The insider selling cluster is too small to be informative. Monitor for any upcoming earnings or material corporate events that could provide context, but this filing alone does not warrant a trading response.
Price Chart
Executive Summary
Five Netflix insiders, including both Co-CEOs and the CFO, sold a total of $5.29M in open-market sales over a 7-day window. The total value represents less than 0.002% of the company's $308.7B market cap, making this a routine and immaterial cluster. Insider sales are generally weak predictors, and the trivial dollar amount relative to market cap provides no actionable signal.
Key Financial Metrics
Key Facts
- 5 insiders sold shares totaling $5.29M in open-market transactions from Aug 4-10, 2026.
- Sellers include Co-CEOs Theodore Sarandos and Gregory Peters, CFO Spencer Neumann, Chief Legal Officer David Hyman, and Director Richard Barton.
- Total sales represent ~0.0017% of Netflix's $308.7B market cap — well below the 0.1% threshold for materiality.
- No insider purchases were reported in the cluster; all transactions were sales.
Financial Impact
Total insider sales of $5.29M, negligible relative to $308.7B market cap.
Risk Factors
- Insider sales could be misinterpreted as a bearish signal by retail traders, but the dollar amount is trivial.
- No offsetting insider buying exists to provide a bullish counter-signal.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-NFLX-1786394094983 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 29, 2026 19d ago | ANALYST-UPGRADE | — | awaiting T+20 | — | — |
Sep 18, 2026 4w ago | ANALYST-DOWNGRADE | — | awaiting T+20 | — | — |
Sep 14, 2026 4w ago | Press Release | $80.32 $70.61 | ▼ −12.09% | ▼ −14.35% | $70.53 (−12.19%) |
Aug 10, 2026 9w ago | Insider Cluster | $74.79 $76.03 | ▲ +1.66% | ▲ +2.72% | $70.53 (−5.70%) |
Aug 6, 2026 10w ago | Insider Cluster | $73.67 $82.67 | ▲ +12.22% | ▲ +11.62% | $70.53 (−4.26%) |
Aug 4, 2026 10w ago | Insider Cluster | $73.55 $80.81 | ▼ −9.88% | ▼ −11.11% | $70.53 (+4.10%) |
Jul 17, 2026 13w ago | ANALYST-DOWNGRADE | — | awaiting T+20 | — | — |
Jun 1, 2026 19w ago | 144 | $83.32 $74.19 | ▼ −10.95% | ▼ −9.14% | $70.53 (−15.35%) |
May 12, 2026 22w ago | Court Ruling | $87.65 $82.00 | ▼ −6.44% | ▼ −4.72% | $70.53 (−19.53%) |
May 7, 2026 23w ago | 144 | $87.45 $82.18 | ▼ −6.02% | ▼ −6.05% | $70.53 (−19.34%) |
US Market Status
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