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 N

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