Summary by Futu AI
Reed Hastings, an officer at Netflix, plans to sell 48,363 common shares on 12/02/2024. The shares, acquired through stock options, have an aggregate market value of approximately $43.36 million. This transaction follows a series of sales over the past three months, where Hastings sold a total of 111,965 shares, generating gross proceeds of about $80.59 million.The previous sales included 25,074 shares on 09/03/2024, 45,290 shares on 10/01/2024, and 41,601 shares on 11/01/2024. These transactions resulted in gross proceeds of $17.07 million, $31.98 million, and $31.54 million, respectively. The planned sale on 12/02/2024 is part of a pre-established trading plan adopted on 08/08/2023.