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Netflix CEO sells 63,147 company shares

Netflix Inc. CEO and founder Reed Hastings sold 63,147 company shares in a transaction that occurred Dec. 24, according to an SEC filing.

The shares were sold at an average price of $241.12, for a total transaction of about $15.2 million.

The executive also sold 78,092 Netflix shares Nov. 21, at an average price of $266.87, for a total transaction of roughly $20.8 million. On Oct. 22, Hastings sold 105,868 shares of Netflix stock. The shares were sold at an average price of $328.75, for a total transaction of about $34.8 million.

Following the Dec. 24 sale completion, the executive now owns 63,147 shares of the company's stock.