Spencer Adam Neumann - 03 Nov 2025 Form 4 Insider Report for NETFLIX INC (NFLX)

Role: Chief Financial Officer
Signature: By: Veronique Bourdeau, Authorized Signatory For: Spencer Neumann
Issuer symbol: NFLX
Transactions as of: 03 Nov 2025
Net transactions value: -$1,523,240
Form type: 4
Filing time: 05 Nov 2025, 21:43:34 UTC
Previous filing: 02 Oct 2025
Next filing: 08 Jan 2026
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	05 Nov 2025	0001543133

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NFLX	Common Stock	Options Exercise		+878	+24%		4,569	03 Nov 2025	Direct	F1
transaction	NFLX	Common Stock	Options Exercise		+489	+11%		5,058	03 Nov 2025	Direct	F1
transaction	NFLX	Common Stock	Tax liability	$490,061	-438	-8.7%	$1118.86	4,620	03 Nov 2025	Direct	F2
transaction	NFLX	Common Stock	Tax liability	$273,002	-244	-5.3%	$1118.86	4,376	03 Nov 2025	Direct	F2
transaction	NFLX	Common Stock	Sale	$760,177	-695	-16%	$1093.78	3,681	03 Nov 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	-878	-20%	$0.000000	3,513	03 Nov 2025	Common Stock	878		Direct	F3, F4
transaction	NFLX	Restricted Stock Units	Options Exercise	$0	-489	-11%	$0.000000	3,914	03 Nov 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).