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

Signature
By: Veronique Bourdeau, Authorized Signatory For: Spencer Neumann
Stock symbol
NFLX
Transactions as of
Nov 3, 2025
Transactions value $
-$1,889,343
Form type
4
Date filed
11/4/2025, 08:36 PM
Previous filing
Oct 2, 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Neumann Spencer Adam Chief Financial Officer 121 ALBRIGHT WAY, LOS GATOS By: Veronique Bourdeau, Authorized Signatory For: Spencer Neumann 2025-11-04 0001543133

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NFLX Common Stock Options Exercise $701K +2.6K +70.44% $269.58 6.29K Nov 3, 2025 Direct F1
transaction NFLX Common Stock Sale -$32.4K -30 -0.48% $1,079.42 6.26K Nov 3, 2025 Direct F1, F2
transaction NFLX Common Stock Sale -$43.3K -40 -0.64% $1,083.20 6.22K Nov 3, 2025 Direct F1, F3
transaction NFLX Common Stock Sale -$43.4K -40 -0.64% $1,084.30 6.18K Nov 3, 2025 Direct F1, F4
transaction NFLX Common Stock Sale -$43.4K -40 -0.65% $1,086.02 6.14K Nov 3, 2025 Direct F1, F5
transaction NFLX Common Stock Sale -$43.5K -40 -0.65% $1,086.95 6.1K Nov 3, 2025 Direct F1, F6
transaction NFLX Common Stock Sale -$65.3K -60 -0.98% $1,087.79 6.04K Nov 3, 2025 Direct F1, F7
transaction NFLX Common Stock Sale -$76.2K -70 -1.16% $1,089.18 5.97K Nov 3, 2025 Direct F1, F8
transaction NFLX Common Stock Sale -$65.4K -60 -1% $1,090.06 5.91K Nov 3, 2025 Direct F1, F9
transaction NFLX Common Stock Sale -$121K -111 -1.88% $1,091.23 5.8K Nov 3, 2025 Direct F1, F10
transaction NFLX Common Stock Sale -$109K -100 -1.72% $1,092.35 5.7K Nov 3, 2025 Direct F1, F11
transaction NFLX Common Stock Sale -$120K -110 -1.93% $1,093.43 5.59K Nov 3, 2025 Direct F1, F12
transaction NFLX Common Stock Sale -$171K -156 -2.79% $1,094.31 5.43K Nov 3, 2025 Direct F1, F13
transaction NFLX Common Stock Sale -$208K -190 -3.5% $1,095.32 5.24K Nov 3, 2025 Direct F1, F14
transaction NFLX Common Stock Sale -$274K -250 -4.77% $1,096.34 4.99K Nov 3, 2025 Direct F1, F15
transaction NFLX Common Stock Sale -$121K -110 -2.2% $1,097.47 4.88K Nov 3, 2025 Direct F1, F16
transaction NFLX Common Stock Sale -$198K -180 -3.69% $1,098.45 4.7K Nov 3, 2025 Direct F1, F17
transaction NFLX Common Stock Sale -$268K -244 -5.19% $1,099.46 4.46K Nov 3, 2025 Direct F1, F18
transaction NFLX Common Stock Sale -$99.1K -90 -2.02% $1,100.98 4.37K Nov 3, 2025 Direct F1, F19
transaction NFLX Common Stock Sale -$44.1K -40 -0.92% $1,102.39 4.33K Nov 3, 2025 Direct F1, F20
transaction NFLX Common Stock Sale -$11K -10 -0.23% $1,103.72 4.32K Nov 3, 2025 Direct F1
transaction NFLX Common Stock Sale -$11.1K -10 -0.23% $1,105.20 4.31K Nov 3, 2025 Direct F1
transaction NFLX Common Stock Sale -$33.2K -30 -0.7% $1,106.71 4.28K Nov 3, 2025 Direct F1, F21
transaction NFLX Common Stock Sale -$33.2K -30 -0.7% $1,107.95 4.25K Nov 3, 2025 Direct F1, F22
transaction NFLX Common Stock Sale -$11.1K -10 -0.24% $1,108.96 4.24K Nov 3, 2025 Direct F1
transaction NFLX Common Stock Sale -$77.8K -70 -1.65% $1,111.20 4.17K Nov 3, 2025 Direct F1, F23
transaction NFLX Common Stock Sale -$44.5K -40 -0.96% $1,112.10 4.13K Nov 3, 2025 Direct F1, F24
transaction NFLX Common Stock Sale -$33.4K -30 -0.73% $1,113.34 4.1K Nov 3, 2025 Direct F1, F25
transaction NFLX Common Stock Sale -$89.2K -80 -1.95% $1,115.34 4.02K Nov 3, 2025 Direct F1, F26
transaction NFLX Common Stock Sale -$99.4K -89 -2.21% $1,116.63 3.93K Nov 3, 2025 Direct F1, F27

