Hastings Reed - Feb 3, 2025 Form 4 Insider Report for NETFLIX INC (NFLX)

Role
Executive Chairman, Director
Signature
Veronique Bourdeau, Authorized Signatory For: Reed Hastings
Stock symbol
NFLX
Transactions as of
Feb 3, 2025
Transactions value $
-$43,954
Form type
4
Date filed
2/5/2025, 08:54 PM
Previous filing
Jan 24, 2025
Next filing
Mar 4, 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 +58 +16.62% 407 Feb 3, 2025 Direct F1
transaction NFLX Common Stock Options Exercise +32 +7.86% 439 Feb 3, 2025 Direct F1
transaction NFLX Common Stock Tax liability -$28.3K -29 -6.61% $976.76 410 Feb 3, 2025 Direct F2
transaction NFLX Common Stock Tax liability -$15.6K -16 -3.9% $976.76 394 Feb 3, 2025 Direct F2
holding NFLX Common Stock 2.15M Feb 3, 2025 by Trust F3

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 -58 -12.37% $0.00 411 Feb 3, 2025 Common Stock 58 Direct F4, F5
transaction NFLX Restricted Stock Units Options Exercise $0 -32 -8.16% $0.00 360 Feb 3, 2025 Common Stock 32 Direct F4, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects restricted stock units (RSUs) that following vesting, settled in shares of Netflix common stock on a one-for-one basis.
F2 Shares withheld to satisfy tax withholding obligations arising out of the vesting of RSUs.
F3 As Trustee of the Hastings-Quillin Family Trust
F4 Each RSU represents a contingent right to receive one share of Netflix common stock.
F5 On January 25, 2024, the Reporting Person was granted 703 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).
F6 On January 23, 2025, the Reporting Person was granted 392 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).