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

Signature
Veronique Bourdeau, Authorized Signatory For: Reed Hastings
Issuer symbol
NFLX
Transactions as of
01 Oct 2024
Net transactions value
-$29,128,350
Form type
4
Filing time
02 Oct 2024, 19:53:37 UTC
Previous filing
04 Sep 2024
Next filing
04 Nov 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NFLX Common Stock Options Exercise $2,853,723 +45,290 +53282% $63.01 45,375 01 Oct 2024 Direct F1
transaction NFLX Common Stock Sale $1,444,453 -2,065 -4.6% $699.49 43,310 01 Oct 2024 Direct F1, F2
transaction NFLX Common Stock Sale $967,770 -1,381 -3.2% $700.77 41,929 01 Oct 2024 Direct F1, F3
transaction NFLX Common Stock Sale $772,114 -1,100 -2.6% $701.92 40,829 01 Oct 2024 Direct F1, F4
transaction NFLX Common Stock Sale $4,096,302 -5,827 -14% $702.99 35,002 01 Oct 2024 Direct F1, F5
transaction NFLX Common Stock Sale $3,119,976 -4,432 -13% $703.97 30,570 01 Oct 2024 Direct F1, F6
transaction NFLX Common Stock Sale $4,007,499 -5,685 -19% $704.93 24,885 01 Oct 2024 Direct F1, F7
transaction NFLX Common Stock Sale $5,604,715 -7,939 -32% $705.97 16,946 01 Oct 2024 Direct F1, F8
transaction NFLX Common Stock Sale $1,705,059 -2,412 -14% $706.91 14,534 01 Oct 2024 Direct F1, F9
transaction NFLX Common Stock Sale $2,384,854 -3,368 -23% $708.09 11,166 01 Oct 2024 Direct F1, F10
transaction NFLX Common Stock Sale $3,177,078 -4,480 -40% $709.17 6,686 01 Oct 2024 Direct F1, F11
transaction NFLX Common Stock Sale $1,596,958 -2,249 -34% $710.07 4,437 01 Oct 2024 Direct F1, F12
transaction NFLX Common Stock Sale $497,933 -700 -16% $711.33 3,737 01 Oct 2024 Direct F1, F13
transaction NFLX Common Stock Sale $1,069,236 -1,500 -40% $712.82 2,237 01 Oct 2024 Direct F1, F14
transaction NFLX Common Stock Sale $1,538,126 -2,152 -96% $714.74 85 01 Oct 2024 Direct F1, F15
holding NFLX Common Stock 2,154,241 01 Oct 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 -45,290 -100% $0.000000 0 01 Oct 2024 Common Stock 45,290 $63.01 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 $699.11 to $700.05. 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.
F3 This transaction was executed in multiple trades at prices ranging from $700.24 to $701.19. 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 $701.37 to $702.30. 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 $702.43 to $703.37. 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 $703.43 to $704.42. 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 $704.43 to $705.35. 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 $705.44 to $706.43. 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 $706.50 to $707.4766. 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 $707.59 to $708.53. 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 $708.68 to $709.66. 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.
F12 This transaction was executed in multiple trades at prices ranging from $709.73 to $710.69. 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.
F13 This transaction was executed in multiple trades at prices ranging from $710.90 to $711.79. 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 $712.42 to $713.32. 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 $713.81 to $714.98. 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