Former Obama national security adviser Susan Rice has been a sort-of sleeper candidate for Joe Biden’s running mate.
Former national security adviser Susan Rice, a Netflix director, sold some of her shares of the video streaming company worth $305,323 this week as speculation swirls that she is among the candidates to be Democratic presidential nominee Joe Biden’s running mate.
A spokeswoman for Rice said the sale was unrelated to politics and was made under a stock trading plan she filed more than three months ago under Securities and Exchange Commission rules…right when numerous sources put Rice on the Biden VP shortlist.
Netflix director (and possible VP pick?) Susan Rice exercised her stock options in the streamer this week, and subsequently sold all the shares, netting her a gain of about $300,000 https://t.co/I0wyWWDIwM
— Alex Weprin (@alexweprin) August 6, 2020
“Ambassador Rice’s sale of a fraction of her Netflix stock has nothing to do with VP speculation,” Erin Pelton said.
Rice, who also served as the U.S. ambassador to the United Nations, is being vetted as a possible running mate for Biden. He’s expected to announce his choice next week.
The share sales followed the exercise of options and were disclosed in an SEC filing Thursday night. Netflix stock has nearly doubled in the past year. Rice, who was named to the company’s board in 2018, exercised her options at $508.68. As a Netflix board member since 2018, Rice receives 125 stock options a month as part of her compensation package.
Susan Rice sells Netflix options as Biden's running mate decision nears https://t.co/kFhheC8Yhg
— Bloomberg (@business) August 8, 2020
Rice’s net worth was somewhere between $14.7 million and $28.5 million, according to a 2016 financial disclosure statement she made as President Barack Obama’s national security adviser, according to Bloomberg. Those assets do not include her two homes, and her husband Ian Cameron’s inherited wealth could make their family’s assets significantly larger.