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 -2.6K -100% $0.00 0 Nov 3, 2025 Common Stock 2.6K $269.58 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 10/29/2024.
F2 This transaction was executed in multiple trades at prices ranging from $1,079.12 to $1,079.78. 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.
F3 This transaction was executed in multiple trades at prices ranging from $1,082.75 to $1,083.70. 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.
F4 This transaction was executed in multiple trades at prices ranging from $1,084.07 to $1,084.87. 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.
F5 This transaction was executed in multiple trades at prices ranging from $1,085.41 to $1,086.34. 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 This transaction was executed in multiple trades at prices ranging from $1,086.43 to $1,087.39. 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.
F7 This transaction was executed in multiple trades at prices ranging from $1,087.49 to $1,088.31. 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.
F8 This transaction was executed in multiple trades at prices ranging from $1,088.66 to $1,089.62. 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.
F9 This transaction was executed in multiple trades at prices ranging from $1,089.66 to $1,090.58. 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.
F10 This transaction was executed in multiple trades at prices ranging from $1,090.68 to $1,091.65. 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.
F11 This transaction was executed in multiple trades at prices ranging from $1,091.71 to $1,092.69. 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.
F12 This transaction was executed in multiple trades at prices ranging from $1,092.86 to $1,093.84. 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.
F13 This transaction was executed in multiple trades at prices ranging from $1,093.89 to $1,094.85. 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.
F14 This transaction was executed in multiple trades at prices ranging from $1,094.89 to $1,095.84. 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.
F15 This transaction was executed in multiple trades at prices ranging from $1,095.89 to $1,096.77. 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.
F16 This transaction was executed in multiple trades at prices ranging from $1,096.94 to $1,097.86. 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.
F17 This transaction was executed in multiple trades at prices ranging from $1,097.95 to $1,098.93. 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.
F18 This transaction was executed in multiple trades at prices ranging from $1,098.95 to $1,099.87. 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.
F19 This transaction was executed in multiple trades at prices ranging from $1,100.46 to $1,101.31. 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.
F20 This transaction was executed in multiple trades at prices ranging from $1,102.25 to $1,102.61. 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.
F21 This transaction was executed in multiple trades at prices ranging from $1,106.22 to $1,107.13. 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.
F22 This transaction was executed in multiple trades at prices ranging from $1,107.79 to $1,108.18. 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.
F23 This transaction was executed in multiple trades at prices ranging from $1,110.74 to $1,111.44. 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.
F24 This transaction was executed in multiple trades at prices ranging from $1,111.92 to $1,112.49. 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.
F25 This transaction was executed in multiple trades at prices ranging from $1,112.96 to $1,113.94. 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.
F26 This transaction was executed in multiple trades at prices ranging from $1,115.09 to $1,115.73. 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.
F27 This transaction was executed in multiple trades at prices ranging from $1,116.37 to $1,117.16. 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.

Remarks:

Due to the limitation on the number of transactions that can be reported on a single Form 4, this Form 4 is the first of two being filed by the reporting person on the date hereof.