Timothy M. Haley - Jul 3, 2023 Form 4 Insider Report for NETFLIX INC (NFLX)

Role
Director
Signature
By: Reg Thompson, Authorized Signatory For: Timothy M. Haley
Stock symbol
NFLX
Transactions as of
Jul 3, 2023
Transactions value $
-$410,193
Form type
4
Date filed
7/5/2023, 09:31 PM
Previous filing
Jun 27, 2023
Next filing
Aug 2, 2023

Transactions Table

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) Award $0 +142 $0.00 142 Jul 3, 2023 Common Stock 142 $441.44 Direct
transaction NFLX Non-Qualified Stock Option (right to buy) Options Exercise $0 -1.02K -100% $0.00* 0 Jul 5, 2023 Common Stock 1.02K $48.83 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Transaction made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 2/8/2023.
F2 This transaction was executed in multiple trades at prices ranging from $450 to $450.73. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.