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NFLX - Netflix Inc

Insider Sale by Hastings Reed (Dir)

1 Month
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Trade Summary

3 days ago, Hastings Reed, serving as Dir at Netflix Inc (NFLX), sold 410,550 shares at $97.01 per share, for a total transaction value of $39,828,612.00. Following this transaction, Hastings Reed now holds 21,163,516 shares of NFLX.

This sale represents a 2.00% decrease in Hastings Reed's stake in the company. This is considered a medium-conviction trade.

The trade was executed on Monday, March 2, 2026 and publicly disclosed via SEC Form 4 filing on Tuesday, March 3, 2026, 1 day after the trade was made.

Netflix Inc operates in the COMMUNICATION SERVICES sector, specifically within the ENTERTAINMENT industry. Insider selling activity in this sector can provide valuable signals about industry trends and company-specific developments.

Hastings Reed

Hastings Reed

Dir

Wilmot Reed Hastings Jr. (often reported in filings as Hastings Reed) is an American entrepreneur and corporate insider best known as the co‑founder and executive chairman of Netflix, Inc., where he has served on the board and in senior leadership roles since the company’s founding in the late 1990s.[[1]](https://www.britannica.com/money/Reed-Hastings)[[3]](https://conferences.law.stanford.edu/directorscollege2025/speakers/reed-hastings/)[[5]](https://en.wikipedia.org/wiki/Reed_Hastings) He co‑founded Netflix in 1997 after previously founding and taking public Pure Software, and led Netflix as CEO for 25 years before transitioning to executive chairman in 2023, remaining closely involved with the company’s strategic direction and governance.[[1]](https://www.britannica.com/money/Reed-Hastings)[[3]](https://conferences.law.stanford.edu/directorscollege2025/speakers/reed-hastings/)[[4]](https://www.ebsco.com/research-starters/biography/reed-hastings) As a director of Netflix, he continues to be reported as an insider in U.S. securities filings, reflecting his ongoing role in the company’s leadership and his ownership of Netflix stock.[[5]](https://en.wikipedia.org/wiki/Reed_Hastings) Hastings holds a BA in Mathematics from Bowdoin College and a master’s degree in Computer Science from Stanford University, a technical background that informed his early career in software and his data‑driven management style at Netflix.[[2]](https://www.clay.com/dossier/netflix-ceo)[[4]](https://www.ebsco.com/research-starters/biography/reed-hastings) Before Netflix, he founded Pure Software in 1991, guiding it through a 1995 IPO and subsequent acquisitions before it was bought by Rational Software in 1997.[[3]](https://conferences.law.stanford.edu/directorscollege2025/speakers/reed-hastings/)[[4]](https://www.ebsco.com/research-starters/biography/reed-hastings) Under his leadership, Netflix pioneered DVD‑by‑mail subscriptions and then streaming, and later original content such as *House of Cards*, helping redefine global media consumption and establishing Netflix as a leading entertainment and technology company.[[1]](https://www.britannica.com/money/Reed-Hastings)[[4]](https://www.ebsco.com/research-starters/biography/reed-hastings) Beyond Netflix, Hastings is an active educational philanthropist and has served on bodies such as the California State Board of Education and the boards of several education‑focused organizations.[[2]](https://www.clay.com/dossier/netflix-ceo)[[4]](https://www.ebsco.com/research-starters/biography/reed-hastings)

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Trade Price

$97.01

Quantity

410,550

Total Value

$39,828,612.00

Shares Owned

21,163,516

Trade Date

Monday, March 2, 2026

3 days ago

SEC Filing Date

Tuesday, March 3, 2026

Filed 1 day after trade

COMMUNICATION SERVICESENTERTAINMENT

About Netflix Inc

Company Overview

No company information available
View news mentioning NFLX

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