Gregory K. Peters - Feb 27, 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
Feb 27, 2024
Transactions value $
-$2,810,262
Form type
4
Date filed
2/28/2024, 07:26 PM
Previous filing
Feb 7, 2024
Next filing
Mar 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction NFLX Common Stock +Options Exercise $682,338 +5,821 +44.47% $117.22 18,911 Feb 27, 2024 Direct F1
transaction NFLX Common Stock -Sell -$3,492,600 -5,821 -30.78% $600.00 13,090 Feb 27, 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 Non-Qualified Stock Option (right to buy) -Options Exercise $0 -5,821 -100% $0.00 0 Feb 27, 2024 Common Stock 5,821 $117.22 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.