Gregory K. Peters - 20 Dec 2023 Form 4 Insider Report for NETFLIX INC (NFLX)

Signature
By: Veronique Bourdeau, Authorized Signatory For: Gregory K. Peters
Issuer symbol
NFLX
Transactions as of
20 Dec 2023
Net transactions value
-$2,932,705
Form type
4
Filing time
21 Dec 2023, 18:46:40 UTC
Previous filing
04 Dec 2023
Next filing
03 Jan 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NFLX Common Stock Options Exercise $682,295 +7,230 +55% $94.37* 20,320 20 Dec 2023 Direct F1
transaction NFLX Common Stock Sale $3,615,000 -7,230 -36% $500.00 13,090 20 Dec 2023 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction NFLX Non-Qualified Stock Option (right to buy) Options Exercise $0 -7,230 -100% $0.000000* 0 20 Dec 2023 Common Stock 7,230 $94.37 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Transaction made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 7/26/2023.