Spencer Neumann - Feb 3, 2025 Form 4 Insider Report for NETFLIX INC (NFLX)

Role
Chief Financial Officer
Signature
By: Veronique Bourdeau, Authorized Signatory For: Spencer Neumann
Stock symbol
NFLX
Transactions as of
Feb 3, 2025
Transactions value $
-$666,150
Form type
4
Date filed
2/5/2025, 08:54 PM
Previous filing
Feb 3, 2025
Next filing
Feb 6, 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 +878 +23.79% 4.57K Feb 3, 2025 Direct F1
transaction NFLX Common Stock Options Exercise +489 +10.7% 5.06K Feb 3, 2025 Direct F1
transaction NFLX Common Stock Tax liability -$428K -438 -8.66% $976.76 4.62K Feb 3, 2025 Direct F2
transaction NFLX Common Stock Tax liability -$238K -244 -5.28% $976.76 4.38K Feb 3, 2025 Direct F2

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 -878 -12.5% $0.00 6.15K Feb 3, 2025 Common Stock 878 Direct F3, F4
transaction NFLX Restricted Stock Units Options Exercise $0 -489 -8.33% $0.00 5.38K Feb 3, 2025 Common Stock 489 Direct F3, F5
* 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 Each RSU represents a contingent right to receive one share of Netflix common stock.
F4 On January 25, 2024, the Reporting Person was granted 10,538 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).
F5 On January 23, 2025, the Reporting Person was granted 5,870 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).