Hastings Reed - Nov 7, 2023 Form 4 Insider Report for NETFLIX INC (NFLX)

Role
Executive Chairman, Director
Signature
Veronique Bourdeau, Authorized Signatory For: Reed Hastings
Stock symbol
NFLX
Transactions as of
Nov 7, 2023
Transactions value $
-$30,829,239
Form type
4
Date filed
11/8/2023, 07:15 PM
Previous filing
Nov 2, 2023
Next filing
Dec 4, 2023

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 Nov 7, 2023 Direct F1
transaction NFLX Common Stock +Options Exercise $1,249,939 +21,637 +134.57% $57.77 37,716 Nov 7, 2023 Direct F1
transaction NFLX Common Stock +Options Exercise $1,249,880 +19,635 +52.06% $63.66 57,351 Nov 7, 2023 Direct F1
transaction NFLX Common Stock +Options Exercise $1,250,158 +23,996 +41.84% $52.10 81,347 Nov 7, 2023 Direct F1
transaction NFLX Common Stock -Sell -$1,314,158 -3,044 -3.74% $431.72 78,303 Nov 7, 2023 Direct F1, F2
transaction NFLX Common Stock -Sell -$3,632,165 -8,395 -10.72% $432.66 69,908 Nov 7, 2023 Direct F1, F3
transaction NFLX Common Stock -Sell -$1,644,602 -3,793 -5.43% $433.59 66,115 Nov 7, 2023 Direct F1, F4
transaction NFLX Common Stock -Sell -$3,723,458 -8,569 -12.96% $434.53 57,546 Nov 7, 2023 Direct F1, F5
transaction NFLX Common Stock -Sell -$13,610,643 -31,234 -54.28% $435.76 26,312 Nov 7, 2023 Direct F1, F6
transaction NFLX Common Stock -Sell -$10,538,659 -24,142 -91.75% $436.53 2,170 Nov 7, 2023 Direct F1, F7
transaction NFLX Common Stock -Sell -$948,928 -2,170 -100% $437.29 0 Nov 7, 2023 Direct F1, F8
transaction NFLX Common Stock -Gift $0 -70,500 -1.39% $0.00 4,991,541 Nov 8, 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% $0.00 0 Nov 7, 2023 Common Stock 16,079 $51.83 Direct F1
transaction NFLX Non-Qualified Stock Option (right to buy) -Options Exercise $0 -21,637 -100% $0.00 0 Nov 7, 2023 Common Stock 21,637 $57.77 Direct F1
transaction NFLX Non-Qualified Stock Option (right to buy) -Options Exercise $0 -19,635 -100% $0.00 0 Nov 7, 2023 Common Stock 19,635 $63.66 Direct F1
transaction NFLX Non-Qualified Stock Option (right to buy) -Options Exercise $0 -23,996 -100% $0.00 0 Nov 7, 2023 Common Stock 23,996 $52.10 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 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.