Jay C. Hoag - 26 Jul 2023 Form 4 Insider Report for NETFLIX INC (NFLX)

Role
Director
Signature
/s/ Frederic D. Fenton, Authorized signatory for Jay C. Hoag
Issuer symbol
NFLX
Transactions as of
26 Jul 2023
Net transactions value
-$1,021,264
Form type
4
Filing time
28 Jul 2023, 18:20:27 UTC
Previous filing
14 Jul 2023
Next filing
02 Aug 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NFLX Common Stock Options Exercise $35,283 +301 $117.22 301 26 Jul 2023 Direct F1
transaction NFLX Common Stock Options Exercise $35,315 +277 +92% $127.49 578 26 Jul 2023 Direct F1
transaction NFLX Common Stock Options Exercise $35,336 +251 +43% $140.78 829 26 Jul 2023 Direct F1
transaction NFLX Common Stock Options Exercise $35,235 +247 +30% $142.65 1,076 26 Jul 2023 Direct F1
transaction NFLX Common Stock Options Exercise $35,408 +241 +22% $146.92 1,317 26 Jul 2023 Direct F1
transaction NFLX Common Stock Options Exercise $35,264 +227 +17% $155.35 1,544 26 Jul 2023 Direct F1
transaction NFLX Common Stock Options Exercise $35,206 +216 +14% $162.99 1,760 26 Jul 2023 Direct F1
transaction NFLX Common Stock Options Exercise $35,373 +242 +14% $146.17 2,002 26 Jul 2023 Direct F1
transaction NFLX Common Stock Options Exercise $35,314 +194 +9.7% $182.03 2,196 26 Jul 2023 Direct F1
transaction NFLX Common Stock Options Exercise $35,297 +202 +9.2% $174.74 2,398 26 Jul 2023 Direct F1
transaction NFLX Common Stock Options Exercise $35,225 +199 +8.3% $177.01 2,597 26 Jul 2023 Direct F1
transaction NFLX Common Stock Options Exercise $37,026 +187 +7.2% $198.00 2,784 26 Jul 2023 Direct F1
transaction NFLX Common Stock Options Exercise $36,804 +197 +7.1% $186.82 2,981 26 Jul 2023 Direct F1
transaction NFLX Common Stock Options Exercise $40,616 +202 +6.8% $201.07 3,183 26 Jul 2023 Direct F1
transaction NFLX Common Stock Options Exercise $40,556 +153 +4.8% $265.07 3,336 26 Jul 2023 Direct F1
transaction NFLX Common Stock Options Exercise $40,655 +140 +4.2% $290.39 3,476 26 Jul 2023 Direct F1
transaction NFLX Common Stock Options Exercise $40,642 +145 +4.2% $280.29 3,621 26 Jul 2023 Direct F1
transaction NFLX Common Stock Options Exercise $40,416 +129 +3.6% $313.30 3,750 26 Jul 2023 Direct F1
transaction NFLX Common Stock Options Exercise $40,672 +113 +3% $359.93 3,863 26 Jul 2023 Direct F1
transaction NFLX Common Stock Options Exercise $40,614 +102 +2.6% $398.18 3,965 26 Jul 2023 Direct F1
transaction NFLX Common Stock Options Exercise $40,606 +120 +3% $338.38 4,085 26 Jul 2023 Direct F1
transaction NFLX Common Stock Options Exercise $40,360 +111 +2.7% $363.60 4,196 26 Jul 2023 Direct F1
transaction NFLX Common Stock Options Exercise $40,432 +106 +2.5% $381.43 4,302 26 Jul 2023 Direct F1
transaction NFLX Common Stock Options Exercise $40,625 +128 +3% $317.38 4,430 26 Jul 2023 Direct F1
transaction NFLX Common Stock Options Exercise $40,642 +140 +3.2% $290.30 4,570 26 Jul 2023 Direct F1
transaction NFLX Common Stock Options Exercise $40,417 +151 +3.3% $267.66 4,721 26 Jul 2023 Direct F1
transaction NFLX Common Stock Options Exercise $40,442 +119 +2.5% $339.85 4,840 26 Jul 2023 Direct F1
transaction NFLX Common Stock Options Exercise $40,734 +114 +2.4% $357.32 4,954 26 Jul 2023 Direct F1
transaction NFLX Common Stock Sale $2,091,777 -4,954 -100% $422.24 0 26 Jul 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% $0.000000* 0 26 Jul 2023 Common Stock 301 $117.22 Direct F1
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -277 -100% $0.000000* 0 26 Jul 2023 Common Stock 277 $127.49 Direct F1
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -251 -100% $0.000000* 0 26 Jul 2023 Common Stock 251 $140.78 Direct F1
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -247 -100% $0.000000* 0 26 Jul 2023 Common Stock 247 $142.65 Direct F1
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -241 -100% $0.000000* 0 26 Jul 2023 Common Stock 241 $146.92 Direct F1
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -227 -100% $0.000000* 0 26 Jul 2023 Common Stock 227 $155.35 Direct F1
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -216 -100% $0.000000* 0 26 Jul 2023 Common Stock 216 $162.99 Direct F1
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -242 -100% $0.000000* 0 26 Jul 2023 Common Stock 242 $146.17 Direct F1
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -194 -100% $0.000000* 0 26 Jul 2023 Common Stock 194 $182.03 Direct F1
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -202 -100% $0.000000* 0 26 Jul 2023 Common Stock 202 $174.74 Direct F1
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -199 -100% $0.000000* 0 26 Jul 2023 Common Stock 199 $177.01 Direct F1
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -187 -100% $0.000000* 0 26 Jul 2023 Common Stock 187 $198.00 Direct F1
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -197 -100% $0.000000* 0 26 Jul 2023 Common Stock 197 $186.82 Direct F1
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -202 -100% $0.000000* 0 26 Jul 2023 Common Stock 202 $201.07 Direct F1
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -153 -100% $0.000000* 0 26 Jul 2023 Common Stock 153 $265.07 Direct F1
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -140 -100% $0.000000* 0 26 Jul 2023 Common Stock 140 $290.39 Direct F1
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -145 -100% $0.000000* 0 26 Jul 2023 Common Stock 145 $280.29 Direct F1
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -129 -100% $0.000000* 0 26 Jul 2023 Common Stock 129 $313.30 Direct F1
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -113 -65% $0.000000 61 26 Jul 2023 Common Stock 113 $359.93 Direct F1, F3
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -102 -65% $0.000000 55 26 Jul 2023 Common Stock 102 $398.18 Direct F1, F3
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -120 -100% $0.000000* 0 26 Jul 2023 Common Stock 120 $338.38 Direct F1
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -111 -65% $0.000000 60 26 Jul 2023 Common Stock 111 $363.60 Direct F1, F3
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -106 -65% $0.000000 58 26 Jul 2023 Common Stock 106 $381.43 Direct F1, F3
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -128 -100% $0.000000* 0 26 Jul 2023 Common Stock 128 $317.38 Direct F1
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -140 -100% $0.000000* 0 26 Jul 2023 Common Stock 140 $290.30 Direct F1
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -151 -100% $0.000000* 0 26 Jul 2023 Common Stock 151 $267.66 Direct F1
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -119 -100% $0.000000* 0 26 Jul 2023 Common Stock 119 $339.85 Direct F1
transaction NFLX Non-qualified Stock Option (right to buy) Options Exercise $0 -114 -65% $0.000000 61 26 Jul 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.