Netflix CEO: $US612m stock options in 2020

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Netflix co-Chief Executive Officer Reed Hastings realised $US612.13 million ($A791m) from exercising his stock options in 2020, a year of bumper subscription growth for the video-streaming giant.

The company, which crossed 200 million subscribers last year as people sought entertainment from home during the coronavirus-imposed lockdowns, saw its shares rise more than 67 per cent in 2020.

Hastings purchased more than 1.33 million Netflix shares last year in the exercising of his stock options, according to a filing.

The price at which stock options can be exercised is pre-set in an agreement. The value of shares when the purchase is made can vary.