Netflix Inc.
Theodore A Sarandos (Co-CEO) sells NFLX shares
AI-generated summary
Theodore A Sarandos, Co-CEO, Director of Netflix Inc., had RSU vesting for 54,388 shares, tax withholding for 27,076 shares at an average price of $62.34 valued at $1,687,917.84, and an open-market sale of 27,312 shares at an average price of $66.20 valued at $1,808,048.94. After these transactions, the insider directly held 178,954 shares.
Key facts
- Insider
- Theodore A Sarandos · Co-CEO, Director
| Date | Transaction | Shares | Price | Value | Held after | Ownership |
|---|---|---|---|---|---|---|
| Nov 3, 2026 | M · exercise or conversion of a derivativeFootnotes F1 | +14,018 | — | — | 192,972 | Direct |
| Nov 3, 2026 | M · exercise or conversion of a derivativeFootnotes F1 | +25,930 | — | — | 218,902 | Direct |
| Nov 3, 2026 | M · exercise or conversion of a derivativeFootnotes F1 | +14,440 | — | — | 233,342 | Direct |
| Nov 3, 2026 | F · tax withholdingFootnotes F2 | −6,979 | $62.34 | $435,070.86 | 226,363 | Direct |
| Nov 3, 2026 | F · tax withholdingFootnotes F2 | −12,908 | $62.34 | $804,684.72 | 213,455 | Direct |
| Nov 3, 2026 | F · tax withholdingFootnotes F2 | −7,189 | $62.34 | $448,162.26 | 206,266 | Direct |
| Nov 4, 2026 | S · open-market saleFootnotes F3 | −27,312 | $66.20 | $1,808,048.94 | 178,954 | Direct |
| Nov 3, 2026 | M · exercise or conversion of a derivativeRestricted Stock UnitsFootnotes F4, F5 | −25,930 | $0.00 | $0.00 | 0 | Direct |
| Nov 3, 2026 | M · exercise or conversion of a derivativeRestricted Stock UnitsFootnotes F4, F6 | −14,440 | $0.00 | $0.00 | 57,770 | Direct |
| Nov 3, 2026 | M · exercise or conversion of a derivativeRestricted Stock UnitsFootnotes F4, F7 | −14,018 | $0.00 | $0.00 | 112,144 | Direct |
Footnotes
- F1 Reflects restricted stock units (RSUs) that following vesting, settled in shares of Netflix common stock on a one-for-one basis.
- F2 Shares withheld to satisfy tax withholding obligations arising out of the vesting of RSUs.
- F3 This transaction was executed in multiple trades at prices ranging from $66.135 to $66.25. 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.
- F4 Each RSU represents a contingent right to receive one share of Netflix common stock.
- F5 On January 25, 2024, the Reporting Person was granted 311,120 RSUs. Subject to the terms and conditions of the underlying award agreement, 1/12th of the RSUs vest on a quarterly basis beginning on February 3, 2024 (or, to the extent it is not a trading day, the first trading day thereafter).
- F6 On January 23, 2025, the Reporting Person was granted 173,300 RSUs. Subject to the terms and conditions of the underlying award agreement, 1/12th of the RSUs vest on a quarterly basis beginning on February 3, 2025 (or, to the extent it is not a trading day, the first trading day thereafter).
- F7 On January 22, 2026, the Reporting Person was granted 168,216 RSUs. Subject to the terms and conditions of the underlying award agreement, 1/12th of the RSUs vest on a quarterly basis beginning on February 3, 2026 (or, to the extent it is not a trading day, the first trading day thereafter).
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Not investment advice. Summaries can contain errors; the SEC filing is the official record.