Jay C. Hoag - Jul 26, 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
Jul 26, 2023
Transactions value $
-$1,021,264
Form type
4
Date filed
7/28/2023, 06:20 PM
Previous filing
Jul 14, 2023
Next filing
Aug 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NFLX Common Stock Options Exercise $35.3K +301 $117.22 301 Jul 26, 2023 Direct F1
transaction NFLX Common Stock Options Exercise $35.3K +277 +92.03% $127.49 578 Jul 26, 2023 Direct F1
transaction NFLX Common Stock Options Exercise $35.3K +251 +43.43% $140.78 829 Jul 26, 2023 Direct F1
transaction NFLX Common Stock Options Exercise $35.2K +247 +29.79% $142.65 1.08K Jul 26, 2023 Direct F1
transaction NFLX Common Stock Options Exercise $35.4K +241 +22.4% $146.92 1.32K Jul 26, 2023 Direct F1
transaction NFLX Common Stock Options Exercise $35.3K +227 +17.24% $155.35 1.54K Jul 26, 2023 Direct F1
transaction NFLX Common Stock Options Exercise $35.2K +216 +13.99% $162.99 1.76K Jul 26, 2023 Direct F1
transaction NFLX Common Stock Options Exercise $35.4K +242 +13.75% $146.17 2K Jul 26, 2023 Direct F1
transaction NFLX Common Stock Options Exercise $35.3K +194 +9.69% $182.03 2.2K Jul 26, 2023 Direct F1
transaction NFLX Common Stock Options Exercise $35.3K +202 +9.2% $174.74 2.4K Jul 26, 2023 Direct F1
transaction NFLX Common Stock Options Exercise $35.2K +199 +8.3% $177.01 2.6K Jul 26, 2023 Direct F1
transaction NFLX Common Stock Options Exercise $37K +187 +7.2% $198.00 2.78K Jul 26, 2023 Direct F1
transaction NFLX Common Stock Options Exercise $36.8K +197 +7.08% $186.82 2.98K Jul 26, 2023 Direct F1
transaction NFLX Common Stock Options Exercise $40.6K +202 +6.78% $201.07 3.18K Jul 26, 2023 Direct F1
transaction NFLX Common Stock Options Exercise $40.6K +153 +4.81% $265.07 3.34K Jul 26, 2023 Direct F1
transaction NFLX Common Stock Options Exercise $40.7K +140 +4.2% $290.39 3.48K Jul 26, 2023 Direct F1
transaction NFLX Common Stock Options Exercise $40.6K +145 +4.17% $280.29 3.62K Jul 26, 2023 Direct F1
transaction NFLX Common Stock Options Exercise $40.4K +129 +3.56% $313.30 3.75K Jul 26, 2023 Direct F1
transaction NFLX Common Stock Options Exercise $40.7K +113 +3.01% $359.93 3.86K Jul 26, 2023 Direct F1
transaction NFLX Common Stock Options Exercise $40.6K +102 +2.64% $398.18 3.97K Jul 26, 2023 Direct F1
transaction NFLX Common Stock Options Exercise $40.6K +120 +3.03% $338.38 4.09K Jul 26, 2023 Direct F1
transaction NFLX Common Stock Options Exercise $40.4K +111 +2.72% $363.60 4.2K Jul 26, 2023 Direct F1
transaction NFLX Common Stock Options Exercise $40.4K +106 +2.53% $381.43 4.3K Jul 26, 2023 Direct F1
transaction NFLX Common Stock Options Exercise $40.6K +128 +2.98% $317.38 4.43K Jul 26, 2023 Direct F1
transaction NFLX Common Stock Options Exercise $40.6K +140 +3.16% $290.30 4.57K Jul 26, 2023 Direct F1
transaction NFLX Common Stock Options Exercise $40.4K +151 +3.3% $267.66 4.72K Jul 26, 2023 Direct F1
transaction NFLX Common Stock Options Exercise $40.4K +119 +2.52% $339.85 4.84K Jul 26, 2023 Direct F1
transaction NFLX Common Stock Options Exercise $40.7K +114 +2.36% $357.32 4.95K Jul 26, 2023 Direct F1
transaction NFLX Common Stock Sale -$2.09M -4.95K -100% $422.24 0 Jul 26, 2023 Direct F1, F2

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 -301 -100% $0.00* 0 Jul 26, 2023 Common Stock 301 $117.22 Direct F1
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -277 -100% $0.00* 0 Jul 26, 2023 Common Stock 277 $127.49 Direct F1
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -251 -100% $0.00* 0 Jul 26, 2023 Common Stock 251 $140.78 Direct F1
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -247 -100% $0.00* 0 Jul 26, 2023 Common Stock 247 $142.65 Direct F1
