share_log

Netflix | 144: Notice of proposed sale of securities pursuant to Rule 144

SEC ·  Jan 3 05:46

Summary by Futu AI

Netflix Inc. officer Reed Hastings is set to sell 35,868 shares of common stock on 01/02/2025, with an estimated aggregate market value of $31.85 million. The shares were acquired through stock options from the issuer on the same date, with payment made in cash.This transaction is part of a larger selling pattern. Over the past three months, Hastings has sold a total of 135,254 shares, generating gross proceeds of $106.88 million. Previous sales include 48,363 shares on 12/02/2024 for $43.36 million, 41,601 shares on 11/01/2024 for $31.54 million, and 45,290 shares on 10/01/2024 for $31.98 million.The sale is executed under a plan adopted on 08/08/2023, indicating a pre-arranged trading schedule. This systematic approach to stock sales by company insiders is common practice to comply with regulatory requirements and avoid allegations of insider trading.
Netflix Inc. officer Reed Hastings is set to sell 35,868 shares of common stock on 01/02/2025, with an estimated aggregate market value of $31.85 million. The shares were acquired through stock options from the issuer on the same date, with payment made in cash.This transaction is part of a larger selling pattern. Over the past three months, Hastings has sold a total of 135,254 shares, generating gross proceeds of $106.88 million. Previous sales include 48,363 shares on 12/02/2024 for $43.36 million, 41,601 shares on 11/01/2024 for $31.54 million, and 45,290 shares on 10/01/2024 for $31.98 million.The sale is executed under a plan adopted on 08/08/2023, indicating a pre-arranged trading schedule. This systematic approach to stock sales by company insiders is common practice to comply with regulatory requirements and avoid allegations of insider trading.

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