Netflix Director Reed Hastings sells ~410k shares for $39.8M following option exercise.

Reed Hastings, Director of Netflix, executed a significant transaction on March 2, 2026, exercising 410,550 stock options at a strike price of $9.667 and immediately selling the underlying shares. The sales were conducted in multiple tranches with a weighted average price of approximately $97.01, resulting in total proceeds of roughly $39.8 million. Following this disposition, Hastings directly holds 3,940 shares, though he retains a substantial indirect holding of over 21.1 million shares via the Hastings-Quillin Family Trust. The transactions were carried out pursuant to a Rule 10b5-1 trading plan adopted in August 2023.