Trade Summary

Yesterday, Sarandos Theodore A, serving as Co-CEO at Netflix Inc (NFLX), sold 27,312 shares at $87.97 per share, for a total transaction value of $2,402,627.00. Following this transaction, Sarandos Theodore A now holds 284,804 shares of NFLX.

This sale represents a 9.00% decrease in Sarandos Theodore A's stake in the company. This is considered a high-conviction trade given the significant change in ownership.

The trade was executed on Tuesday, May 5, 2026 and publicly disclosed via SEC Form 4 filing on Tuesday, May 5, 2026, meaning the disclosure happened on the same day as the trade.

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.