NETFLIX INC — Director's Dealing 2021

Nov 9, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NETFLIX INC (NFLX)
CIK: 0001065280
Period of Report: 2021-11-04

Reporting Person: Hoag Jay C (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-11-04	Common Stock	J	237380	—	Disposed	237382	Indirect
2021-11-04	Common Stock	J	123277	—	Disposed	123276	Indirect
2021-11-04	Common Stock	J	2053	—	Disposed	2052	Indirect
2021-11-04	Common Stock	J	90883	—	Acquired	90883	Indirect
2021-11-04	Common Stock	J	89908	—	Disposed	975	Indirect
2021-11-04	Common Stock	J	128087	—	Disposed	512347	Indirect
2021-11-04	Common Stock	J	34541	—	Disposed	138163	Indirect
2021-11-04	Common Stock	J	7955	—	Disposed	31822	Indirect
2021-11-04	Common Stock	J	9417	—	Disposed	37668	Indirect
2021-11-04	Common Stock	J	1706	—	Acquired	1706	Indirect
2021-11-04	Common Stock	J	1706	—	Disposed	0	Indirect
2021-11-04	Common Stock	J	10364	—	Acquired	462477	Indirect
2021-11-04	Common Stock	J	9406	—	Acquired	155838	Indirect
2021-11-05	Common Stock	M	398	$125.37	Acquired	398	Direct
2021-11-05	Common Stock	M	569	$109.96	Acquired	967	Direct
2021-11-05	Common Stock	M	664	$94.09	Acquired	1631	Direct
2021-11-05	Common Stock	M	636	$98.30	Acquired	2267	Direct
2021-11-05	Common Stock	M	591	$105.70	Acquired	2858	Direct
2021-11-05	Common Stock	M	672	$93.11	Acquired	3530	Direct
2021-11-05	Common Stock	M	615	$101.51	Acquired	4145	Direct
2021-11-05	Common Stock	M	647	$96.67	Acquired	4792	Direct
2021-11-05	Common Stock	M	662	$94.37	Acquired	5454	Direct
2021-11-05	Common Stock	M	642	$97.38	Acquired	6096	Direct
2021-11-05	Common Stock	M	609	$102.63	Acquired	6705	Direct
2021-11-05	Common Stock	M	507	$123.30	Acquired	7212	Direct
2021-11-05	Common Stock	S	712	$659.4576	Disposed	263	Indirect
2021-11-05	Common Stock	S	263	$660.3502	Disposed	0	Indirect
2021-11-05	Common Stock	S	7212	$654.5086	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-11-05	Non-Qualified Stock Option (right to buy)	$125.37	M	398	Disposed	2025-12-01	Common Stock (398)	Direct
2021-11-05	Non-Qualified Stock Option (right to buy)	$109.96	M	569	Disposed	2026-01-04	Common Stock (569)	Direct
2021-11-05	Non- Qualified Stock Option (right to buy)	$94.09	M	664	Disposed	2026-02-01	Common Stock (664)	Direct
2021-11-05	Non-Qualified Stock Option (right to buy)	$98.30	M	636	Disposed	2026-03-01	Common Stock (636)	Direct
2021-11-05	Non-Qualified Stock Option (right to buy)	$105.70	M	591	Disposed	2026-04-01	Common Stock (591)	Direct
2021-11-05	Non-Qualified Stock Option (right to buy)	$93.11	M	672	Disposed	2026-05-02	Common Stock (672)	Direct
2021-11-05	Non-Qualified Stock Option (right to buy)	$101.51	M	615	Disposed	2026-06-01	Common Stock (615)	Direct
2021-11-05	Non- Qualified Stock Option (right to buy)	$96.67	M	647	Disposed	2026-07-01	Common Stock (647)	Direct
2021-11-05	Non-Qualified Stock Option (right to buy)	$94.37	M	662	Disposed	2026-08-01	Common Stock (662)	Direct
2021-11-05	Non-Qualified Stock Option (right to buy)	$97.38	M	642	Disposed	2026-09-01	Common Stock (642)	Direct
2021-11-05	Non- Qualified Stock Option (right to buy)	$102.63	M	609	Disposed	2026-10-03	Common Stock (609)	Direct
2021-11-05	Non-Qualified Stock Option (right to buy)	$123.30	M	507	Disposed	2026-11-01	Common Stock (507)	Direct

Footnotes

F1: In kind pro-rata distribution from TCV VII, L.P. ("TCV VII") to its partners, without consideration.

F2: These shares are directly held by TCV VII. Jay C. Hoag is a Class A Director of Technology Crossover Management VII, Ltd. ("Management VII") and a limited partner of Technology Crossover Management VII, L.P. ("TCM VII"). Management VII is the sole general partner of TCM VII, which is the sole general partner of TCV VII. Mr. Hoag may be deemed to beneficially own the shares held by TCV VII but disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

F3: In kind pro-rata distribution from TCV VII (A), L.P. ("TCV VII (A)") to its partners, without consideration.

F4: These shares are directly held by TCV VII (A). Jay C. Hoag is a Class A Director of Management VII and a limited partner of TCM VII. Management VII is the sole general partner of TCM VII, which is the sole general partner of TCV VII (A). Mr. Hoag may be deemed to beneficially own the shares held by TCV VII (A) but disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

F5: In kind pro-rata distribution from TCV Member Fund, L.P. ("Member Fund") to its partners, without consideration.

