Spencer Neumann - May 5, 2025 Form 4 Insider Report for NETFLIX INC (NFLX)

Role: Chief Financial Officer
Signature: By: Veronique Bourdeau, Authorized Signatory For: Spencer Neumann
Stock symbol: NFLX
Transactions as of: May 5, 2025
Transactions value $: -$1,571,641
Form type: 4
Date filed: 5/7/2025, 08:30 PM
Previous filing: May 2, 2025
Next filing: Jun 3, 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Neumann Spencer Adam	Chief Financial Officer	121 ALBRIGHT WAY, LOS GATOS	By: Veronique Bourdeau, Authorized Signatory For: Spencer Neumann	2025-05-07	0001543133

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NFLX	Common Stock	Options Exercise		+879	+23.81%		4.57K	May 5, 2025	Direct	F1
transaction	NFLX	Common Stock	Options Exercise		+489	+10.7%		5.06K	May 5, 2025	Direct	F1
transaction	NFLX	Common Stock	Tax liability	-$507K	-438	-8.66%	$1,156.49	4.62K	May 5, 2025	Direct	F2
transaction	NFLX	Common Stock	Tax liability	-$282K	-244	-5.28%	$1,156.49	4.38K	May 5, 2025	Direct	F2
transaction	NFLX	Common Stock	Sale	-$783K	-686	-15.67%	$1,141.28	3.69K	May 6, 2025	Direct

Showing 1 to 5 of 5 entries

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	-879	-14.3%	$0.00	5.27K	May 5, 2025	Common Stock	879		Direct	F3, F4
transaction	NFLX	Restricted Stock Units	Options Exercise	$0	-489	-9.09%	$0.00	4.89K	May 5, 2025	Common Stock	489		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 10,538 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 5,870 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).