The cluster is too small relative to market cap to warrant action. Monitor for any follow-up filings (e.g., Form 4 clusters with larger dollar volumes) or fundamental news that could explain the selling.
Price Chart
Executive Summary
Insider cluster at Netflix shows four insiders sold shares in a 7-day window, led by founder Reed Hastings ($17.39M). Total open-market sales of $19.86M are trivial relative to Netflix's $371.7B market cap (0.0053%). The cluster also includes routine derivative exercises and tax withholdings. No material signal.
Key Financial Metrics
Key Facts
- Total open-market insider sales: ~$19.86M (0.005% of $371.7B market cap)
- Founder Reed Hastings sold 188,400 shares worth $17.39M on May 1, 2026
- CFO, Co-CEO, and CLO sold smaller amounts totaling ~$2.47M
- Multiple non-cash derivative exercises and tax withholdings also reported
Financial Impact
Total insider selling of ~$19.86M is negligible for a $371.7B company
Risk Factors
- No material risk identified; insider selling is routine and minimal
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-1778191832199 |
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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