Theodore A. Sarandos - Feb 5, 2024 Form 4 Insider Report for NETFLIX INC (NFLX)

Role
Co-CEO, Director
Signature
By: Veronique Bourdeau, Authorized Signatory For: Theodore A. Sarandos
Stock symbol
NFLX
Transactions as of
Feb 5, 2024
Transactions value $
-$738,547
Form type
4
Date filed
2/7/2024, 07:38 PM
Previous filing
Jan 26, 2024
Next filing
Feb 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NFLX Common Stock Options Exercise +2.59K 2.59K Feb 5, 2024 Direct F1
transaction NFLX Common Stock Tax liability -$739K -1.31K -50.69% $562.06 1.28K Feb 5, 2024 Direct F2

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 Options Exercise $0 -2.59K -8.33% $0.00 28.5K Feb 5, 2024 Common Stock 2.59K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects restricted stock units (RSUs) that following vesting, settled in shares of Netflix common stock on a one-for-one basis.
F2 Shares withheld to satisfy tax withholding obligations arising out of the vesting of RSUs.
F3 Each RSU represents a contingent right to receive one share of Netflix common stock.
F4 On January 25, 2024, the Reporting Person was granted 31,112 RSUs. Subject to the terms and conditions of the underlying award agreement, 1/12th of the RSUs 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).