Insider trade

CFO sold ~$2.75M of NFLX shares in the open market

Traded Feb 27, 2026 · Filed Mar 3, 2026

NetflixNFLX

~$2.75M
Reported value · 29K sh @ $96.00: 74K
Holds after · shares reported: -29.5%
stock since the trade · S&P 500 +11.4%, $96.24 → $67.85 on Oct 1

Why it stands out

The money chief of Netflix sold $2.75M 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: Feb 27, 2026
Reporting period: Not applicable
Filed with the SEC: Mar 3, 2026

CFO$1M+Pre-arranged plan referenced

Context

Classification

open market sale

Code S — open-market or private sale

Absolute commitment

~$2,748,480

Shares × reported transaction price

Timing vs results

38 days after results of Jan 20, 2026, 48 days before results of Apr 16, 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 $96.24 on Feb 27, 2026, 27% above its 52-week low and 28% below its high, after a 9% rise over the previous 30 trading days

52-week range $75.86 (Feb 12, 2026) to $133.913 (Jun 30, 2025), 35% of the way up, from 251 adjusted closes. 30 trading days earlier: $88.55 on Jan 14, 2026. 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%	-0.5%	-0.3%
30 days	+1.0%	-3.6%	+4.6%
90 days	-12.1%	+11.5%	-23.6%
180 days	-17.0%	+12.8%	-29.8%

Past results only. Not a forecast.

Source receipt

Record ID: 0001065280-26-000089
Filed / recorded: Mar 3, 2026, 1:14 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: Spencer Adam Neumann
Relationship: Officer
Officer title: Chief Financial Officer
Security: Common Stock
Table: Non-derivative (Table I)
Transaction date: Feb 27, 2026
Transaction code: S
Shares / units: 28,630
Price per share: $96.00
Acquired / disposed: Disposed (D)
Shares owned after: 73,787
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 10/23/2025.

Around the same time

6mo ago

654Derivative units

Compensation award — excluded from discretionary-purchase analysis.

Why it stands out Official record

6mo ago

654Derivative units

Compensation award — excluded from discretionary-purchase analysis.

Why it stands out Official record

6mo ago

421KShares · @ $9.437

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

Why it stands out Official record