Jay C. Hoag - Dec 1, 2021 Form 4 Insider Report for NETFLIX INC (NFLX)

Role: Director
Signature: /s/ Frederic D. Fenton Authorized signatory for Jay C. Hoag
Stock symbol: NFLX
Transactions as of: Dec 1, 2021
Transactions value $: $0
Form type: 4
Date filed: 12/2/2021, 04:27 PM
Previous filing: Nov 19, 2021
Next filing: Dec 9, 2021

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)	Award	$0	+101		$0.00	101	Dec 1, 2021	Common Stock	101	$617.77	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Jay C. Hoag has sole voting and dispositive power over the options he holds directly. However, TCV VII Management, L.L.C. and TCV VIII Management, L.L.C. collectively have a right to 100% of the pecuniary interest in such options. Mr. Hoag is a Member of TCV VII Management, L.L.C. and TCV VIII Management, L.L.C. Mr. Hoag disclaims beneficial ownership of such options and the shares to be received upon the exercise of such options except to the extent of his pecuniary interest therein.

Content

Jay C. Hoag has sole voting and dispositive power over the options he holds directly. However, TCV VII Management, L.L.C. and TCV VIII Management, L.L.C. collectively have a right to 100% of the pecuniary interest in such options. Mr. Hoag is a Member of TCV VII Management, L.L.C. and TCV VIII Management, L.L.C. Mr. Hoag disclaims beneficial ownership of such options and the shares to be received upon the exercise of such options except to the extent of his pecuniary interest therein.