Insider trade

Director sold ~$13.5M of NFLX shares in the open market

Traded Jan 2, 2026 · Filed Jan 6, 2026

NetflixNFLX

~$13.5M
Reported value · 146K sh @ $92.323: 20K
Holds after · shares reported: -25.4%
stock since the trade · S&P 500 +11.8%, $90.99 → $67.85 on Oct 1

Why it stands out

A board member of Netflix sold $13.5M 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 2, 2026
Reporting period: Not applicable
Filed with the SEC: Jan 6, 2026

Director$1M+Pre-arranged plan referenced

Context

Classification

open market sale

Code S — open-market or private sale

Absolute commitment

~$13,509,071

Shares × reported transaction price

Timing vs results

73 days after results of Oct 21, 2025, 18 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 $90.99 on Jan 2, 2026, 10% above its 52-week low and 32% below its high, after a 20% drop over the previous 30 trading days

52-week range $82.84 (Jan 14, 2025) to $133.913 (Jun 30, 2025), 16% of the way up, from 250 adjusted closes. 30 trading days earlier: $114.09 on Nov 18, 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	-0.4%	+0.3%	-0.6%
30 days	-10.8%	-2.0%	-8.7%
90 days	+9.1%	-4.8%	+13.9%
180 days	-16.1%	+8.6%	-24.7%

Past results only. Not a forecast.

Source receipt

Record ID: 0001065280-26-000002
Filed / recorded: Jan 6, 2026, 2:18 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: Jan 2, 2026
Transaction code: S
Shares / units: 146,324
Price per share: $92.323
Acquired / disposed: Disposed (D)
Shares owned after: 20,138
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 $91.83 to $92.82. 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.