Summary by Futu AI
Reed Hastings, Executive Chairman of Netflix Inc. (NFLX), completed a series of transactions involving the sale of common stock on October 1, 2024. Hastings sold a total of 45,290 shares at prices ranging from $699.49 to $714.74, resulting in a total market value of $31,982,072.82. Following these transactions, Hastings directly owns 85 shares of Netflix. Additionally, Hastings has an indirect ownership of 2,154,241 shares held by a trust. The sales were executed as open market or private sales and are part of Hastings' planned divestiture of Netflix shares.