Summary by Moomoo AI
Reed Hastings, Executive Chairman of Netflix, executed a series of transactions on 01/02/2025. Hastings first acquired 35,868 shares at $79.5757 per share through the exercise of derivative securities. He then sold an equal number of shares in multiple transactions at prices ranging from $879.1528 to $897.0233 per share.The total value of the disposed shares amounted to approximately $31.85 million. After these transactions, Hastings directly owns 114 shares of Netflix common stock. Additionally, he indirectly holds 2,154,241 shares through a trust.These transactions appear to be part of a planned sale, likely for portfolio diversification or personal financial management. The significant difference between the acquisition and sale prices suggests a substantial gain for the executive, though tax implications are not disclosed.
