KILGORE LESLIE J

The long arc says the same thing at scale. Kilgore's Netflix history opens in July 2003 and runs unbroken to July 2026 — 1,266 transactions on this one issuer, 92% of everything she has ever filed. The cumulative flow: 1,245,978 shares sold, 642 bought. That ratio is not a bearish statement; it is what a marketing chief who became a board member looks like when equity compensation is the input and diversification is the policy. The file has never pretended otherwise — there is no episode in the record where open-market buying interrupts the outbound flow.

The current rhythm is a giveaway in plain sight. From mid-2025 the record settles into first-of-the-month code-A acquisitions: 49 to 56 shares monthly through late 2025, then 654 shares on April 1, 2026 at $95.55, 728 on June 1 at $85.85, 842 on July 1 at $74.19. The share counts triple while the value of each grant sits at $62,500 nearly to the dollar. Anyone screening raw share counts would read acceleration; the fixed dollar value identifies these as board retainer grants mechanically resized to the prevailing price. In this file, rising "insider buying" volume literally means the stock got cheaper.