Jay C. Hoag - Jan 30, 2023 Form 4 Insider Report for NETFLIX INC (NFLX)

Role
Director
Signature
/s/ Frederic D. Fenton Authorized signatory for Jay C. Hoag
Stock symbol
NFLX
Transactions as of
Jan 30, 2023
Transactions value $
$350,318
Form type
4
Date filed
2/1/2023, 04:56 PM
Previous filing
Jan 4, 2023
Next filing
Feb 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NFLX Common Stock Other $0 -237K -100% $0.00* 0 Jan 30, 2023 TCV VII, L.P. F1, F2
transaction NFLX Common Stock Other $0 -123K -100% $0.00* 0 Jan 30, 2023 TCV VII (A), L.P. F3, F4
transaction NFLX Common Stock Other $0 -2.05K -100% $0.00* 0 Jan 30, 2023 TCV Member Fund, L.P. F5, F6
transaction NFLX Common Stock Other $0 +8.49K +1.84% $0.00 468K Jan 30, 2023 The Hoag Family Trust V/A DTD 08/02/1994 F7, F8
transaction NFLX Common Stock Other $0 +8.49K +5.45% $0.00 164K Jan 30, 2023 Hamilton Investments Limited Partnership F9, F10
transaction NFLX Common Stock Options Exercise $27.2K +232 $117.22 232 Jan 31, 2023 Direct F15
transaction NFLX Common Stock Options Exercise $27.2K +213 +91.81% $127.49 445 Jan 31, 2023 Direct F15
transaction NFLX Common Stock Options Exercise $27.2K +193 +43.37% $140.78 638 Jan 31, 2023 Direct F15
transaction NFLX Common Stock Options Exercise $27.2K +191 +29.94% $142.65 829 Jan 31, 2023 Direct F15
transaction NFLX Common Stock Options Exercise $27.2K +185 +22.32% $146.92 1.01K Jan 31, 2023 Direct F15
transaction NFLX Common Stock Options Exercise $27.2K +175 +17.26% $155.35 1.19K Jan 31, 2023 Direct F15
transaction NFLX Common Stock Options Exercise $27.2K +167 +14.05% $162.99 1.36K Jan 31, 2023 Direct F15
transaction NFLX Common Stock Options Exercise $27.2K +186 +13.72% $146.17 1.54K Jan 31, 2023 Direct F15
transaction NFLX Common Stock Options Exercise $27.1K +149 +9.66% $182.03 1.69K Jan 31, 2023 Direct F15
transaction NFLX Common Stock Options Exercise $27.3K +156 +9.23% $174.74 1.85K Jan 31, 2023 Direct F15
transaction NFLX Common Stock Options Exercise $27.3K +154 +8.34% $177.01 2K Jan 31, 2023 Direct F15
transaction NFLX Common Stock Options Exercise $25.5K +129 +6.45% $198.00 2.13K Jan 31, 2023 Direct F15
transaction NFLX Common Stock Options Exercise $25.6K +137 +6.43% $186.82 2.27K Jan 31, 2023 Direct F15
holding NFLX Common Stock 512K Jan 30, 2023 Orange Investor, L.P. F11
holding NFLX Common Stock 138K Jan 30, 2023 Orange (A) Investor, L.P. F12
holding NFLX Common Stock 31.8K Jan 30, 2023 Orange (B) Investor, L.P. F13
holding NFLX Common Stock 37.7K Jan 30, 2023 Orange (MF) Investor, L.P. F14

