Theodore A. Sarandos - 03 Feb 2025 Form 4 Insider Report for NETFLIX INC (NFLX)

Role: Co-CEO, Director
Signature: By: Veronique Bourdeau, Authorized Signatory For: Theodore A. Sarandos
Issuer symbol: NFLX
Transactions as of: 03 Feb 2025
Net transactions value: -$1,963,288
Form type: 4
Filing time: 05 Feb 2025, 20:54:16 UTC
Previous filing: 03 Feb 2025
Next filing: 07 May 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NFLX	Common Stock	Options Exercise		+2,593	+20%		15,734	03 Feb 2025	Direct	F1
transaction	NFLX	Common Stock	Options Exercise		+1,444	+9.2%		17,178	03 Feb 2025	Direct	F1
transaction	NFLX	Common Stock	Tax liability	$1,260,997	-1,291	-7.5%	$976.76	15,887	03 Feb 2025	Direct	F2
transaction	NFLX	Common Stock	Tax liability	$702,290	-719	-4.5%	$976.76	15,168	03 Feb 2025	Direct	F2

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	Restricted Stock Units	Options Exercise	$0	-2,593	-13%	$0.000000	18,149	03 Feb 2025	Common Stock	2,593		Direct	F3, F4
transaction	NFLX	Restricted Stock Units	Options Exercise	$0	-1,444	-8.3%	$0.000000	15,886	03 Feb 2025	Common Stock	1,444		Direct	F3, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Reflects restricted stock units (RSUs) that following vesting, settled in shares of Netflix common stock on a one-for-one basis.
F2	Shares withheld to satisfy tax withholding obligations arising out of the vesting of RSUs.
F3	Each RSU represents a contingent right to receive one share of Netflix common stock.
F4	On January 25, 2024, the Reporting Person was granted 31,112 RSUs. Subject to the terms and conditions of the underlying award agreement, 1/12th of the RSUs vest on a quarterly basis beginning on February 3, 2024 (or, to the extent it is not a trading day, the first trading day thereafter).
F5	On January 23, 2025, the Reporting Person was granted 17,330 RSUs. Subject to the terms and conditions of the underlying award agreement, 1/12th of the RSUs vest on a quarterly basis beginning on February 3, 2025 (or, to the extent it is not a trading day, the first trading day thereafter).