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Stocks•5 May 2026•

1 min read

Netflix Co-Founder Reed Hastings Sells $38M in Shares Amid Stock Slump

Key Facts

1Netflix co-founder Reed Hastings sold 407,550 shares of Netflix stock worth nearly $38 million.

2The sale was executed following a trading plan adopted in August 2023.

3NFLX stock has fallen over 15% since reporting disappointing first-quarter earnings and a tepid forecast.

Netflix co-founder Reed Hastings has sold 407,550 shares of the streaming giant, a transaction valued at approximately $38 million. The sale comes at a challenging time for NFLX, which has seen its stock price tumble by more than 15% following disappointing first-quarter earnings and a tepid forward forecast. According to regulatory filings, the liquidation was executed under a pre-arranged trading plan adopted in August 2023. Despite the planned nature of the sale, the timing coincides with a three-day losing streak and broader market skepticism regarding the company's growth trajectory. Insider selling of this magnitude often dampens retail sentiment, especially when paired with weak guidance. Market analysts continue to monitor Netflix's performance as it navigates intensifying competition in the streaming landscape.