Two insiders at Netflix Inc. (NFLX) have recently sold a significant number of shares, totaling approximately $38.17 million. Director Reed Hastings executed multiple transactions on April 1, 2026, selling a combined 400,000 shares.
These sales included 247,923 shares for roughly $23.72 million at an average price of $95.68 per share, and an additional 152,047 shares for approximately $14.45 million at an average price of $95.02 per share.
While insider selling can be attributed to various personal financial decisions such as diversification or tax planning, multiple sales by insiders within a short period can sometimes attract investor attention.