Insider trade

Officer sold ~$2.07M of NFLX shares in the open market

Traded Jan 16, 2026 · Filed Jan 20, 2026

NetflixNFLX

~$2.07M
Reported value · 23K sh @ $88.1098: 316K
Holds after · shares reported: -22.9%
stock since the trade · S&P 500 +10.5%, $88.00 → $67.85 on Oct 1

Why it stands out

Netflix's Chief Legal Officer sold $2.07M of Netflix shares. It was planned long ago, so it says very little.

Written from the filing's own figures. OQRO describes what was reported and never tells you what to buy or sell

View the official recordSEC Form 4 — Statement of Changes in Beneficial Ownership

All the details

Dates, kept separate

Transaction date: Jan 16, 2026
Reporting period: Not applicable
Filed with the SEC: Jan 20, 2026

Officer$1M+Pre-arranged plan referenced

Context

Classification

open market sale

Code S — open-market or private sale

Absolute commitment

~$2,065,206

Shares × reported transaction price

Timing vs results

87 days after results of Oct 21, 2025, 4 days before results of Jan 20, 2026

Results dates are the company's own 8-K (Item 2.02). Many companies only let insiders trade in a window after results

Price at the time

Closed at $88.00 on Jan 16, 2026, within 3% of its 52-week low, after a 15% drop over the previous 30 trading days

52-week range $85.586 (Apr 4, 2025) to $133.913 (Jun 30, 2025), 5% of the way up, from 251 adjusted closes. 30 trading days earlier: $103.96 on Dec 3, 2025. Describes the past only, not a forecast

Planned / mechanical clue

Footnote references a pre-arranged trading plan (Rule 10b5-1)

Only flagged when a footnote says so; never inferred

After it was reported

After	Stock	S&P 500	Difference
7 days	-0.8%	+1.5%	-2.3%
30 days	-7.8%	+0.6%	-8.4%
90 days	+8.5%	+2.7%	+5.7%
180 days	-20.8%	+8.3%	-29.1%

Past results only. Not a forecast.

Source receipt

Record ID: 0001507747-26-000002
Filed / recorded: Jan 20, 2026, 10:17 PM UTC
Added to OQRO: Oct 2, 2026, 3:52 AM UTC
Parser: form4-xml-v1
Data quality: Verified: identifiers matched exactly
Issuer: NETFLIX INC
Issuer CIK: 1065280
Ticker: NFLX
Reporting person: David A Hyman
Relationship: Officer
Officer title: Chief Legal Officer
Security: Common Stock
Table: Non-derivative (Table I)
Transaction date: Jan 16, 2026
Transaction code: S
Shares / units: 23,439
Price per share: $88.1098
Acquired / disposed: Disposed (D)
Shares owned after: 316,100
Ownership form: Direct
Amendment: No

Footnotes from the filing

Transaction made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 8/5/2025.
This transaction was executed in multiple trades at prices ranging from $87.83 to $88.50. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

Around the same time

8mo ago

Congress trade

$1,001 - $15,000Reported range · official band, not an exact amount

10 different filers disclosed NFLX within 90 days. Disclosed 38 days after the transaction; reported as an official range, not an exact amount.

Why it stands out Official record

Officer sold8mo ago

~$464KReported value · 5,727 sh @ $81.0601

Netflix's Chief Legal Officer sold $464K of Netflix shares. Nobody planned it ahead of time.

Why it stands out Official record

CEO sold8mo ago

~$1.22MReported value · 15K sh @ $82.741

The boss of Netflix sold $1.22M of Netflix shares. Nobody planned it ahead of time.

Why it stands out Official record