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 $
-$896,374
Form type
4
Date filed
2/1/2023, 04:58 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 +91.5K $0.00 91.5K Jan 30, 2023 Technology Crossover Management VII, L.P. F1, F2
transaction NFLX Common Stock Other $0 -91.5K -100% $0.00* 0 Jan 30, 2023 Technology Crossover Management VII, L.P. F2, F3
transaction NFLX Common Stock Options Exercise $21.9K +109 +4.81% $201.07 2.38K Jan 31, 2023 Direct F4
transaction NFLX Common Stock Options Exercise $22K +83 +3.49% $265.07 2.46K Jan 31, 2023 Direct F4
transaction NFLX Common Stock Options Exercise $21.8K +75 +3.05% $290.39 2.53K Jan 31, 2023 Direct F4
transaction NFLX Common Stock Options Exercise $21.9K +78 +3.08% $280.29 2.61K Jan 31, 2023 Direct F4
transaction NFLX Common Stock Options Exercise $21.9K +70 +2.68% $313.30 2.68K Jan 31, 2023 Direct F4
transaction NFLX Common Stock Options Exercise $22K +65 +2.42% $338.38 2.75K Jan 31, 2023 Direct F4
transaction NFLX Common Stock Options Exercise $21.9K +69 +2.51% $317.38 2.82K Jan 31, 2023 Direct F4
transaction NFLX Common Stock Options Exercise $22.1K +76 +2.7% $290.30 2.89K Jan 31, 2023 Direct F4
transaction NFLX Common Stock Options Exercise $21.9K +82 +2.84% $267.66 2.97K Jan 31, 2023 Direct F4
transaction NFLX Common Stock Options Exercise $22.1K +65 +2.19% $339.85 3.04K Jan 31, 2023 Direct F4
transaction NFLX Common Stock Options Exercise $21.9K +65 +2.14% $336.63 3.1K Jan 31, 2023 Direct F4
transaction NFLX Common Stock Options Exercise $21.7K +68 +2.19% $319.50 3.17K Jan 31, 2023 Direct F4
transaction NFLX Common Stock Options Exercise $22K +76 +2.4% $289.29 3.25K Jan 31, 2023 Direct F4
transaction NFLX Common Stock Options Exercise $21.8K +81 +2.49% $269.58 3.33K Jan 31, 2023 Direct F4
transaction NFLX Common Stock Options Exercise $21.8K +76 +2.28% $286.81 3.41K Jan 31, 2023 Direct F4
transaction NFLX Common Stock Options Exercise $22K +71 +2.09% $309.99 3.48K Jan 31, 2023 Direct F4
transaction NFLX Common Stock Options Exercise $21.8K +66 +1.9% $329.81 3.54K Jan 31, 2023 Direct F4
transaction NFLX Common Stock Options Exercise $3.99K +20 +0.56% $199.46 3.56K Jan 31, 2023 Direct F4
transaction NFLX Common Stock Options Exercise $4.05K +21 +0.59% $192.91 3.58K Jan 31, 2023 Direct F4
transaction NFLX Common Stock Options Exercise $3.96K +22 +0.61% $179.95 3.61K Jan 31, 2023 Direct F4
transaction NFLX Common Stock Options Exercise $4.07K +18 +0.5% $226.21 3.62K Jan 31, 2023 Direct F4
transaction NFLX Common Stock Options Exercise $3.91K +17 +0.47% $230.04 3.64K Jan 31, 2023 Direct F4
transaction NFLX Common Stock Options Exercise $4.06K +17 +0.47% $239.04 3.66K Jan 31, 2023 Direct F4
transaction NFLX Common Stock Options Exercise $4.01K +14 +0.38% $286.75 3.67K Jan 31, 2023 Direct F4
transaction NFLX Common Stock Options Exercise $4.12K +13 +0.35% $316.95 3.68K Jan 31, 2023 Direct F4
transaction NFLX Common Stock Options Exercise $4.13K +14 +0.38% $294.95 3.7K Jan 31, 2023 Direct F4
transaction NFLX Common Stock Sale -$1.31M -3.7K -100% $352.94 0 Jan 31, 2023 Direct F4

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 -66 -34.92% $0.00 123 Jan 31, 2023 Common Stock 66 $329.81 Direct F4, F5
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -20 -6.39% $0.00 293 Jan 31, 2023 Common Stock 20 $199.46 Direct F4, F5
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -21 -6.48% $0.00 303 Jan 31, 2023 Common Stock 21 $192.91 Direct F4, F5
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -22 -6.34% $0.00 325 Jan 31, 2023 Common Stock 22 $179.95 Direct F4, F5
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -18 -6.5% $0.00 259 Jan 31, 2023 Common Stock 18 $226.21 Direct F4, F5
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -17 -6.27% $0.00 254 Jan 31, 2023 Common Stock 17 $230.04 Direct F4, F5
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -17 -6.49% $0.00 245 Jan 31, 2023 Common Stock 17 $239.04 Direct F4, F5
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -14 -6.42% $0.00 204 Jan 31, 2023 Common Stock 14 $286.75 Direct F4, F5
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -13 -6.6% $0.00 184 Jan 31, 2023 Common Stock 13 $316.95 Direct F4, F5
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -14 -6.6% $0.00 198 Jan 31, 2023 Common Stock 14 $294.95 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Acquisition by Technology Crossover Management VII, L.P. ("TCM VII") pursuant to an in kind pro-rata distribution by each of TCV VII, L.P. and TCV VII (A), L.P. to each of its respective partners, without consideration.
F2 These shares are directly held by TCM VII. Jay C. Hoag is a Class A Director of Technology Crossover Management VII, Ltd. ("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.
F3 In kind pro-rata distribution from TCM VII to its partners, without consideration.
F4 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.
F5 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 second and final 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.