HASTINGS REED - 03 Jun 2024 Form 4 Insider Report for NETFLIX INC (NFLX)

Signature
Veronique Bourdeau, Authorized Signatory For: Reed Hastings
Issuer symbol
NFLX
Transactions as of
03 Jun 2024
Net transactions value
-$11,385,374
Form type
4
Filing time
04 Jun 2024, 17:58:57 UTC
Previous filing
06 May 2024
Next filing
02 Jul 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NFLX Common Stock Options Exercise $1,250,141 +19,943 +34988% $62.69 20,000 03 Jun 2024 Direct F1
transaction NFLX Common Stock Sale $314,000 -500 -2.5% $628.00 19,500 03 Jun 2024 Direct F1, F2
transaction NFLX Common Stock Sale $1,195,577 -1,900 -9.7% $629.25 17,600 03 Jun 2024 Direct F1, F3
transaction NFLX Common Stock Sale $2,898,287 -4,600 -26% $630.06 13,000 03 Jun 2024 Direct F1, F4
transaction NFLX Common Stock Sale $1,325,401 -2,100 -16% $631.14 10,900 03 Jun 2024 Direct F1, F5
transaction NFLX Common Stock Sale $885,955 -1,400 -13% $632.82 9,500 03 Jun 2024 Direct F1, F6
transaction NFLX Common Stock Sale $1,670,507 -2,636 -28% $633.73 6,864 03 Jun 2024 Direct F1, F7
transaction NFLX Common Stock Sale $761,853 -1,200 -17% $634.88 5,664 03 Jun 2024 Direct F1, F8
transaction NFLX Common Stock Sale $659,702 -1,037 -18% $636.16 4,627 03 Jun 2024 Direct F1, F9
transaction NFLX Common Stock Sale $550,618 -864 -19% $637.29 3,763 03 Jun 2024 Direct F1, F10
transaction NFLX Common Stock Sale $992,520 -1,555 -41% $638.28 2,208 03 Jun 2024 Direct F1, F11
transaction NFLX Common Stock Sale $113,162 -177 -8% $639.33 2,031 03 Jun 2024 Direct F1, F12
transaction NFLX Common Stock Sale $404,965 -632 -31% $640.77 1,399 03 Jun 2024 Direct F1, F13
transaction NFLX Common Stock Sale $418,253 -652 -47% $641.49 747 03 Jun 2024 Direct F1, F14
transaction NFLX Common Stock Sale $64,230 -100 -13% $642.30 647 03 Jun 2024 Direct F1
transaction NFLX Common Stock Sale $380,484 -590 -91% $644.89 57 03 Jun 2024 Direct F1, F15
holding NFLX Common Stock 2,991,541 03 Jun 2024 by Trust F16

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 -19,943 -100% $0.000000* 0 03 Jun 2024 Common Stock 19,943 $62.69 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 $627.64 to $628.41. 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 $628.71 to $629.69. 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 $629.71 to $630.65. 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 $630.82 to $631.81. 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 $632.14 to $633.09. 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.
F7 This transaction was executed in multiple trades at prices ranging from $633.29 to $634.25. 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 $634.41 to $635.21. 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 $635.63 to $636.60. 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 $636.8313 to $637.8167. 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 $637.84 to $638.765. 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 $639.0267 to $639.7706. 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 $640.12 to $641.1171. 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 $641.16 to $641.8644. 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 This transaction was executed in multiple trades at prices ranging from $644.1984 to $644.99. 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.
F16 As Trustee of the Hastings-Quillin Family Trust