Insider trade

Officer sold ~$34.1M of NFLX shares in the open market

Traded Nov 4, 2025 · Filed Nov 6, 2025

NetflixNFLX

~$34.1M
Reported value · 31K sh @ $1,100.00: 32K
Holds after · shares reported: -38.2%
stock since the trade · S&P 500 +14.8%, $109.296 → $67.50 on Oct 5

Why it stands out

Netflix's Chief Legal Officer sold $34.1M 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: Nov 4, 2025
Reporting period: Not applicable
Filed with the SEC: Nov 6, 2025

Officer$1M+Pre-arranged plan referenced

Context

Classification

open market sale

Code S — open-market or private sale

Absolute commitment

~$34,140,700

Shares × reported transaction price

Timing vs results

14 days after results of Oct 21, 2025, 77 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 $109.296 on Nov 4, 2025, 43% above its 52-week low and 18% below its high, after a 10% drop over the previous 30 trading days

52-week range $76.391 (Nov 5, 2024) to $133.913 (Jun 30, 2025), 57% of the way up, from 250 adjusted closes. 30 trading days earlier: $121.847 on Sep 23, 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	+5.2%	+0.3%	+5.0%
30 days	-11.8%	+2.0%	-13.8%
90 days	-26.9%	+2.4%	-29.3%
180 days	-19.9%	+8.0%	-27.9%

Past results only. Not a forecast.

Source receipt

Record ID: 0001065280-25-000440
Filed / recorded: Nov 6, 2025, 2:43 AM 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: Nov 4, 2025
Transaction code: S
Shares / units: 31,037
Price per share: $1,100.00
Acquired / disposed: Disposed (D)
Shares owned after: 31,610
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.

Around the same time

10mo ago

375KShares · @ $10.57

Derivative exercise or conversion — not an open-market buy.

Why it stands out Official record

Director sold ~$3.94M of Netflix

Scheduled in advance10mo ago

Director sold ~$15.2M of Netflix

Scheduled in advance10mo ago