Netflix CFO Spencer Neumann Files Form 144 to Sell $612K in Common Stock

Executive Summary

On November 4, 2026, Spencer Neumann, an officer (Chief Financial Officer) of Netflix, Inc. (NASDAQ: NFLX), submitted a Form 144 notice disclosing an intention to sell 9,253 shares of common stock with an aggregate market value of approximately $612,109.08 through Morgan Stanley Smith Barney LLC.

Transaction Breakdown

• Securities to be Sold: 9,253 common shares.
• Aggregate Market Value: $612,109.08 (implied execution price of approximately $66.15 per share).
• Acquisition Origin: The shares were recently acquired on November 3, 2026, via Restricted Stock Unit (RSU) vesting directly from the issuer.
• Past 3 Months Activity: The filer reported a prior sale of 9,248 common shares on August 10, 2026, for gross proceeds of $700,906.84.

Market & Trading Significance

The proposed sale represents a negligible fraction of Netflix's total outstanding shares (4,106,325,903 shares outstanding). The transaction appears to be a routine liquidation following the vesting of equity-based compensation (RSUs). Given the transaction volume and routine nature, this filing bears low trading significance for broader market sentiment.