Netflix CFO Spencer Neumann Sells 9,253 Shares

What Happened

Spencer Neumann, Chief Financial Officer of Netflix, sold 9,253 shares of Netflix stock in an open-market transaction on May 7, 2026. The shares were disposed at $88.95 per share for total proceeds of approximately $823,075. This was a sale (not a purchase), which is often routine insider selling and not necessarily a signal about the company’s prospects.

Key Details

• Transaction date: May 7, 2026
• Transaction type/code: Open-market sale (S)
• Shares sold: 9,253 at $88.95 per share
• Total value: ~$823,075
• Shares owned after transaction: Not specified in the provided excerpt — see the full Form 4 for post-transaction holdings.
• Footnotes/plans: No 10b5‑1 plan, tax-withholding or other footnotes were provided in the excerpt.
• Filing info/timeliness: Report filed May 7, 2026 (Accession No. 0001065280-26-000172); no late filing indicated in the provided data.

Context

Insider sales are common for executives and can reflect diversification, tax planning, or routine selling under prearranged plans; they do not, by themselves, prove a change in company outlook. For complete details (post-transaction holdings, any footnotes or plans), review the full Form 4 linked by the accession number.