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 -232 -43.53% $0.00 301 Jan 31, 2023 Common Stock 232 $117.22 Direct F15, F16
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -213 -43.47% $0.00 277 Jan 31, 2023 Common Stock 213 $127.49 Direct F15, F16
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -193 -43.47% $0.00 251 Jan 31, 2023 Common Stock 193 $140.78 Direct F15, F16
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -191 -43.61% $0.00 247 Jan 31, 2023 Common Stock 191 $142.65 Direct F15, F16
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -185 -43.43% $0.00 241 Jan 31, 2023 Common Stock 185 $146.92 Direct F15, F16
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -175 -43.53% $0.00 227 Jan 31, 2023 Common Stock 175 $155.35 Direct F15, F16
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -167 -43.6% $0.00 216 Jan 31, 2023 Common Stock 167 $162.99 Direct F15, F16
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -186 -43.46% $0.00 242 Jan 31, 2023 Common Stock 186 $146.17 Direct F15, F16
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -149 -43.44% $0.00 194 Jan 31, 2023 Common Stock 149 $182.03 Direct F15, F16
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -156 -43.58% $0.00 202 Jan 31, 2023 Common Stock 156 $174.74 Direct F15, F16
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -154 -43.63% $0.00 199 Jan 31, 2023 Common Stock 154 $177.01 Direct F15, F16
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -129 -40.82% $0.00 187 Jan 31, 2023 Common Stock 129 $198.00 Direct F15, F16
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -137 -41.02% $0.00 197 Jan 31, 2023 Common Stock 137 $186.82 Direct F15, F16
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -109 -35.05% $0.00 202 Jan 31, 2023 Common Stock 109 $201.07 Direct F15, F16
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -83 -35.17% $0.00 153 Jan 31, 2023 Common Stock 83 $265.07 Direct F15, F16
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -75 -34.88% $0.00 140 Jan 31, 2023 Common Stock 75 $290.39 Direct F15, F16
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -78 -34.98% $0.00 145 Jan 31, 2023 Common Stock 78 $280.29 Direct F15, F16
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -70 -35.18% $0.00 129 Jan 31, 2023 Common Stock 70 $313.30 Direct F15, F16
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -65 -35.14% $0.00 120 Jan 31, 2023 Common Stock 65 $338.38 Direct F15, F16
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -69 -35.03% $0.00 128 Jan 31, 2023 Common Stock 69 $317.38 Direct F15, F16
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -76 -35.19% $0.00 140 Jan 31, 2023 Common Stock 76 $290.30 Direct F15, F16
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -82 -35.19% $0.00 151 Jan 31, 2023 Common Stock 82 $267.66 Direct F15, F16
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -65 -35.33% $0.00 119 Jan 31, 2023 Common Stock 65 $339.85 Direct F15, F16
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -65 -34.95% $0.00 121 Jan 31, 2023 Common Stock 65 $336.63 Direct F15, F16
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -68 -34.87% $0.00 127 Jan 31, 2023 Common Stock 68 $319.50 Direct F15, F16
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -76 -35.19% $0.00 140 Jan 31, 2023 Common Stock 76 $289.29 Direct F15, F16
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -81 -34.91% $0.00 151 Jan 31, 2023 Common Stock 81 $269.58 Direct F15, F16
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -76 -34.86% $0.00 142 Jan 31, 2023 Common Stock 76 $286.81 Direct F15, F16
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -71 -35.15% $0.00 131 Jan 31, 2023 Common Stock 71 $309.99 Direct F15, F16
* 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 The Hoag Family Trust V/A DTD 08/02/1994 pursuant to an in kind pro-rata distribution by each of the Member Fund and TCM VII, without consideration.
F8 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.
F9 Acquisition by Hamilton Investments Limited Partnership pursuant to an in kind pro-rata distribution by each of the Member Fund and TCM VII, without consideration.
F10 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.
F11 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.
F12 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.
F13 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.
F14 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.
F15 Jay C. Hoag has sole voting and dispositive power over the options he holds directly. However, TCV VII Management, L.L.C. has a right to 100% of the pecuniary interest in such options. Mr. Hoag is a Member of TCV VII Management, L.L.C. Mr. Hoag disclaims beneficial ownership of such options and the shares to be received upon the exercise of such options except to the extent of his pecuniary interest therein.
F16 Jay C. Hoag has sole voting and dispositive power over the remaining options he holds directly. However, TCV VIII Management, L.L.C. has a right to 100% of the pecuniary interest in such remaining options. Mr. Hoag is a Member of TCV VIII Management, L.L.C. Mr. Hoag disclaims beneficial ownership of such options and the shares to be received upon the exercise of such options except to the extent of his pecuniary interest therein.

Remarks:

This is the first part of a Form 4 filing for the Reporting Person. There are two parts to this Form 4 filing because of the constraint of a 30 transaction line maximum for tables in a Form 4.