Neumann Spencer Adam 4

What Happened
Spencer Neumann, Chief Financial Officer of Netflix (NFLX), sold 9,248 shares in an open-market transaction on February 6, 2026. The shares were disposed at a weighted average price of $81.27, generating approximately $751,598 in proceeds. This was a sale (not a purchase or option exercise) and does not by itself indicate insider sentiment about the company's outlook.

Key Details

• Transaction type: Open-market sale (Code S)
• Transaction date: 2026-02-06; Filing date: 2026-02-09 (Form 4 accession 0001065280-26-000081)
• Shares sold: 9,248; weighted average sale price: $81.27; total proceeds: ~$751,598
• Footnote: Transaction executed in multiple trades at prices from $81.2701 to $81.2716; reported price is weighted average (footnote F1). Full trade-level details can be provided upon request.
• Shares owned after transaction: Not specified in the provided excerpt.
• Timeliness: Filed Feb 9, 2026 (appears to be within the typical SEC 2-business-day reporting window).

Context
Insider sales are common for liquidity, diversification, or tax reasons and are not by themselves evidence of company performance. Retail investors often give more weight to insider purchases than routine sales. If you track insider activity, watch for patterns (multiple insiders buying or selling) rather than single transactions.