Richard N. Barton - Aug 8, 2023 Form 4 Insider Report for NETFLIX INC (NFLX)

Role
Director
Signature
By: Veronique Bourdeau, Authorized Signatory For: Richard N. Barton
Stock symbol
NFLX
Transactions as of
Aug 8, 2023
Transactions value $
-$189,522
Form type
4
Date filed
8/9/2023, 05:06 PM
Previous filing
Aug 2, 2023
Next filing
Sep 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction NFLX Common Stock +Options Exercise $9,676 +152 +100% $63.66 304 Aug 8, 2023 Direct F1
transaction NFLX Common Stock +Options Exercise $20,982 +348 +114.47% $60.29 652 Aug 8, 2023 Direct F1
transaction NFLX Common Stock -Sell -$220,180 -500 -76.69% $440.36 152 Aug 8, 2023 Direct F1
holding NFLX Common Stock 32 Aug 8, 2023 Barton Ventures II, LLC 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 -152 -100% $0.00 0 Aug 8, 2023 Common Stock 152 $63.66 Direct F1
transaction NFLX Non-Qualified Stock Option (right to buy) -Options Exercise $0 -348 -42.13% $0.00 478 Aug 8, 2023 Common Stock 348 $60.29 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 2/10/2023.
F2 Mr. Barton is the sole managing member of Barton Ventures II, LLC. Mr. Barton may be deemed to beneficially own the shares held by Barton Ventures II, LLC but disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.