F6: These shares are directly held by Member Fund. Jay C. Hoag is a limited partner of Member Fund and a Class A Director of Management VII. Management VII is a general partner of Member Fund. Mr. Hoag may be deemed to beneficially own the shares held by Member Fund but disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

F7: Acquisition by TCM VII pursuant to an in kind pro-rata distribution by each of TCV VII and TCV VII (A) to each of its respective partners, without consideration.

F8: These shares are directly held by TCM VII. Jay C. Hoag is a Class A Director of 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.

F9: In kind pro-rata distribution from TCM VII to its partners, without consideration.

F10: In kind pro-rata distribution from Orange Investor, L.P. ("Orange Investor") to its partners, without consideration.

F11: These shares are directly held by Orange Investor. Jay C. Hoag is a Class A Director of Technology Crossover Management VIII, Ltd. ("Management VIII") and a limited partner of Technology Crossover Management VIII, L.P ("TCM VIII"). Management VIII is the sole general partner of TCM VIII, which in turn is the sole general partner of TCV VIII, L.P., which in turn is the sole member of Orange Investor GP, LLC ("Orange GP"), which in turn is the sole general partner of Orange Investor. Mr. Hoag may be deemed to beneficially own the shares held by Orange Investor but disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

F12: In kind pro-rata distribution from Orange (A) Investor, L.P. ("Orange (A) Investor") to its partners, without consideration.

F13: These shares are directly held by Orange (A) Investor. Jay C. Hoag is a Class A Director of Management VIII and a limited partner of TCM VIII. Management VIII is the sole general partner of TCM VIII, which in turn is the sole general partner of TCV VIII, L.P., which in turn is the sole member of Orange GP, which in turn is the sole general partner of Orange (A) Investor. Mr. Hoag may be deemed to beneficially own the shares held by Orange (A) Investor but disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

F14: In kind pro-rata distribution from Orange (B) Investor, L.P. ("Orange (B) Investor") to its partners, without consideration.

F15: These shares are directly held by Orange (B) Investor. Jay C. Hoag is a Class A Director of Management VIII and a limited partner of TCM VIII. Management VIII is the sole general partner of TCM VIII, which in turn is the sole general partner of TCV VIII, L.P., which in turn is the sole member of Orange GP, which in turn is the sole general partner of Orange (B) Investor. Mr. Hoag may be deemed to beneficially own the shares held by Orange (B) Investor but disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

F16: In kind pro-rata distribution from Orange (MF) Investor, L.P. ("Orange (MF) Investor") to its partners, without consideration.

F17: These shares are directly held by Orange (MF) Investor. Jay C. Hoag is a Class A Director of Management VIII. Management VIII is the sole general partner of TCM VIII, which in turn is the sole general partner of TCV VIII, L.P., which in turn is the sole member of Orange GP, which in turn is the sole general partner of Orange (MF) Investor. Mr. Hoag may be deemed to beneficially own the shares held by Orange (MF) Investor but disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

F18: Acquisition by TCM VIII pursuant to an in kind pro-rata distribution by each of Orange Investor, Orange (A) Investor, and Orange (B) Investor to each of its respective partners, without consideration.

F19: These shares are directly held by TCM VIII. Jay C. Hoag is a Class A Director of Management VIII and a limited partner of TCM VIII. Management VIII is the sole general partner of TCM VIII. Mr. Hoag may be deemed to beneficially own the shares held by TCM VIII but disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

F20: In kind pro-rata distribution from TCM VIII to its partners, without consideration.

F21: Acquisition by The Hoag Family Trust U/A DTD 08/02/1994 pursuant to an in kind pro-rata distribution by each of TCM VII, TCV VIII, Member Fund, and Orange (MF) Investor to each of its respective partners, without consideration.

F22: These shares are held by The Hoag Family Trust U/A DTD 08/02/1994. Jay C. Hoag is a trustee of The Hoag Family Trust U/A DTD 08/02/1994. Mr. Hoag disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

F23: Acquisition by Hamilton Investments Limited Partnership pursuant to an in kind pro-rata distribution by each of TCM VII, TCV VIII, Member Fund, and Orange (MF) Investor to each of its respective partners, without consideration.

F24: These shares are held by Hamilton Investments Limited Partnership. Jay C. Hoag is the general partner of Hamilton Investments Limited Partnership. Mr. Hoag disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

F25: 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.

F26: Jay C. Hoag has sole voting and dispositive power over the options he holds directly. However, TCV VII Management, L.L.C. and TCV VIII Management, L.L.C. have a right to 100% of the pecuniary interest in such options. Mr. Hoag is a Member of TCV VII Management, L.L.C. and 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.

F27: This number represents a weighted average purchase price per share. The shares were sold at prices ranging from $659.22 to $659.89 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.

F28: This number represents a weighted average purchase price per share. The shares were sold at prices ranging from $660.32 to $660.39 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.

F29: This number represents a weighted average purchase price per share. The shares were sold at prices ranging from $654.45 to $654.84 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.

F30: Not applicable.