Netflix (NASDAQ:NFLX) Director Reed Hastings Sells 40,374 Shares

Netflix (NASDAQ:NFLX) Director Reed Hastings Sells 40,374 Shares

Netflix, Inc. (NASDAQ:NFLX - Get Free Report) Director Reed Hastings sold 40,374 shares of the stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $1,121.51, for a total value of $45,279,844.74. Following the transaction, the director directly owned 394 shares in the company, valued at approximately $441,874.94. This represents a 99.03% decrease in their position. The sale was disclosed in a legal filin…