Spencer Adam Neumann - 02 Sep 2025 Form 4 Insider Report for NETFLIX INC (NFLX)

Role: Chief Financial Officer
Signature: By: Veronique Bourdeau, Authorized Signatory For: Spencer Neumann
Issuer symbol: NFLX
Transactions as of: 02 Sep 2025
Net transactions value: -$2,393,707
Form type: 4
Filing time: 03 Sep 2025, 20:42:25 UTC
Previous filing: 06 Aug 2025
Next filing: 02 Oct 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Neumann Spencer Adam	Chief Financial Officer	121 ALBRIGHT WAY, LOS GATOS	By: Veronique Bourdeau, Authorized Signatory For: Spencer Neumann	03 Sep 2025	0001543133

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NFLX	Common Stock	Options Exercise	$87,944	+304	+8.2%	$289.29	3,995	02 Sep 2025	Direct	F1
transaction	NFLX	Common Stock	Options Exercise	$658,516	+2,296	+57%	$286.81	6,291	02 Sep 2025	Direct	F1
transaction	NFLX	Common Stock	Sale	$118,804	-100	-1.6%	$1188.04	6,191	02 Sep 2025	Direct	F1
transaction	NFLX	Common Stock	Sale	$119,706	-100	-1.6%	$1197.06	6,091	02 Sep 2025	Direct	F1
transaction	NFLX	Common Stock	Sale	$240,116	-200	-3.3%	$1200.58	5,891	02 Sep 2025	Direct	F1, F2
transaction	NFLX	Common Stock	Sale	$240,802	-200	-3.4%	$1204.01	5,691	02 Sep 2025	Direct	F1, F3
transaction	NFLX	Common Stock	Sale	$361,607	-300	-5.3%	$1205.36	5,391	02 Sep 2025	Direct	F1, F4
transaction	NFLX	Common Stock	Sale	$361,872	-300	-5.6%	$1206.24	5,091	02 Sep 2025	Direct	F1, F5
transaction	NFLX	Common Stock	Sale	$241,768	-200	-3.9%	$1208.84	4,891	02 Sep 2025	Direct	F1, F6
transaction	NFLX	Common Stock	Sale	$242,086	-200	-4.1%	$1210.43	4,691	02 Sep 2025	Direct	F1, F7
transaction	NFLX	Common Stock	Sale	$242,292	-200	-4.3%	$1211.46	4,491	02 Sep 2025	Direct	F1, F8
transaction	NFLX	Common Stock	Sale	$242,534	-200	-4.5%	$1212.67	4,291	02 Sep 2025	Direct	F1, F9
transaction	NFLX	Common Stock	Sale	$607,085	-500	-12%	$1214.17	3,791	02 Sep 2025	Direct	F1, F10
transaction	NFLX	Common Stock	Sale	$121,495	-100	-2.6%	$1214.95	3,691	02 Sep 2025	Direct	F1

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	-304	-100%	$0.000000	0	02 Sep 2025	Common Stock	304	$289.29	Direct	F1
transaction	NFLX	Non-Qualified Stock Option (right to buy)	Options Exercise	$0	-2,296	-63%	$0.000000	1,336	02 Sep 2025	Common Stock	2,296	$286.81	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 10/29/2024.
F2	This transaction was executed in multiple trades at prices ranging from $1,200.42 to $1,200.74. 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.
F3	This transaction was executed in multiple trades at prices ranging from $1,203.85 to $1,204.17. 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.
F4	This transaction was executed in multiple trades at prices ranging from $1,204.94 to $1,205.92. 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.
F5	This transaction was executed in multiple trades at prices ranging from $1,206.06 to $1,206.41. 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.
F6	This transaction was executed in multiple trades at prices ranging from $1,208.77 to $1,208.91. 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.
F7	This transaction was executed in multiple trades at prices ranging from $1,209.96 to $1,210.90. 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.
F8	This transaction was executed in multiple trades at prices ranging from $1,211.05 to $1,211.87. 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.
F9	This transaction was executed in multiple trades at prices ranging from $1,212.49 to $1,212.85. 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.
F10	This transaction was executed in multiple trades at prices ranging from $1,213.70 to $1,214.56. 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.