Theodore A. Sarandos - 05 May 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: 05 May 2025
Net transactions value: -$4,635,828
Form type: 4
Filing time: 07 May 2025, 20:29:41 UTC
Previous filing: 05 Feb 2025
Next filing: 06 Aug 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
SARANDOS THEODORE A	Co-CEO, Director	121 ALBRIGHT WAY, LOS GATOS	By: Veronique Bourdeau, Authorized Signatory For: Theodore A. Sarandos	07 May 2025	0001393838

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NFLX	Common Stock	Options Exercise		+2,593	+17%		17,761	05 May 2025	Direct	F1
transaction	NFLX	Common Stock	Options Exercise		+1,444	+8.1%		19,205	05 May 2025	Direct	F1
transaction	NFLX	Common Stock	Tax liability	$1,493,029	-1,291	-6.7%	$1156.49	17,914	05 May 2025	Direct	F2
transaction	NFLX	Common Stock	Tax liability	$831,516	-719	-4%	$1156.49	17,195	05 May 2025	Direct	F2
transaction	NFLX	Common Stock	Sale	$2,311,283	-2,027	-12%	$1140.25	15,168	06 May 2025	Direct	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	-2,593	-14%	$0.000000	15,556	05 May 2025	Common Stock	2,593		Direct	F4, F5
transaction	NFLX	Restricted Stock Units	Options Exercise	$0	-1,444	-9.1%	$0.000000	14,442	05 May 2025	Common Stock	1,444		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	This transaction was executed in multiple trades at prices ranging from $1,140.18 to $1,140.40. 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.
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 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).
F6	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).