Netflix, Inc. NFLX Chief Executive

What Ted Sarandos says in public, and what their own SEC filings show they own.

Ted Sarandos

Ted Sarandos

Co-CEO · Netflix, Inc.

Co-CEO since 2020. Joined Netflix in 2000. Drove shift to originals (House of Cards, Stranger Things). Time 100 multiple times. Spotify board member.

What they own

Ownership

Skin in the game
1/ 100
Level 1Steward

Sarandos owns about 0% of Netflix, Inc., worth $14.0M at the last close.

SEC filings
265
Stake 178,954 reported shares ≈ 0.0% of shares outstanding — no 13G on file, so an estimate 4/35
Founder No career file yet — the founder axis scores zero until one exists 0/15
Tenure Start date not on file — tenure scores zero until it is 0/10
Track record No career file yet — prior companies score zero until one exists 0/15
Direction Sold 160,474 shares ($12.1M) — more than a tenth of the stake — in the last year -10/15
Discipline 2 late Form 4s in 265 filings 7/10

Score = stake band (35) + founder (15) + tenure (10) + track record (15) + 12-month direction (−10…15) + filing discipline (10). Every input links to a filing or to the career file; the bands are ours.

Reported · Forms 3, 4, 5 178,954 Every lot on the person's own filings, as of Aug 4, 2026
Last open-market trade Sale · $2.0M Aug 4, 2026 · 27,312 shares at $73.35 · under a 10b5-1 plan
Paper trail 2 late filings Form 4 covering a 2020-09-01 grant or award in NETFLIX INC was filed 2020-09-04, 3 business days later; Section 16 allows two.
Reported Netflix, Inc. shares Forms 3, 4 and 5 · as of 2026-08-04
0100K200K300K 2008200920102011201220132014201520162017201820192020202120222023202420252026 Aug 4, 2026: sale of 27,312 sharesMay 5, 2026: sale of 27,312 sharesFeb 3, 2026: exercise of 54,388 sharesJan 7, 2026: award of 207,420 shares 178,954

Dots mark the months the activity below moved the line. Hover one for the filing.

How the stake is held
SecurityHeld viaShares
Common StockDirect178,954
Reported as of 2026-08-04178,954
Held directly
100%
Vehicles
None
Last filing
Aug 4, 2026
Activity · last 12 months 10 events folded from 31 filing lines · Every filing on EDGAR ↗
DateTypeWhat happenedSharesPriceValueNote
Aug 4, 2026 Sale Open-market sale −27,312 $73.35 $2.0M under a 10b5-1 plan
Aug 3, 2026 Exercise Option or RSU conversion across 3 lots +54,388
Aug 3, 2026 Tax Shares withheld for tax across 3 lots −27,076 $71.71 $1.9M
Aug 3, 2026 Sale Open-market sale across 2 lots, $72.90–$73.48 −105,850 $73.03 avg $7.7M under a 10b5-1 plan
May 5, 2026 Sale Open-market sale across 3 lots, $87.96–$87.98 −27,312 $87.97 avg $2.4M no 10b5-1 plan
May 4, 2026 Exercise Option or RSU conversion across 3 lots +54,388
May 4, 2026 Tax Shares withheld for tax across 3 lots −27,076 $92.06 $2.5M
Feb 3, 2026 Exercise Option or RSU conversion across 3 lots +54,388
Feb 3, 2026 Tax Shares withheld for tax across 3 lots −27,076 $82.76 $2.2M
Jan 7, 2026 Award Grant or award +207,420
Every issuer Ted Sarandos files as an insider of
CompanyRoleReportedBeneficial% of class
NFLX NETFLIX INC This page Co-CEO 178,954
2026-08-04
SPOT Spotify Technology S.A. Director 19,907
2026-05-28

Reported is every lot on the person's own Forms 3, 4 and 5 — direct and through trusts. Beneficial is the figure stated on the latest Schedule 13D/G cover page, which can exclude shares the person disclaims and include options exercisable within 60 days, so the two are never added together.

Paper trail
  • Form 144 Form 144 filed 2026-08-04 announces an intended sale. Filing ↗
  • Form 144 Form 144 filed 2026-08-03 announces an intended sale. Filing ↗
  • Sale 2026-05: sold 27,312 NETFLIX INC shares for $2,402,627, with the 10b5-1 box unticked (1 filing). Filing ↗
  • Sale 2025-11: sold 2,027 NETFLIX INC shares for $2,213,639, with the 10b5-1 box unticked (1 filing). Filing ↗
  • Late Form 4 covering a 2020-09-01 grant or award in NETFLIX INC was filed 2020-09-04, 3 business days later; Section 16 allows two. Filing ↗
  • Late Form 4 covering a 2018-09-04 grant or award in NETFLIX INC was filed 2018-09-25, 15 business days later; Section 16 allows two. Filing ↗

265 filings under CIK 0001393838 · captured 2026-09-05 · All filings on EDGAR ↗

On the record with shareholders

Earnings calls

  1. Q2 2026 Jul 16, 2026 Sarandos spent the quarter's questions defending the content budget rather than celebrating the quarter. His argument: the spend is not accelerating — content expense is up about 10% this year against 8% averaged over five years and 14% over a decade, and it still grows slower than revenue — and the money goes overwhelmingly into core series and film, where a decade of results says it converts. He rebutted the season-two-decline thesis with a flat denial that the aggregate has moved, and made the case that generative AI is already a production reality rather than a promise, citing roughly 300 titles touched and a documentary whose 17 minutes of AI-enhanced footage cost half as much and took half as long. On the acquisition speculation he gave the line he has given for years, that Netflix is primarily a builder, not a buyer, with a very high bar for any large deal. Read the call · 10 quotes →
In their own words

Podcasts, interviews & articles

5 recorded appearances

2026

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