Gregory K. Peters - Jan 24, 2024 Form 4 Insider Report for NETFLIX INC (NFLX)

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 $682K +7.01K +53.53% $97.38 20.1K Jan 24, 2024 Direct
transaction NFLX Common Stock Options Exercise $682K +6.65K +33.08% $102.63 26.7K Jan 24, 2024 Direct
transaction NFLX Common Stock Sale -$3.77M -7.01K -26.2% $537.92 19.7K Jan 24, 2024 Direct F1
transaction NFLX Common Stock Sale -$3.66M -6.65K -33.68% $550.00 13.1K 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 Award $0 +31.1K $0.00 31.1K Jan 25, 2024 Common Stock 31.1K Direct F2, F3
transaction NFLX Non-Qualified Stock Option (right to buy) Options Exercise $0 -7.01K -100% $0.00* 0 Jan 24, 2024 Common Stock 7.01K $97.38 Direct F1
transaction NFLX Non-Qualified Stock Option (right to buy) Options Exercise $0 -6.65K -100% $0.00* 0 Jan 24, 2024 Common Stock 6.65K $102.63 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 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).