Cletus R. Willems - 05 May 2025 Form 4 Insider Report for NETFLIX INC (NFLX)

Role
Chief Global Affairs Officer
Signature
By: Veronique Bourdeau, Authorized Signatory For: Cletus R Willems
Issuer symbol
NFLX
Transactions as of
05 May 2025
Net transactions value
-$527,632
Form type
4
Filing time
07 May 2025, 20:30:21 UTC
Previous filing
30 Apr 2025
Next filing
06 Aug 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Willems Cletus R Chief Global Affairs Officer 121 ALBRIGHT WAY, LOS GATOS By: Veronique Bourdeau, Authorized Signatory For: Cletus R Willems 07 May 2025 0002065325

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NFLX Common Stock Options Exercise +315 315 05 May 2025 Direct F1
transaction NFLX Common Stock Options Exercise +146 +46% 461 05 May 2025 Direct F1
transaction NFLX Common Stock Tax liability $122,588 -106 -23% $1156.49 355 05 May 2025 Direct F2
transaction NFLX Common Stock Tax liability $65,920 -57 -16% $1156.49 298 05 May 2025 Direct F2
transaction NFLX Common Stock Sale $339,124 -298 -100% $1138.00 0 07 May 2025 Direct

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 -315 -8.3% $0.000000 3,476 05 May 2025 Common Stock 315 Direct F3, F4
transaction NFLX Restricted Stock Units Options Exercise $0 -146 -9.1% $0.000000 1,465 05 May 2025 Common Stock 146 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 restricted stock unit (RSU) represents a contingent right to receive one share of Netflix common stock.
F4 On April 28, 2025, the Reporting Person was granted 3,791 RSUs. Subject to the terms and conditions of the underlying award agreements, 1/12th of the RSUs will vest on a quarterly basis beginning on May 3, 2025 (or, to the extent it is not a trading day, the first trading day thereafter).
F5 On April 28, 2025, the Reporting Person was granted 1,611 RSUs. Subject to the terms and conditions of the underlying award agreements, 1/11th of the RSUs will vest on a quarterly basis beginning on May 3, 2025 (or, to the extent it is not a trading day, the first trading day thereafter).