Summary by Futu AI
Reed Hastings, Executive Chairman of Netflix, completed a series of transactions on 12/02/2024. He exercised options to acquire 48,363 shares of common stock at $59.02 per share. Subsequently, he sold the same number of shares in multiple transactions at prices ranging from $885.66 to $901.54 per share.The total market value of the disposed shares amounted to approximately $43.36 million. Following these transactions, Hastings holds 114 shares directly. Additionally, he maintains an indirect ownership of 2,154,241 shares through a trust.These transactions were completed on the same day, reflecting strategic financial decisions by Hastings in managing his holdings in Netflix.