Summary by Futu AI
Netflix Inc officer Reed Hastings is set to sell 25,074 common shares of the company on September 3, 2024, according to a recent filing. The shares, acquired through stock options, have an aggregate market value of approximately $17.07 million. The transaction is part of a pre-arranged trading plan adopted on August 8, 2023. Hastings' sale is in line with his previous transactions over the past three months, which totaled 905,368 shares for gross proceeds of over $575.92 million.