Reed Hastings exercised over US$600 million from Netflix stock options in 2020

Netflix co-CEO and founder Reed Hastings exercised US$612 million from stock options in 2020, a new filing has revealed.

The streaming leader enjoyed a stellar 2020 in which it surpassed 200 million subscribers globally, and the founder has benefited from this success with Netflix’s shares rising more than 67% during the year.

Source: Reed Hastings exercised over US$600 million from Netflix stock options in 2020