HASTINGS REED - 01 Dec 2025 Form 4 Insider Report for NETFLIX INC (NFLX)

Role
Director
Signature
Veronique Bourdeau, Authorized Signatory For: Reed Hastings
Issuer symbol
NFLX
Transactions as of
01 Dec 2025
Net transactions value
-$36,743,718
Form type
4
Filing time
02 Dec 2025, 20:52:44 UTC
Previous filing
12 Nov 2025
Next filing
05 Jan 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
HASTINGS REED Director 121 ALBRIGHT WAY, LOS GATOS Veronique Bourdeau, Authorized Signatory For: Reed Hastings 02 Dec 2025 0001033331

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NFLX Common Stock Options Exercise $3,968,718 +375,470 +9530% $10.57 379,410 01 Dec 2025 Direct F1
transaction NFLX Common Stock Sale $3,943,119 -36,903 -9.7% $106.85* 342,507 01 Dec 2025 Direct F1, F2
transaction NFLX Common Stock Sale $15,212,028 -140,595 -41% $108.20* 201,912 01 Dec 2025 Direct F1, F3
transaction NFLX Common Stock Sale $21,557,290 -197,972 -98% $108.89* 3,940 01 Dec 2025 Direct F1, F4
holding NFLX Common Stock 21,401,520 01 Dec 2025 by Trust F5

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 Non-Qualified Stock Option (right to buy) Options Exercise $0 -375,470 -100% $0.000000 0 01 Dec 2025 Common Stock 375,470 $10.57 Direct F1
transaction NFLX Non-Qualified Stock Option (right to buy) Award $0 +576 $0.000000 576 01 Dec 2025 Common Stock 576 $109.13 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Transaction made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 8/8/2023.
F2 This transaction was executed in multiple trades at prices ranging from $106.50 to $107.4725. 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.
F3 This transaction was executed in multiple trades at prices ranging from $107.58 to $108.5716. 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 This transaction was executed in multiple trades at prices ranging from $108.58 to $109.29. 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.
F5 As Trustee of the Hastings-Quillin Family Trust

Remarks:

Adjusted to reflect a ten-for-one forward split of the Issuer's common stock effective after market close on November 14, 2025.