Netflix Co-CEO Theodore Sarandos Files Form 144 to Sell $1.81M in Common Stock

Executive Summary

On November 4, 2026, Theodore A. Sarandos, Officer (Co-CEO) of Netflix Inc. ($NFLX), filed a Form 144 notice of proposed sale of securities. The filing covers 27,312 shares of Common Stock with an estimated aggregate market value of $1,808,050.05.

Transaction & Acquisition Details

• Securities to be Sold: 27,312 shares of Common Stock.
• Origin of Shares: Acquired on November 3, 2026, through Restricted Stock Unit (RSU) vesting directly from the issuer in three tranches (13,022, 7,251, and 7,039 shares).
• Broker: Merrill Lynch, San Francisco, CA.
• Approximate Sale Date: November 4, 2026.

Prior Sales Activity (Past 3 Months)

Within the preceding three months, Sarandos reported the following sales:

• August 3, 2026: 105,850 shares for gross proceeds of $7,730,001.69.
• August 4, 2026: 27,312 shares for gross proceeds of $2,003,422.84.

Market Impact & Significance

The proposed sale represents a fraction of Netflix's total outstanding shares (over 4.1 billion units reported). Given that the shares stem from freshly vested RSUs and follow standard executive compensation liquidation patterns, this transaction carries Low overall trading significance.