Susan Rice Sells Netflix Shares as Biden Eyes Her as Possible Running Mate

BY Dow Jones & Company, Inc.

— 12:23 PM ET 08/07/2020

Look who's dumping Netflix stock, our favorite lying Obama flunky, and she denies it has anything to do with her possibly being Moe to the Joe

Susan Rice, believed to be a top contender to be Joe Biden's vice presidential running mate, has sold a significant proportion of the Netflix Inc. ( NFLX) shares she has acquired since becoming a company director in May 2018.

The former national security adviser and United Nations ambassador for President Obama exercised roughly a quarter of the more than 5,200 options she held as of this week, according to a Securities and Exchange Commission filing dated Thursday.

Mr. Biden, the presumptive Democratic presidential nominee, is expected to announce his running mate next week. Ms. Rice is viewed as a strong contender because she worked closely with him when he was vice president and he is known to value personal relationships.

The Wall Street Journal reported earlier this week that Ms. Rice held the options in an article about her having more experience in corporate America than any of the other women Mr. Biden is believed to be considering.

At her sale price of $508.68 per share, Ms. Rice netted about $305,000 after accounting for the various strike prices associated with the options awarded to her as compensation.

"Ambassador Rice's sale of a fraction of her Netflix ( NFLX) stock has nothing to do with V.P. speculation," Erin Pelton, Ms. Rice's spokeswoman, said in a statement. "She filed a stock plan pursuant to SEC regulations over three months ago."

A Netflix ( NFLX) spokeswoman declined to comment.

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