Timothy M. Haley - May 30, 2023 Form 4 Insider Report for NETFLIX INC (NFLX)

Role
Director
Signature
By: Veronique Bourdeau, Authorized Signatory For: Timothy M. Haley
Stock symbol
NFLX
Transactions as of
May 30, 2023
Transactions value $
-$794,245
Form type
4
Date filed
5/31/2023, 07:16 PM
Previous filing
May 26, 2023
Next filing
Jun 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction NFLX Common Stock +Options Exercise $50,197 +826 $60.77 826 May 30, 2023 Direct F1
transaction NFLX Common Stock +Options Exercise $50,043 +735 +88.98% $68.09 1,561 May 30, 2023 Direct F1
transaction NFLX Common Stock +Options Exercise $50,023 +798 +51.12% $62.69 2,359 May 30, 2023 Direct F1
transaction NFLX Common Stock -Sell -$944,509 -2,359 -100% $400.39 0 May 30, 2023 Direct F1, 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 Non-Qualfied Stock Option (right to buy) -Options Exercise $0 -826 -100% $0.00 0 May 30, 2023 Common Stock 826 $60.77 Direct F1
transaction NFLX Non-Qualfied Stock Option (right to buy) -Options Exercise $0 -735 -100% $0.00 0 May 30, 2023 Common Stock 735 $68.09 Direct F1
transaction NFLX Non-Qualfied Stock Option (right to buy) -Options Exercise $0 -798 -100% $0.00 0 May 30, 2023 Common Stock 798 $62.69 Direct F1

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 2/8/2023.
F2 This transaction was executed in multiple trades at prices ranging from $400.10 to $400.69. 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.