Reed Hastings, a Director at Netflix Inc. (NFLX), sold 332,917 shares of the company's stock on June 2, 2026. The transactions were executed at an average price of $85.85 per share, resulting in a total value of approximately $28.58 million.
This sale marks a significant divestment by a key insider. While insider sales can be driven by various factors such as portfolio diversification, tax obligations, or pre-arranged trading plans, they are often closely watched by the market.
The sale occurred in proximity to other insider transactions at Netflix, including a sale of 53,783 shares by Hastings on June 1, 2026. Other executives have also made sales in recent weeks, a trend that investors may consider when evaluating the stock.