Netflix CFO Sells $2.8M in Shares

Spencer Adam Neumann reduces stake by nearly 28% in latest transaction

Apr. 3, 2026 at 10:26pm

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An extreme close-up of complex financial machinery and equipment, conveying the tangible power and security of a major corporation's financial infrastructure.A recent wave of insider stock sales by Netflix's CFO highlights the company's financial strength and the leadership's confidence in its future.Los Gatos Today

Netflix, Inc. (NASDAQ:NFLX) Chief Financial Officer Spencer Adam Neumann sold 28,630 shares of the company's stock on Thursday, April 2nd. The shares were sold at an average price of $98.00, resulting in a total transaction of $2,805,740. Following the sale, Neumann still directly owns 73,787 shares in the company, valued at approximately $7,231,126.

Why it matters

Insider transactions, especially by C-suite executives, can provide insights into a company's performance and the leadership's confidence in its future. Neumann's sale represents a significant 27.95% reduction in his personal stake, which could signal a shift in his outlook or portfolio diversification.

The details

The transaction was disclosed in a filing with the Securities and Exchange Commission. Neumann has made several other recent stock sales, including 28,630 shares on March 2nd for $2,777,110 and 57,260 shares on February 27th for $5,468,330.

  • The shares were sold on Thursday, April 2, 2026.
  • Neumann also sold 28,630 shares on Monday, March 2, 2026.
  • Neumann sold 57,260 shares on Friday, February 27, 2026.
  • Neumann sold 9,248 shares on Friday, February 6, 2026.

The players

Spencer Adam Neumann

The Chief Financial Officer of Netflix, Inc.

Netflix, Inc.

A global entertainment company that provides subscription-based streaming of films, television series, documentaries and other video content.

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The takeaway

Neumann's recent stock sales, totaling over $10 million, suggest he may be taking some chips off the table despite Netflix's strong performance. However, he still maintains a sizable stake in the company, indicating his continued confidence in its long-term prospects.