The sky is not falling. Look into this a bit before you make statements.
Hastings still has 1.8 MILLION shares of stock left. So he sells his options when he exercises them. Wouldn't you diversify your portfolio too? You would if you are smart and Hastings is smart.
The others you mention are just selling options they have been granted and exercised. McCarthy has about 50K left and is just seling his options that he has exercised. Hunt has 70K shares left. Again, simply selling options exercised. McCord has 10K shares left and sold exercised shares.
Tell me again why ANYONE would worry about this?
These people are doing a great job and are being compensated for it with options. They sell them to either diversify their portfolios or maybe just go buy an island or something. Whatever they are doing, it is of NO CONCERN.
these guys are selling like there is no tomorrow -- many of them are directors and high level executives. the insider selling in NFLX is obscene. and now the company has a buyback in place? doesn't make a lot of sense. why would the company be buying back stock while the insiders are selling like crazy? there should be a rule that when there is a buyback in effect, NO insider can sell a SINGLE share.
Some posters seem to lack knowledge abbout buy backs of co. stock.
These announcements are made to hold current investors in the stock while big traders establish large short positions and scare out little short traders. The announcement of a buyback usually has a long time frame and doesn't mean the buyback is going to happen anytime soon. This is a way the company can position itself when a hard selloff occurs and be legal about buying back cheap. Keep observing the stock over the next 90 days to tax selling time and veriy