Insider trade

CEO sold ~$638K of NFLX shares in the open market

Traded May 5, 2026 · Filed May 5, 2026

NetflixNFLX

~$638K
Reported value · 7,256 sh @ $87.9738: 292K
Holds after · shares reported: -23.2%
stock since the trade · S&P 500 +7.0%, $87.89 → $67.50 on Oct 5

Why it stands out

The boss of Netflix sold $638K of Netflix shares. Nobody planned it ahead of time.

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: May 5, 2026
Reporting period: Not applicable
Filed with the SEC: May 5, 2026

CEO$500K–$1M

Context

Classification

open market sale

Code S — open-market or private sale

Absolute commitment

~$638,338

Shares × reported transaction price

Timing vs results

19 days after results of Apr 16, 2026, 72 days before results of Jul 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 $87.89 on May 5, 2026, 16% above its 52-week low and 34% below its high, after a 6% drop over the previous 30 trading days

52-week range $75.86 (Feb 12, 2026) to $133.913 (Jun 30, 2025), 21% of the way up, from 251 adjusted closes. 30 trading days earlier: $93.38 on Mar 23, 2026. Describes the past only, not a forecast

Planned / mechanical clue

None found in footnotes

Only flagged when a footnote says so; never inferred

After it was reported

After	Stock	S&P 500	Difference
7 days	-0.8%	+1.2%	-2.0%
30 days	-6.9%	+0.5%	-7.4%
90 days	-16.6%	+5.1%	-21.8%

Past results only. Not a forecast.

Source receipt

Record ID: 0001065280-26-000169
Filed / recorded: May 5, 2026, 10:45 PM 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: Theodore A Sarandos
Relationship: Director, Officer
Officer title: Co-CEO
Security: Common Stock
Table: Non-derivative (Table I)
Transaction date: May 5, 2026
Transaction code: S
Shares / units: 7,256
Price per share: $87.9738
Acquired / disposed: Disposed (D)
Shares owned after: 291,843
Ownership form: Direct
Amendment: No

Footnotes from the filing

This transaction was executed in multiple trades at prices ranging from $87.9242 to $88.00 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

4mo ago

387KShares · @ $10.263

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

Why it stands out Official record

Director sold ~$28.6M of Netflix

Scheduled in advance4mo ago

Director sold ~$4.66M of Netflix

Scheduled in advance4mo ago