David A. Hyman - Jan 24, 2024 Form 4 Insider Report for NETFLIX INC (NFLX)

Role
Chief Legal Officer
Signature
By: Veronique Bourdeau, Authorized Signatory For: David A. Hyman
Stock symbol
NFLX
Transactions as of
Jan 24, 2024
Transactions value $
-$20,746,144
Form type
4
Date filed
1/26/2024, 05:53 PM
Previous filing
Jan 3, 2024
Next filing
Feb 7, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NFLX Common Stock Options Exercise $250K +2.27K +7.19% $109.96 33.9K Jan 24, 2024 Direct F1
transaction NFLX Common Stock Options Exercise $418K +4.44K +13.1% $94.09 38.3K Jan 24, 2024 Direct F1
transaction NFLX Common Stock Options Exercise $418K +4.25K +11.09% $98.30 42.6K Jan 24, 2024 Direct F1
transaction NFLX Common Stock Options Exercise $418K +3.95K +9.28% $105.70 46.5K Jan 24, 2024 Direct F1
transaction NFLX Common Stock Options Exercise $418K +4.49K +9.64% $93.11 51K Jan 24, 2024 Direct F1
transaction NFLX Common Stock Options Exercise $418K +4.12K +8.07% $101.51 55.1K Jan 24, 2024 Direct F1
transaction NFLX Common Stock Options Exercise $418K +4.32K +7.84% $96.67 59.4K Jan 24, 2024 Direct F1
transaction NFLX Common Stock Options Exercise $418K +4.43K +7.45% $94.37 63.9K Jan 24, 2024 Direct F1
transaction NFLX Common Stock Options Exercise $418K +4.29K +6.72% $97.38 68.2K Jan 24, 2024 Direct F1
transaction NFLX Common Stock Options Exercise $418K +4.07K +5.97% $102.63 72.2K Jan 24, 2024 Direct F1
transaction NFLX Common Stock Options Exercise $418K +3.39K +4.69% $123.30 75.6K Jan 24, 2024 Direct F1
transaction NFLX Common Stock Options Exercise $418K +3.56K +4.71% $117.22 79.2K Jan 24, 2024 Direct F1
transaction NFLX Common Stock Sale -$25.6M -47.6K -60.08% $537.92 31.6K 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 +6.52K $0.00 6.52K Jan 25, 2024 Common Stock 6.52K Direct F2, F3
transaction NFLX Non-Qualified Stock Option (right to buy) Options Exercise $0 -2.27K -100% $0.00* 0 Jan 24, 2024 Common Stock 2.27K $109.96 Direct F1
transaction NFLX Non-Qualified Stock Option (right to buy) Options Exercise $0 -4.44K -100% $0.00* 0 Jan 24, 2024 Common Stock 4.44K $94.09 Direct F1
transaction NFLX Non-Qualified Stock Option (right to buy) Options Exercise $0 -4.25K -100% $0.00* 0 Jan 24, 2024 Common Stock 4.25K $98.30 Direct F1
transaction NFLX Non-Qualified Stock Option (right to buy) Options Exercise $0 -3.95K -100% $0.00* 0 Jan 24, 2024 Common Stock 3.95K $105.70 Direct F1
transaction NFLX Non-Qualified Stock Option (right to buy) Options Exercise $0 -4.49K -100% $0.00* 0 Jan 24, 2024 Common Stock 4.49K $93.11 Direct F1
transaction NFLX Non-Qualified Stock Option (right to buy) Options Exercise $0 -4.12K -100% $0.00* 0 Jan 24, 2024 Common Stock 4.12K $101.51 Direct F1
transaction NFLX Non-Qualified Stock Option (right to buy) Options Exercise $0 -4.32K -100% $0.00* 0 Jan 24, 2024 Common Stock 4.32K $96.67 Direct F1
transaction NFLX Non-Qualified Stock Option (right to buy) Options Exercise $0 -4.43K -100% $0.00* 0 Jan 24, 2024 Common Stock 4.43K $94.37 Direct F1
transaction NFLX Non-Qualified Stock Option (right to buy) Options Exercise $0 -4.29K -100% $0.00* 0 Jan 24, 2024 Common Stock 4.29K $97.38 Direct F1
transaction NFLX Non-Qualified Stock Option (right to buy) Options Exercise $0 -4.07K -100% $0.00* 0 Jan 24, 2024 Common Stock 4.07K $102.63 Direct F1
transaction NFLX Non-Qualified Stock Option (right to buy) Options Exercise $0 -3.39K -100% $0.00* 0 Jan 24, 2024 Common Stock 3.39K $123.30 Direct F1
transaction NFLX Non-Qualified Stock Option (right to buy) Options Exercise $0 -3.56K -100% $0.00* 0 Jan 24, 2024 Common Stock 3.56K $117.22 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 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).