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

Role
Chief Legal Officer
Signature
By: Veronique Bourdeau, Authorized Signatory For: David A. Hyman
Issuer symbol
NFLX
Transactions as of
24 Jan 2024
Net transactions value
-$20,746,144
Form type
4
Filing time
26 Jan 2024, 17:53:51 UTC
Previous filing
03 Jan 2024
Next filing
07 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NFLX Common Stock Options Exercise $250,049 +2,274 +7.2% $109.96 33,884 24 Jan 2024 Direct F1
transaction NFLX Common Stock Options Exercise $417,666 +4,439 +13% $94.09 38,323 24 Jan 2024 Direct F1
transaction NFLX Common Stock Options Exercise $417,677 +4,249 +11% $98.30 42,572 24 Jan 2024 Direct F1
transaction NFLX Common Stock Options Exercise $417,726 +3,952 +9.3% $105.70 46,524 24 Jan 2024 Direct F1
transaction NFLX Common Stock Options Exercise $417,785 +4,487 +9.6% $93.11 51,011 24 Jan 2024 Direct F1
transaction NFLX Common Stock Options Exercise $417,714 +4,115 +8.1% $101.51 55,126 24 Jan 2024 Direct F1
transaction NFLX Common Stock Options Exercise $417,711 +4,321 +7.8% $96.67 59,447 24 Jan 2024 Direct F1
transaction NFLX Common Stock Options Exercise $417,682 +4,426 +7.4% $94.37 63,873 24 Jan 2024 Direct F1
transaction NFLX Common Stock Options Exercise $417,760 +4,290 +6.7% $97.38 68,163 24 Jan 2024 Direct F1
transaction NFLX Common Stock Options Exercise $417,704 +4,070 +6% $102.63 72,233 24 Jan 2024 Direct F1
transaction NFLX Common Stock Options Exercise $417,617 +3,387 +4.7% $123.30 75,620 24 Jan 2024 Direct F1
transaction NFLX Common Stock Options Exercise $417,772 +3,564 +4.7% $117.22 79,184 24 Jan 2024 Direct F1
transaction NFLX Common Stock Sale $25,591,006 -47,574 -60% $537.92 31,610 24 Jan 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 +6,524 $0.000000 6,524 25 Jan 2024 Common Stock 6,524 Direct F2, F3
transaction NFLX Non-Qualified Stock Option (right to buy) Options Exercise $0 -2,274 -100% $0.000000* 0 24 Jan 2024 Common Stock 2,274 $109.96 Direct F1
transaction NFLX Non-Qualified Stock Option (right to buy) Options Exercise $0 -4,439 -100% $0.000000* 0 24 Jan 2024 Common Stock 4,439 $94.09 Direct F1
transaction NFLX Non-Qualified Stock Option (right to buy) Options Exercise $0 -4,249 -100% $0.000000* 0 24 Jan 2024 Common Stock 4,249 $98.30 Direct F1
transaction NFLX Non-Qualified Stock Option (right to buy) Options Exercise $0 -3,952 -100% $0.000000* 0 24 Jan 2024 Common Stock 3,952 $105.70 Direct F1
transaction NFLX Non-Qualified Stock Option (right to buy) Options Exercise $0 -4,487 -100% $0.000000* 0 24 Jan 2024 Common Stock 4,487 $93.11 Direct F1
transaction NFLX Non-Qualified Stock Option (right to buy) Options Exercise $0 -4,115 -100% $0.000000* 0 24 Jan 2024 Common Stock 4,115 $101.51 Direct F1
transaction NFLX Non-Qualified Stock Option (right to buy) Options Exercise $0 -4,321 -100% $0.000000* 0 24 Jan 2024 Common Stock 4,321 $96.67 Direct F1
transaction NFLX Non-Qualified Stock Option (right to buy) Options Exercise $0 -4,426 -100% $0.000000* 0 24 Jan 2024 Common Stock 4,426 $94.37 Direct F1
transaction NFLX Non-Qualified Stock Option (right to buy) Options Exercise $0 -4,290 -100% $0.000000* 0 24 Jan 2024 Common Stock 4,290 $97.38 Direct F1
transaction NFLX Non-Qualified Stock Option (right to buy) Options Exercise $0 -4,070 -100% $0.000000* 0 24 Jan 2024 Common Stock 4,070 $102.63 Direct F1
transaction NFLX Non-Qualified Stock Option (right to buy) Options Exercise $0 -3,387 -100% $0.000000* 0 24 Jan 2024 Common Stock 3,387 $123.30 Direct F1
transaction NFLX Non-Qualified Stock Option (right to buy) Options Exercise $0 -3,564 -100% $0.000000* 0 24 Jan 2024 Common Stock 3,564 $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).