Netflix CFO Spencer Neumann Sells 9,253 Shares in RSU Vest
As seen on the 24/7 Wall St. homepage on November 5, 2026.
Netflix's CFO took the vesting cash rather than the shares, selling 9,253 shares at $66.15 and trimming about 12% of his stake on the day. The sales were funded entirely by RSUs that vested, making this routine compensation harvesting. No open-market buying appears in the filing.
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Spencer Adam Neumann, Netflix's chief financial officer, sold 9,253 shares on November 5, 2026, trimming roughly 12% of his holdings in a single day.
The shares sold were funded entirely by restricted stock units that vested, meaning Neumann did not go into the open market to unload a discretionary position. This kind of sale, often called a "sell-to-cover" or compensation harvest, is standard practice when RSUs vest and an executive converts a portion of the award to cash rather than holding the underlying shares.
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No open-market buying appears in the filing, so there is no offsetting signal of conviction from Neumann on the other side of this transaction. That absence is worth noting, though the sale itself carries no inherent bearish read given its RSU-vesting origin.
For investors tracking insider activity, this filing sits in the vesting-related category, a data point about Neumann's compensation structure.
Sources
Mentioned: NFLX
