 2026FTax withholding
Common Stock10b5-1
-7,189$71.71$516k319,095Aug 4, 2026
Aug 3, 2026FTax withholding
Common Stock10b5-1
-6,979$71.71$500k312,116Aug 4, 2026
Aug 3, 2026SOpen-market sale
Common Stock10b5-1
-81,891$72.90$6.0M230,225Aug 4, 2026
Aug 3, 2026SOpen-market sale
Common Stock10b5-1
-23,959$73.48$1.8M206,266Aug 4, 2026
Aug 4, 2026SOpen-market sale
Common Stock10b5-1
-27,312$73.35$2.0M178,954Aug 4, 2026
Aug 3, 2026MOption exercise
Restricted Stock Unitsderivative10b5-1
-25,930$0.00$025,930Aug 4, 2026
Aug 3, 2026MOption exercise
Restricted Stock Unitsderivative10b5-1
-14,440$0.00$072,210Aug 4, 2026
Aug 3, 2026MOption exercise
Restricted Stock Unitsderivative10b5-1
-14,018$0.00$0126,162Aug 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%
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%
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%

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.