Gregory K. Peters - Jan 24, 2024 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
Jan 24, 2024
Transactions value $
-$6,060,980
Form type
4
Date filed
1/26/2024, 05:52 PM
Previous filing
Jan 3, 2024
Next filing
Jan 29, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction NFLX Common Stock +Options Exercise $682,342 +7,007 +53.53% $97.38 20,097 Jan 24, 2024 Direct
transaction NFLX Common Stock +Options Exercise $682,284 +6,648 +33.08% $102.63 26,745 Jan 24, 2024 Direct
transaction NFLX Common Stock -Sell -$3,769,205 -7,007 -26.2% $537.92 19,738 Jan 24, 2024 Direct F1
transaction NFLX Common Stock -Sell -$3,656,400 -6,648 -33.68% $550.00 13,090 Jan 24, 2024 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 Restricted Stock Units +Grant/Award $0 +31,112 $0.00 31,112 Jan 25, 2024 Common Stock 31,112 Direct F2, F3
transaction NFLX Non-Qualified Stock Option (right to buy) -Options Exercise $0 -7,007 -100% $0.00 0 Jan 24, 2024 Common Stock 7,007 $97.38 Direct F1
transaction NFLX Non-Qualified Stock Option (right to buy) -Options Exercise $0 -6,648 -100% $0.00 0 Jan 24, 2024 Common Stock 6,648 $102.63 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.
F2 Each restricted stock unit (RSU) represents a contingent right to receive one share of Netflix common stock.
F3 Subject to the terms and conditions of the underlying award agreements, 1/12th of the RSUs will vest on a quarterly basis beginning on February 3, 2024 (or, to the extent it is not a trading day, the first trading day thereafter).