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -241 -100% $0.00* 0 Jul 26, 2023 Common Stock 241 $146.92 Direct F1
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -227 -100% $0.00* 0 Jul 26, 2023 Common Stock 227 $155.35 Direct F1
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -216 -100% $0.00* 0 Jul 26, 2023 Common Stock 216 $162.99 Direct F1
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -242 -100% $0.00* 0 Jul 26, 2023 Common Stock 242 $146.17 Direct F1
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -194 -100% $0.00* 0 Jul 26, 2023 Common Stock 194 $182.03 Direct F1
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -202 -100% $0.00* 0 Jul 26, 2023 Common Stock 202 $174.74 Direct F1
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -199 -100% $0.00* 0 Jul 26, 2023 Common Stock 199 $177.01 Direct F1
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -187 -100% $0.00* 0 Jul 26, 2023 Common Stock 187 $198.00 Direct F1
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -197 -100% $0.00* 0 Jul 26, 2023 Common Stock 197 $186.82 Direct F1
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -202 -100% $0.00* 0 Jul 26, 2023 Common Stock 202 $201.07 Direct F1
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -153 -100% $0.00* 0 Jul 26, 2023 Common Stock 153 $265.07 Direct F1
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -140 -100% $0.00* 0 Jul 26, 2023 Common Stock 140 $290.39 Direct F1
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -145 -100% $0.00* 0 Jul 26, 2023 Common Stock 145 $280.29 Direct F1
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -129 -100% $0.00* 0 Jul 26, 2023 Common Stock 129 $313.30 Direct F1
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -113 -64.94% $0.00 61 Jul 26, 2023 Common Stock 113 $359.93 Direct F1, F3
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -102 -64.97% $0.00 55 Jul 26, 2023 Common Stock 102 $398.18 Direct F1, F3
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -120 -100% $0.00* 0 Jul 26, 2023 Common Stock 120 $338.38 Direct F1
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -111 -64.91% $0.00 60 Jul 26, 2023 Common Stock 111 $363.60 Direct F1, F3
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -106 -64.63% $0.00 58 Jul 26, 2023 Common Stock 106 $381.43 Direct F1, F3
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -128 -100% $0.00* 0 Jul 26, 2023 Common Stock 128 $317.38 Direct F1
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -140 -100% $0.00* 0 Jul 26, 2023 Common Stock 140 $290.30 Direct F1
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -151 -100% $0.00* 0 Jul 26, 2023 Common Stock 151 $267.66 Direct F1
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -119 -100% $0.00* 0 Jul 26, 2023 Common Stock 119 $339.85 Direct F1
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -114 -65.14% $0.00 61 Jul 26, 2023 Common Stock 114 $357.32 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Jay C. Hoag has sole voting and dispositive power over the options he holds directly. However, TCV VIII Management, L.L.C. has a right to 100% of the pecuniary interest in such 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.
F2 The price reported in column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $422.18 to $422.34 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.
F3 Jay C. Hoag has sole voting and dispositive power over the remaining options he holds directly. However, TCV VII Management, L.L.C. has a right to 100% of the pecuniary interest in such remaining 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.

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.