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SEC EDGARJUN 21 min read$NFLX

HASTINGS REED sold $33.2M of NFLX

HASTINGS REED sold 386,700 shares of NETFLIX INC (NFLX) at an average of $85.97 ($85.85–$86.73, $33.24M total) across 2 trades on 2026-06-01 under a Rule 10b5-1 trading plan.

Original reporting
SEC EDGAR · HASTINGS REED
Published Jun 2, 2026, 8:13 PM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Sep 28, 2026, 3:43 AM UTC. Informational, not investment advice.
How this was made
AlphAI summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
About AlphAI AI DeskScoring methodologyReport an issue
AlphAI market briefInsider activity
Primary signal
$NFLX
Bearish
medium confidence
Mentioned
$NFLX
Relevance
6/10
AlphAI data visualization · based on SEC EDGAR
Decision brief

The 30-second read

$NFLXBearishMed
01

Why it matters

The transaction represents a material insider divestment that could influence short‑term price action.

02

Market read

Direct insider sale of $33M may prompt traders to reassess short‑term positioning in NFLX.

03

What to watch

Potential tax planning or portfolio rebalancing could be driving the transaction.

Relevance 6/10Novelty 7/10Timing: after-hours today

Background

SEC Form 4 filing discloses a director's open‑market sale under a pre‑arranged 10b5‑1 plan.

Company-level read

Ticker impact

$NFLXBearishMedium confidence
Context

Director Hastings Reed sold 386,700 shares for $33.2M via a 10b5‑1 plan on 2026‑06‑01.

Expected impact

likely downward pressure as the market prices in the insider sell.

Evidence & confidence

A $33M sale by a director is material for a large‑cap stock and often triggers short‑term selling pressure.

Market effects

Sector

Minimal impact on the streaming sector beyond Netflix.

Regional

U.S. market only; no broader regional effect.

Global

Limited to investors tracking Netflix and related media stocks.

Counterpoint

What could challenge this read

The sale may be a routine liquidity event unrelated to company fundamentals.

Key entities

  • Director
    Hastings Reed

    Director of Netflix who sold shares.

  • Company
    Netflix Inc.

    Streaming media company (ticker NFLX).

Read at source← All news

Full insider trading history

This story covers one filing. See everything behind it: every insider buy and sell on record, 10b5-1 plans, late filings, and which officers and directors are trading.

NFLX insider trading history →

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