HASTINGS REED - 07 Nov 2023 Form 4 Insider Report for NETFLIX INC (NFLX)

Role
Executive Chairman, Director
Signature
Veronique Bourdeau, Authorized Signatory For: Reed Hastings
Issuer symbol
NFLX
Transactions as of
07 Nov 2023
Net transactions value
-$30,829,239
Form type
4
Filing time
08 Nov 2023, 19:15:53 UTC
Previous filing
02 Nov 2023
Next filing
04 Dec 2023
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 $833,397 +16,079 $51.83* 16,079 07 Nov 2023 Direct F1
transaction NFLX Common Stock Options Exercise $1,249,939 +21,637 +135% $57.77* 37,716 07 Nov 2023 Direct F1
transaction NFLX Common Stock Options Exercise $1,249,880 +19,635 +52% $63.66* 57,351 07 Nov 2023 Direct F1
transaction NFLX Common Stock Options Exercise $1,250,158 +23,996 +42% $52.10* 81,347 07 Nov 2023 Direct F1
transaction NFLX Common Stock Sale $1,314,158 -3,044 -3.7% $431.72 78,303 07 Nov 2023 Direct F1, F2
transaction NFLX Common Stock Sale $3,632,165 -8,395 -11% $432.66 69,908 07 Nov 2023 Direct F1, F3
transaction NFLX Common Stock Sale $1,644,602 -3,793 -5.4% $433.59 66,115 07 Nov 2023 Direct F1, F4
transaction NFLX Common Stock Sale $3,723,458 -8,569 -13% $434.53 57,546 07 Nov 2023 Direct F1, F5
transaction NFLX Common Stock Sale $13,610,643 -31,234 -54% $435.76 26,312 07 Nov 2023 Direct F1, F6
transaction NFLX Common Stock Sale $10,538,659 -24,142 -92% $436.53 2,170 07 Nov 2023 Direct F1, F7
transaction NFLX Common Stock Sale $948,928 -2,170 -100% $437.29 0 07 Nov 2023 Direct F1, F8
transaction NFLX Common Stock Gift $0 -70,500 -1.4% $0.000000 4,991,541 08 Nov 2023 by Trust F9

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 -16,079 -100% $0.000000* 0 07 Nov 2023 Common Stock 16,079 $51.83 Direct F1
transaction NFLX Non-Qualified Stock Option (right to buy) Options Exercise $0 -21,637 -100% $0.000000* 0 07 Nov 2023 Common Stock 21,637 $57.77 Direct F1
transaction NFLX Non-Qualified Stock Option (right to buy) Options Exercise $0 -19,635 -100% $0.000000* 0 07 Nov 2023 Common Stock 19,635 $63.66 Direct F1
transaction NFLX Non-Qualified Stock Option (right to buy) Options Exercise $0 -23,996 -100% $0.000000* 0 07 Nov 2023 Common Stock 23,996 $52.10 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 8/8/2023.
F2 This transaction was executed in multiple trades at prices ranging from $431.10 to $432.09. 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 $432.11 to $433.09. 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 $433.12 to $434.05. 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 $434.14 to $435.13. 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.
F6 This transaction was executed in multiple trades at prices ranging from $435.14 to $436.13. 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.
F7 This transaction was executed in multiple trades at prices ranging from $436.14 to $437.12. 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 $437.16 to $437.50. 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 As Trustee of the Hastings-Quillin Family Trust.