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/ 70
Level 1Steward

Sarandos owns about 0% of Netflix, Inc., worth $12.5M 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 Not assessed — whether they founded the company has not been researched Not assessed
Tenure No start date on record, so tenure scores nothing 0/10
Track record Not assessed — their prior companies have not been researched Not assessed
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

Nobody has researched this person's career yet, so founder and track record are left out of the score and of the total above.

Score = stake band (35) + founder (15) + tenure (10) + track record (15) + 12-month direction (−10…15) + filing discipline (10). An axis we have not researched is left out of the score and of the total it is shown over. Every input links to a filing or to our own research; 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 2026: net −105,850 shares across 4 movements (largest: sale −105,850)May 2026: net 0 shares across 3 movements (largest: exercise +54,388)Feb 2026: net +27,312 shares across 2 movements (largest: exercise +54,388)Jan 2026: net +242,324 shares across 1 movement (largest: award +207,420) 178,954

Dots mark the months the activity below moved the line. Hover one for that month's net move, how many movements it folds and the largest.

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

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

Interview The Indian Express · Aug 10, 2026 · 17 min

Rapid Fire: Netflix Boss Reveals Secrets, Talks Bollywood, AI and One Big Regret | Ted Sarandos

On Netflix's 10th anniversary in India, Sarandos said AI is only useful if it makes the product better — a pure cost saver 'won't change anything' and may be harmful — alongside comments on Bollywood and local commissioning.

Watch or read →
Interview CNBC Closing Bell: Overtime · Feb 17, 2026 · 16 min

Watch CNBC's full interview with Netflix co-CEO Ted Sarandos

Sarandos accused Paramount of 'flooding the zone with confusion' by floating hypothetical offers directly to Warner shareholders and bypassing the board, and said he sees no regulatory grounds to block a Netflix-Warner deal. He also predicted 'AI slop' would drive a flight to quality.

Watch or read →

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