Jay C. Hoag - Aug 2, 2021 Form 4 Insider Report for NETFLIX INC (NFLX)

Role: Director
Signature: Frederic D. Fenton Authorized signatory for Jay C. Hoag
Stock symbol: NFLX
Transactions as of: Aug 2, 2021
Transactions value $: -$479,042
Form type: 4
Date filed: 8/4/2021, 06:09 PM
Previous filing: Jul 2, 2021
Next filing: Aug 10, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NFLX	Common Stock	Other	$0	-229K	-32.55%	$0.00	475K	Aug 2, 2021	TCV VII, L.P.	F1, F2
transaction	NFLX	Common Stock	Other	$0	-119K	-32.55%	$0.00	247K	Aug 2, 2021	TCV VII (A), L.P.	F3, F4
transaction	NFLX	Common Stock	Other	$0	-1.98K	-32.55%	$0.00	4.11K	Aug 2, 2021	TCV Member Fund, L.P.	F5, F6
transaction	NFLX	Common Stock	Other	$0	+87.5K		$0.00	87.5K	Aug 2, 2021	Technology Crossover Management VII, L.P.	F7, F8
transaction	NFLX	Common Stock	Other	$0	-86.6K	-98.93%	$0.00	939	Aug 2, 2021	Technology Crossover Management VII, L.P.	F8, F9
transaction	NFLX	Common Stock	Other	$0	+8.12K	+1.69%	$0.00	488K	Aug 2, 2021	The Hoag Family Trust U/A DTD 08/02/1994	F10, F11
transaction	NFLX	Common Stock	Other	$0	+8.12K	+5.87%	$0.00	146K	Aug 2, 2021	Hamilton Investments Limited Partnership	F12, F13
transaction	NFLX	Common Stock	Sale	-$479K	-939	-100%	$510.16	0	Aug 3, 2021	Technology Crossover Management VII, L.P.	F8, F14
holding	NFLX	Common Stock						640K	Aug 2, 2021	Orange Investor, L.P.	F15
holding	NFLX	Common Stock						173K	Aug 2, 2021	Orange (A) Investor, L.P.	F16
holding	NFLX	Common Stock						39.8K	Aug 2, 2021	Orange (B) Investor, L.P.	F17
holding	NFLX	Common Stock						47.1K	Aug 2, 2021	Orange (MF) Investor, L.P.	F18

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	In kind pro-rata distribution from TCV VII, L.P. ("TCV VII") to its partners, without consideration.
F2	These shares are directly held by TCV VII. Jay C. Hoag is a Class A Director of Technology Crossover Management VII, Ltd. ("Management VII") and a limited partner of Technology Crossover Management VII, L.P. ("TCM VII"). Management VII is the sole general partner of TCM VII, which is the sole general partner of TCV VII. Mr. Hoag may be deemed to beneficially own the shares held by TCV VII but disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
F3	In kind pro-rata distribution from TCV VII (A), L.P. ("TCV VII (A)") to its partners, without consideration.
F4	These shares are directly held by TCV VII (A). Jay C. Hoag is a Class A Director of Management VII and a limited partner of TCM VII. Management VII is the sole general partner of TCM VII, which is the sole general partner of TCV VII (A). Mr. Hoag may be deemed to beneficially own the shares held by TCV VII (A) but disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
F5	In kind pro-rata distribution from TCV Member Fund, L.P. ("Member Fund") to its partners, without consideration.
F6	These shares are directly held by Member Fund. Jay C. Hoag is a limited partner of Member Fund and a Class A Director of Management VII. Management VII is a general partner of Member Fund. Mr. Hoag may be deemed to beneficially own the shares held by Member Fund but disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
F7	Acquisition by TCM VII pursuant to an in kind pro-rata distribution by each of TCV VII and TCV VII (A) to each of its respective partners, without consideration.
F8	These shares are directly held by TCM VII. Jay C. Hoag is a Class A Director of Management VII and a limited partner of TCM VII. Management VII is the sole general partner of TCM VII. Mr. Hoag may be deemed to beneficially own the shares held by TCM VII, but disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
F9	In kind pro-rata distribution from TCM VII to its partners, without consideration.
F10	Acquisition by The Hoag Family Trust U/A DTD 08/02/1994 pursuant to an in kind pro-rata distribution by each of TCM VII and Member Fund to each of its respective partners, without consideration.
F11	These shares are held by The Hoag Family Trust U/A DTD 08/02/1994. Jay C. Hoag is a trustee of The Hoag Family Trust U/A DTD 08/02/1994. Mr. Hoag disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
F12	Acquisition by Hamilton Investments Limited Partnership pursuant to an in kind pro-rata distribution by each of TCM VII and Member Fund to each of its respective partners, without consideration.
F13	These shares are held by Hamilton Investments Limited Partnership. Jay C. Hoag is the general partner of Hamilton Investments Limited Partnership. Mr. Hoag disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
F14	This number represents a weighted average purchase price per share. The shares were sold at prices ranging from $510.05 to $510.375 per share. The Reporting Person hereby undertakes to provide upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
F15	These shares are directly held by Orange Investor, L.P. ("Orange Investor"). Jay C. Hoag is a Class A Director of Technology Crossover Management VIII, Ltd. ("Management VIII") and a limited partner of Technology Crossover Management VIII, L.P ("TCM VIII"). Management VIII is the sole general partner of TCM VIII, which in turn is the sole general partner of TCV VIII, L.P., which in turn is the sole member of Orange Investor GP, LLC ("Orange GP"), which in turn is the sole general partner of Orange Investor. Mr. Hoag may be deemed to beneficially own the shares held by Orange Investor but disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
F16	These shares are directly held by Orange (A) Investor, L.P. ("Orange (A) Investor"). Jay C. Hoag is a Class A Director of Management VIII and a limited partner of TCM VIII. Management VIII is the sole general partner of TCM VIII, which in turn is the sole general partner of TCV VIII, L.P., which in turn is the sole member of Orange GP, which in turn is the sole general partner of Orange (A) Investor. Mr. Hoag may be deemed to beneficially own the shares held by Orange (A) Investor but disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
F17	These shares are directly held by Orange (B) Investor, L.P. ("Orange (B) Investor"). Jay C. Hoag is a Class A Director of Management VIII and a limited partner of TCM VIII. Management VIII is the sole general partner of TCM VIII, which in turn is the sole general partner of TCV VIII, L.P., which in turn is the sole member of Orange GP, which in turn is the sole general partner of Orange (B) Investor. Mr. Hoag may be deemed to beneficially own the shares held by Orange (B) Investor but disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
F18	These shares are directly held by Orange (MF) Investor, L.P. ("Orange (MF) Investor"). Jay C. Hoag is a Class A Director of Management VIII. Management VIII is the sole general partner of TCM VIII, which in turn is the sole general partner of TCV VIII, L.P., which in turn is the sole member of Orange GP, which in turn is the sole general partner of Orange (MF) Investor. Mr. Hoag may be deemed to beneficially own the shares held by Orange (MF) Investor but disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.