Netflix Director Richard N. Barton Exercises Options and Sells Shares Under 10b5-1 Plan

Executive Summary

On September 9 and 10, 2026, Netflix Inc. ($NFLX) Director Richard N. Barton exercised non-qualified stock options for 1,440 shares and simultaneously sold them on the open market under a pre-established Rule 10b5-1 trading plan. The total sale transaction generated approximately $109,102 in gross proceeds.

Transaction Details

• September 9, 2026:
  • Exercised 230 options at $20.107 per share and 490 options at $26.507 per share.
  • Sold 720 shares of Common Stock at $76.26 per share ($54,907.20 total value).
• September 10, 2026:
  • Exercised 720 options at $26.507 per share.
  • Sold 720 shares of Common Stock at $75.27 per share ($54,194.40 total value).

Post-Transaction Holdings

• Direct Ownership: 2,460 shares of Common Stock.
• Indirect Ownership: 800 shares held indirectly through Barton Ventures II, LLC.
• Remaining Derivative Holdings: 1,150 stock options expiring February 1, 2028.

Analysis & Context

This transaction reflects routine option exercise and sale activity under a Rule 10b5-1 trading plan adopted on May 4, 2026. The transaction size is relatively modest and has low market impact.