Gregory K. Peters - Dec 20, 2023 Form 4 Insider Report for NETFLIX INC (NFLX)

Role
Co-CEO, Director
Signature
By: Veronique Bourdeau, Authorized Signatory For: Gregory K. Peters
Stock symbol
NFLX
Transactions as of
Dec 20, 2023
Transactions value $
-$2,932,705
Form type
4
Date filed
12/21/2023, 06:46 PM
Previous filing
Dec 4, 2023
Next filing
Jan 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction NFLX Common Stock +Options Exercise $682,295 +7,230 +55.23% $94.37 20,320 Dec 20, 2023 Direct F1
transaction NFLX Common Stock -Sell -$3,615,000 -7,230 -35.58% $500.00 13,090 Dec 20, 2023 Direct F1

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 -7,230 -100% $0.00 0 Dec 20, 2023 Common Stock 7,230 $94.37 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 7/26/2023.