Peters Gregory K 4

What Happened
Gregory K. Peters, Co‑CEO and director of Netflix (NFLX), sold a total of 27,312 shares in open‑market transactions on February 10, 2026, generating proceeds of approximately $2,273,454. The sales were reported as three separate trades: 14,719 shares at a weighted average price of $82.74 ($1,217,865), 11,283 shares at $83.76 ($945,029), and 1,310 shares at $84.40 ($110,560). These were sales (not purchases), which are typically routine liquidity or diversification transactions rather than an explicit bullish signal.

Key Details

• Transaction date: February 10, 2026; Form 4 filed February 11, 2026 (timely filing).
• Reported trades:
  • 14,719 shares @ $82.74 (proceeds $1,217,865) — footnote F1: multiple trades, price range $82.285–$83.2812 (weighted avg reported).
  • 11,283 shares @ $83.76 (proceeds $945,029) — footnote F2: multiple trades, price range $83.2943–$84.2928.
  • 1,310 shares @ $84.40 (proceeds $110,560) — footnote F3: multiple trades, price range $84.3036–$84.5111.
• Total shares sold: 27,312; total proceeds ≈ $2.27 million.
• Shares owned after transaction: not specified in the provided filing.
• Notable footnotes: Each sale was executed in multiple trades; reported prices are weighted averages and full trade-by-trade details are available on request to the SEC staff or issuer.

Context
Sales by executives are common and can reflect routine needs (taxes, diversification, liquidity). Because these are outright sales rather than purchases or option exercises followed by retention, they do not, by themselves, signal insider confidence or a change in company outlook. No 10b5‑1 plan or other special instruction was disclosed in the provided filing text.