Photo by Mario Tama/Getty Images Share on Facebook Share on X Share to Flipboard Send an Email Show additional share options Share on LinkedIn Share on Pinterest Share on Reddit Share on Tumblr Share on Whats App Print the Article Post a Comment The price of a share of Netflix is about to get less expensive, with the streaming giant's board of directors signing off on a 10-for-one stock split, the company said Thursday. Netflix was trading at $1,089 at market close Thursday. At that price, shares would trade at about $109 post-split. The split is meant specifically "to reset the market price of the Company's common stock to a range that will be more accessible to employees who participate in the Company's stock option program." Netflix encourages its employees to take some of their income in stock, but at over $1,000 per share that can be a big ask for many staffers. Of course the split has the added effect of making the stock more accessible to retail buyers as well. Trading of the split shares is expected to begin Monday Nov. 17, with holders of stock on Nov. 10 receiving nine additional shares later that week. Stock splits are pretty common among large companies, which seek to make shares accessible to employees and retail shareholders. Netflix has had two splits previously, with the last one, a seven-to-one split, taking place in 2015. THR Newsletters Sign up for THR news straight to your inbox every day Subscribe Sign Up amazon Amazon Ad Revenue Soars 24 Percent to $17.7 Billion Roku Roku Sees Operating Income Turn Positive For First Time Since 2021 Representation Beauty Vlogger Nabela Noor Signs With CAA (Exclusive) international Asylum Executive Paul Bales Named Chair of IFTA Paramount Television Studios Paramount TV Studios Reworks Leadership Team Amid Layoffs Tubi 'Crime Junkie' Creator Ashley Flowers Leaving SiriusXM for Tubi amazon Amazon Ad Revenue Soars 24 Percent to $17.7 Billion Roku Roku Sees Operating Income Turn Positive For First Time Since 2021 Representation Beauty Vlogger Nabela Noor Signs With CAA (Exclusive) international Asylum Executive Paul Bales Named Chair of IFTA Paramount Television Studios Paramount TV Studios Reworks Leadership Team Amid Layoffs Tubi 'Crime Junkie' Creator Ashley Flowers Leaving SiriusXM for Tubi