Summary by Futu AI
Netflix Inc Officer Reed Hastings is set to sell 45,290 common shares of the company, with an aggregate market value of approximately $31.98 million, on October 1, 2024. The shares to be sold were acquired on the same date through stock options, with the transaction involving a cash payment. This planned sale follows a three-month period where Hastings sold a total of 910,499 shares, grossing over $580 million. The notice of the upcoming sale was filed on October 1, 2024, with the plan for the transaction having been adopted on August 8, 2023.