Reed Hastings, co-founder and former chief executive of Netflix (NFLX), just sold more than 400,000 shares worth roughly $40 million, and that kind of insider move always gets people talking. He also executed another large sale on Dec. 1, 2025, unloading about 377,570 shares for roughly $40.7 million in a single transaction, which adds to the unease around his latest move.
His timing also stands out because the company remains one of the most closely watched names in streaming and media. The scrutiny has only grown after deal drama tied to Warner Bros. (WBD) pushed sentiment lower and raised fresh doubts about where the business goes next.
