HASTINGS REED - 03 Feb 2025 Form 4 Insider Report for NETFLIX INC (NFLX)

Role: Executive Chairman, Director
Signature: Veronique Bourdeau, Authorized Signatory For: Reed Hastings
Issuer symbol: NFLX
Transactions as of: 03 Feb 2025
Net transactions value: -$43,954
Form type: 4
Filing time: 05 Feb 2025, 20:54:27 UTC
Previous filing: 24 Jan 2025
Next filing: 04 Mar 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		+58	+17%		407	03 Feb 2025	Direct	F1
transaction	NFLX	Common Stock	Options Exercise		+32	+7.9%		439	03 Feb 2025	Direct	F1
transaction	NFLX	Common Stock	Tax liability	$28,326	-29	-6.6%	$976.76	410	03 Feb 2025	Direct	F2
transaction	NFLX	Common Stock	Tax liability	$15,628	-16	-3.9%	$976.76	394	03 Feb 2025	Direct	F2
holding	NFLX	Common Stock						2,154,241	03 Feb 2025	by Trust	F3

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	-58	-12%	$0.000000	411	03 Feb 2025	Common Stock	58		Direct	F4, F5
transaction	NFLX	Restricted Stock Units	Options Exercise	$0	-32	-8.2%	$0.000000	360	03 Feb 2025	Common Stock	32		Direct	F4, F6

* 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	As Trustee of the Hastings-Quillin Family Trust
F4	Each RSU represents a contingent right to receive one share of Netflix common stock.
F5	On January 25, 2024, the Reporting Person was granted 703 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).
F6	On January 23, 2025, the Reporting Person was granted 392 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).