Netflix Chief Legal Officer David A. Hyman Sells $370K in Shares Post-RSU Vesting
NETFLIX INC
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Filing Summary
### Insider Transaction Alert: NETFLIX INC ($NFLX)
**Insider:** David A. Hyman (Chief Legal Officer)
**Transaction Date:** November 4, 2026
**Action:** Open Market Sale (Code S)
**Shares Sold:** 5,727
**Price per Share:** $64.55
**Total Value:** $369,677.85
**Post-Transaction Ownership:** 166,100 direct shares
**Summary:** Sale corresponds to net vested shares acquired from quarterly RSU settlements on November 3, 2026.
Comprehensive Analysis
Executive Summary
On November 4, 2026, David A. Hyman, Chief Legal Officer of Netflix, Inc. ($NFLX), reported the sale of 5,727 shares of common stock at an average price of $64.55 per share, yielding gross proceeds of approximately $369,678.
Transaction Details
- RSU Vesting & Conversions (2026-11-03):
- Acquired an aggregate of 11,409 shares of common stock upon the vesting of restricted stock units (RSUs) across three grant tranches (5,440 shares, 3,030 shares, and 2,939 shares).
- Tax Withholdings (2026-11-03):
- A total of 5,682 shares were surrendered at $62.34 per share to cover statutory tax withholding obligations associated with the vestings.
- Open Market Sale (2026-11-04):
- Sold 5,727 shares at $64.55. These 5,727 shares represent the exact net balance of shares delivered from the November 3 vesting after tax withholding.
- Post-Transaction Holdings:
- Following the sale, Mr. Hyman continues to directly hold 166,100 shares of Netflix common stock, in addition to unvested RSUs.
Significance Assessment
The trading significance is evaluated as Low. The open-market disposition represents a routine liquidity event disposing of net-delivered shares following quarterly RSU vesting cycles. Mr. Hyman retains a substantial equity stake exceeding 166,000 direct shares.
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