Multiple Netflix Executives Report Insider Stock Activity
Netflix's CEO, co-CEOs, CFO, CLO, and co-founder report insider stock activity. CFO settles tax obligations with company stock, and CEO and co-CEOs dispose of shares.
Netflix has seen a flurry of insider stock activity on May 5, with executives exercising stock options and settling tax obligations. Co-CEO Reed Hastings' co-founder sold nearly $38 million in shares, while another co-CEO,, reported 27,312-share insider sale, and CFO exercises 4,903 units, selling 596 shares.
The news is not limited to the co-CEO and CFO. CLO Hyman sold shares following their RSU vesting and tax withholding, and two other executives are said to have settled tax obligations with company stock [docs 1, 6].
In other news, Fortinet's CFO Ohlgart sells $53,461 of company stock, while CEO Ken Xie sells $476,000 in stock.
The flurry of insider activity may signal a shift in executive confidence in Netflix's performance, but no official announcement from the company has been made.
Related Stocks
Powered by SentiSense - Intelligent Market Analysis