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

Signature
Veronique Bourdeau, Authorized Signatory For: Reed Hastings
Issuer symbol
NFLX
Transactions as of
01 Aug 2024
Net transactions value
-$14,913,991
Form type
4
Filing time
02 Aug 2024, 16:59:50 UTC
Previous filing
26 Jul 2024
Next filing
07 Aug 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NFLX Common Stock Options Exercise $1,249,999 +25,599 +44911% $48.83* 25,656 01 Aug 2024 Direct F1
transaction NFLX Common Stock Sale $322,852 -522 -2% $618.49 25,134 01 Aug 2024 Direct F1, F2
transaction NFLX Common Stock Sale $572,502 -924 -3.7% $619.59 24,210 01 Aug 2024 Direct F1, F3
transaction NFLX Common Stock Sale $1,017,078 -1,639 -6.8% $620.55 22,571 01 Aug 2024 Direct F1, F4
transaction NFLX Common Stock Sale $1,063,206 -1,710 -7.6% $621.76 20,861 01 Aug 2024 Direct F1, F5
transaction NFLX Common Stock Sale $711,869 -1,143 -5.5% $622.81 19,718 01 Aug 2024 Direct F1, F6
transaction NFLX Common Stock Sale $998,641 -1,600 -8.1% $624.15 18,118 01 Aug 2024 Direct F1, F7
transaction NFLX Common Stock Sale $786,803 -1,259 -6.9% $624.94 16,859 01 Aug 2024 Direct F1, F8
transaction NFLX Common Stock Sale $438,377 -700 -4.2% $626.25 16,159 01 Aug 2024 Direct F1, F9
transaction NFLX Common Stock Sale $410,814 -655 -4.1% $627.20 15,504 01 Aug 2024 Direct F1, F10
transaction NFLX Common Stock Sale $251,238 -400 -2.6% $628.10 15,104 01 Aug 2024 Direct F1, F11
transaction NFLX Common Stock Sale $636,980 -1,012 -6.7% $629.43 14,092 01 Aug 2024 Direct F1, F12
transaction NFLX Common Stock Sale $476,709 -755 -5.4% $631.40 13,337 01 Aug 2024 Direct F1, F13
transaction NFLX Common Stock Sale $666,405 -1,054 -7.9% $632.26 12,283 01 Aug 2024 Direct F1, F14
transaction NFLX Common Stock Sale $1,050,258 -1,658 -13% $633.45 10,625 01 Aug 2024 Direct F1, F15
transaction NFLX Common Stock Sale $963,871 -1,519 -14% $634.54 9,106 01 Aug 2024 Direct F1, F16
transaction NFLX Common Stock Sale $571,909 -900 -9.9% $635.45 8,206 01 Aug 2024 Direct F1, F17
transaction NFLX Common Stock Sale $422,712 -664 -8.1% $636.61 7,542 01 Aug 2024 Direct F1, F18
transaction NFLX Common Stock Sale $768,118 -1,204 -16% $637.97 6,338 01 Aug 2024 Direct F1, F19
transaction NFLX Common Stock Sale $418,526 -655 -10% $638.97 5,683 01 Aug 2024 Direct F1, F20
transaction NFLX Common Stock Sale $575,963 -900 -16% $639.96 4,783 01 Aug 2024 Direct F1, F21
transaction NFLX Common Stock Sale $512,908 -800 -17% $641.14 3,983 01 Aug 2024 Direct F1, F22
transaction NFLX Common Stock Sale $706,139 -1,100 -28% $641.94 2,883 01 Aug 2024 Direct F1, F23
transaction NFLX Common Stock Sale $707,315 -1,100 -38% $643.01 1,783 01 Aug 2024 Direct F1, F24
transaction NFLX Common Stock Sale $515,175 -800 -45% $643.97 983 01 Aug 2024 Direct F1, F25
transaction NFLX Common Stock Sale $468,448 -726 -74% $645.24 257 01 Aug 2024 Direct F1, F26
transaction NFLX Common Stock Sale $129,176 -200 -78% $645.88 57 01 Aug 2024 Direct F1, F27
holding NFLX Common Stock 2,201,541 01 Aug 2024 by Trust F28

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 -25,599 -100% $0.000000* 0 01 Aug 2024 Common Stock 25,599 $48.83 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 $618.0307 to $618.964. 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 $619.0657 to $620.0585. 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 $620.1406 to $621.12. 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 $621.38 to $622.28. 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 $622.40 to $623.39. 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 $623.67 to $624.4847. 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 $624.69 to $625.34. 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 $625.70 to $626.68. 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 $626.70 to $627.54. 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 $627.92 to $628.52. 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 $629.12 to $629.80. 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 $630.89 to $631.78. 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 $631.93 to $632.80. 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 $632.94 to $633.80. 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 This transaction was executed in multiple trades at prices ranging from $634.02 to $634.99. 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.
F17 This transaction was executed in multiple trades at prices ranging from $635.03 to $636.00. 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.
F18 This transaction was executed in multiple trades at prices ranging from $636.27 to $637.20. 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.
F19 This transaction was executed in multiple trades at prices ranging from $637.44 to $638.2649. 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.
F20 This transaction was executed in multiple trades at prices ranging from $638.47 to $639.40. 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.
F21 This transaction was executed in multiple trades at prices ranging from $639.50 to $640.49. 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.
F22 This transaction was executed in multiple trades at prices ranging from $640.59 to $641.50. 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.
F23 This transaction was executed in multiple trades at prices ranging from $641.62 to $642.31. 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.
F24 This transaction was executed in multiple trades at prices ranging from $642.63 to $643.34. 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.
F25 This transaction was executed in multiple trades at prices ranging from $643.64 to $644.51. 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.
F26 This transaction was executed in multiple trades at prices ranging from $644.6814 to $645.66. 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.
F27 This transaction was executed in multiple trades at prices ranging from $645.85 to $645.91. 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.
F28 As Trustee of the Hastings-Quillin Family Trust