Insider trade

Director sold ~$998K of NFLX shares in the open market

Traded Jan 15, 2026 · Filed Jan 17, 2026

NetflixNFLX

~$998K
Reported value · 11K sh @ $88.2749: 100K
Holds after · shares reported: -22.9%
stock since the trade · S&P 500 +10.4%, $88.05 → $67.85 on Oct 1

Why it stands out

A board member of Netflix sold $998K 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 15, 2026
Reporting period: Not applicable
Filed with the SEC: Jan 17, 2026

Director$500K–$1MPre-arranged plan referenced

Context

Classification

open market sale

Code S — open-market or private sale

Absolute commitment

~$998,036

Shares × reported transaction price

Timing vs results

86 days after results of Oct 21, 2025, 5 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 $88.05 on Jan 15, 2026, within 5% of its 52-week low, after a 19% drop over the previous 30 trading days

52-week range $84.237 (Jan 16, 2025) to $133.913 (Jun 30, 2025), 8% of the way up, from 251 adjusted closes. 30 trading days earlier: $109.35 on Dec 2, 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	-1.9%	+2.6%	-4.6%
30 days	-11.8%	+1.0%	-12.8%
90 days	+8.7%	+4.6%	+4.1%
180 days	-22.5%	+9.5%	-32.0%

Past results only. Not a forecast.

Source receipt

Record ID: 0001065280-26-000032
Filed / recorded: Jan 17, 2026, 1:00 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: Bradford L Smith
Relationship: Director
Security: Common Stock
Table: Non-derivative (Table I)
Transaction date: Jan 15, 2026
Transaction code: S
Shares / units: 11,306
Price per share: $88.2749
Acquired / disposed: Disposed (D)
Shares owned after: 100,174
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 2/10/2025.
This transaction was executed in multiple trades at prices ranging from $87.84 to $88.835. 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.