HASTINGS REED - 01 May 2024 Form 4 Insider Report for NETFLIX INC (NFLX)

Signature
Veronique Bourdeau, Authorized Signatory For: Reed Hastings
Issuer symbol
NFLX
Transactions as of
01 May 2024
Net transactions value
-$8,876,655
Form type
4
Filing time
02 May 2024, 20:32:29 UTC
Previous filing
02 Apr 2024
Next filing
06 May 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NFLX Common Stock Options Exercise $1,250,122 +18,361 +65575% $68.09 18,389 01 May 2024 Direct F1
transaction NFLX Common Stock Sale $328,894 -603 -3.3% $545.43 17,786 01 May 2024 Direct F1, F2
transaction NFLX Common Stock Sale $1,054,816 -1,930 -11% $546.54 15,856 01 May 2024 Direct F1, F3
transaction NFLX Common Stock Sale $2,530,763 -4,621 -29% $547.67 11,235 01 May 2024 Direct F1, F4
transaction NFLX Common Stock Sale $744,242 -1,357 -12% $548.45 9,878 01 May 2024 Direct F1, F5
transaction NFLX Common Stock Sale $173,138 -315 -3.2% $549.65 9,563 01 May 2024 Direct F1, F6
transaction NFLX Common Stock Sale $1,275,295 -2,310 -24% $552.08 7,253 01 May 2024 Direct F1, F7
transaction NFLX Common Stock Sale $608,346 -1,100 -15% $553.04 6,153 01 May 2024 Direct F1, F8
transaction NFLX Common Stock Sale $526,308 -950 -15% $554.01 5,203 01 May 2024 Direct F1, F9
transaction NFLX Common Stock Sale $889,030 -1,600 -31% $555.64 3,603 01 May 2024 Direct F1, F10
transaction NFLX Common Stock Sale $389,741 -700 -19% $556.77 2,903 01 May 2024 Direct F1, F11
transaction NFLX Common Stock Sale $501,947 -900 -31% $557.72 2,003 01 May 2024 Direct F1, F12
transaction NFLX Common Stock Sale $782,401 -1,400 -70% $558.86 603 01 May 2024 Direct F1, F13
transaction NFLX Common Stock Sale $321,855 -575 -95% $559.75 28 01 May 2024 Direct F1, F14
holding NFLX Common Stock 2,991,541 01 May 2024 by Trust F15

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 -18,361 -100% $0.000000* 0 01 May 2024 Common Stock 18,361 $68.09 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 This transaction was executed in multiple trades at prices ranging from $544.95 to $545.9231. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F3 This transaction was executed in multiple trades at prices ranging from $546.099 to $547.08. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F4 This transaction was executed in multiple trades at prices ranging from $547.13 to $548.09. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F5 This transaction was executed in multiple trades at prices ranging from $548.13 to $549.0465. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F6 This transaction was executed in multiple trades at prices ranging from $549.40 to $549.9485. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F7 This transaction was executed in multiple trades at prices ranging from $551.6301 to $552.62. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F8 This transaction was executed in multiple trades at prices ranging from $552.6413 to $553.48. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F9 This transaction was executed in multiple trades at prices ranging from $553.67 to $554.434. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F10 This transaction was executed in multiple trades at prices ranging from $555.23 to $556.0579. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F11 This transaction was executed in multiple trades at prices ranging from $556.27 to $557.05. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F12 This transaction was executed in multiple trades at prices ranging from $557.29 to $558.23. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F13 This transaction was executed in multiple trades at prices ranging from $558.34 to $559.29. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F14 This transaction was executed in multiple trades at prices ranging from $559.38 to $560.08. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F15 As Trustee of the Hastings-Quillin Family Trust