Cletus R. Willems - 03 Nov 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: 03 Nov 2025
Net transactions value: -$251,744
Form type: 4
Filing time: 05 Nov 2025, 21:43:23 UTC
Previous filing: 06 Aug 2025
Next filing: 06 Nov 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	05 Nov 2025	0002065325

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NFLX	Common Stock	Options Exercise		+316			316	03 Nov 2025	Direct	F1
transaction	NFLX	Common Stock	Options Exercise		+147	+47%		463	03 Nov 2025	Direct	F1
transaction	NFLX	Common Stock	Tax liability	$171,186	-153	-33%	$1118.86	310	03 Nov 2025	Direct	F2
transaction	NFLX	Common Stock	Tax liability	$80,558	-72	-23%	$1118.86	238	03 Nov 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	-316	-10%	$0.000000	2,844	03 Nov 2025	Common Stock	316		Direct	F3, F4
transaction	NFLX	Restricted Stock Units	Options Exercise	$0	-147	-11%	$0.000000	1,172	03 Nov 2025	Common Stock	147		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).