Insider trade

Director sold ~$3.97M of NFLX shares in the open market

Traded Oct 31, 2025 · Filed Nov 5, 2025

NetflixNFLX

~$3.97M
Reported value · 3,531 sh @ $1,123.4415: 13K
Holds after · shares reported: -39.7%
stock since the trade · S&P 500 +13.6%, $111.886 → $67.50 on Oct 5

Why it stands out

A board member of Netflix sold $3.97M 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: Oct 31, 2025
Reporting period: Not applicable
Filed with the SEC: Nov 5, 2025

Director$1M+Pre-arranged plan referenced

Context

Classification

open market sale

Code S — open-market or private sale

Absolute commitment

~$3,966,872

Shares × reported transaction price

Timing vs results

10 days after results of Oct 21, 2025, 81 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 $111.886 on Oct 31, 2025, 48% above its 52-week low and 16% below its high, after a 9% drop over the previous 30 trading days

52-week range $75.551 (Nov 4, 2024) to $133.913 (Jun 30, 2025), 62% of the way up, from 250 adjusted closes. 30 trading days earlier: $122.697 on Sep 19, 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	+5.4%	+0.9%	+4.5%
30 days	-8.7%	+1.2%	-9.9%
90 days	-27.2%	+1.8%	-29.0%
180 days	-17.1%	+6.0%	-23.1%

Past results only. Not a forecast.

Source receipt

Record ID: 0001065280-25-000414
Filed / recorded: Nov 5, 2025, 1:37 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: Reed Hastings
Relationship: Director
Security: Common Stock
Table: Non-derivative (Table I)
Transaction date: Oct 31, 2025
Transaction code: S
Shares / units: 3,531
Price per share: $1,123.4415
Acquired / disposed: Disposed (D)
Shares owned after: 13,479
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 8/8/2023.
This transaction was executed in multiple trades at prices ranging from $1,123.00 to $1,123.98. 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

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