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.