Gregory K. Peters - 03 Feb 2025 Form 4 Insider Report for NETFLIX INC (NFLX)

Role
Co-CEO, Director
Signature
By: Veronique Bourdeau, Authorized Signatory For: Gregory K. Peters
Issuer symbol
NFLX
Transactions as of
03 Feb 2025
Net transactions value
-$9,115,024
Form type
4
Filing time
05 Feb 2025, 20:53:55 UTC
Previous filing
03 Feb 2025
Next filing
06 Feb 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NFLX Common Stock Options Exercise +2,593 +20% 15,543 03 Feb 2025 Direct F1
transaction NFLX Common Stock Options Exercise +1,444 +9.3% 16,987 03 Feb 2025 Direct F2
transaction NFLX Common Stock Tax liability $1,260,997 -1,291 -7.6% $976.76 15,696 03 Feb 2025 Direct F3
transaction NFLX Common Stock Tax liability $702,290 -719 -4.6% $976.76 14,977 03 Feb 2025 Direct F3
transaction NFLX Common Stock Options Exercise $1,416,371 +3,739 +25% $378.81 18,716 04 Feb 2025 Direct F4
transaction NFLX Common Stock Options Exercise $1,416,876 +4,209 +22% $336.63 22,925 04 Feb 2025 Direct F4
transaction NFLX Common Stock Sale $3,739,000 -3,739 -16% $1000.00 19,186 04 Feb 2025 Direct F4
transaction NFLX Common Stock Sale $4,230,045 -4,209 -22% $1005.00 14,977 04 Feb 2025 Direct F4
transaction NFLX Common Stock Sale $2,015,937 -2,027 -14% $994.54 12,950 04 Feb 2025 Direct F5

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 Restricted Stock Units Options Exercise $0 -2,593 -13% $0.000000 18,149 03 Feb 2025 Common Stock 2,593 Direct F1, F6
transaction NFLX Restricted Stock Units Options Exercise $0 -1,444 -8.3% $0.000000 15,886 03 Feb 2025 Common Stock 1,444 Direct F1, F7
transaction NFLX Non-Qualified Stock Option (right to buy) Options Exercise $0 -3,739 -100% $0.000000 0 04 Feb 2025 Common Stock 3,739 $378.81 Direct F4
transaction NFLX Non-Qualified Stock Option (right to buy) Options Exercise $0 -4,209 -100% $0.000000 0 04 Feb 2025 Common Stock 4,209 $336.63 Direct F4
* 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 Each RSU represents a contingent right to receive one share of Netflix common stock.
F2 Reflects restricted stock units (RSUs) that following vesting, settled in shares of Netflix common stock on a one-for-one basis.
F3 Shares withheld to satisfy tax withholding obligations arising out of the vesting of RSUs.
F4 Transaction made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 10/30/2024.
F5 This transaction was executed in multiple trades at prices ranging from $994.5341 to $994.685. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F6 On January 25, 2024, the Reporting Person was granted 31,112 RSUs. Subject to the terms and conditions of the underlying award agreement, 1/12th of the RSUs vest on a quarterly basis beginning on February 3, 2024 (or, to the extent it is not a trading day, the first trading day thereafter).
F7 On January 23, 2025, the Reporting Person was granted 17,330 RSUs. Subject to the terms and conditions of the underlying award agreement, 1/12th of the RSUs vest on a quarterly basis beginning on February 3, 2025 (or, to the extent it is not a trading day, the first trading day thereafter).