Her exercising of options was completed on Wednesday, according to an SEC filing late Thursday. Rice has been on the Netflix board since May 2018.
Biden is expected to name his vice presidential pick next week.
“Ambassador Rice’s sale of a fraction of her Netflix stock has nothing to do with VP speculation,” her spokesperson, Erin Pelton, said in a statement. “She filed a stock plan pursuant to SEC regulations over three months ago.”
The option price of Netflix shares at the point of the sale was $508.68. The stock has surged as high at $575 this year as Covid-19 has spurred the addition of 26 million subscribers in the first six months of 2020. On Friday, shares were down 4% at about $488.
Under her board compensation package,