NETFLIX INC — Director's Dealing 2021

Aug 13, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NETFLIX INC (NFLX)
CIK: 0001065280
Period of Report: 2021-08-11

Reporting Person: Hoag Jay C (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-08-11	Common Stock	M	1498	$33.3243	Acquired	1498	Direct
2021-08-11	Common Stock	M	3094	$16.1786	Acquired	4592	Direct
2021-08-11	Common Stock	M	4368	$11.4414	Acquired	8960	Direct
2021-08-11	Common Stock	S	100	$509.8626	Disposed	8860	Direct
2021-08-11	Common Stock	S	400	$510.7556	Disposed	8460	Direct
2021-08-11	Common Stock	S	1900	$511.607	Disposed	6560	Direct
2021-08-11	Common Stock	S	2736	$512.362	Disposed	3824	Direct
2021-08-11	Common Stock	S	200	$513.395	Disposed	3624	Direct
2021-08-11	Common Stock	S	1300	$514.5958	Disposed	2324	Direct
2021-08-11	Common Stock	S	1300	$515.3062	Disposed	1024	Direct
2021-08-11	Common Stock	S	524	$516.3708	Disposed	500	Direct
2021-08-11	Common Stock	S	400	$517.3425	Disposed	100	Direct
2021-08-11	Common Stock	S	100	$519.14	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-08-11	Non-
Qualified
Stock Option
(right to buy)	$33.3243	M	1498	Disposed	2021-09-01	Common Stock (1498)	Direct
2021-08-11	Non-
Qualified
Stock Option
(right to buy)	$16.1786	M	3094	Disposed	2021-10-03	Common Stock (3094)	Direct
2021-08-11	Non-
Qualified
Stock Option
(right to buy)	$11.4414	M	4368	Disposed	2021-11-01	Common Stock (4368)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	474762	Indirect
Common Stock	246553	Indirect
Common Stock	4105	Indirect
Common Stock	487514	Indirect
Common Stock	146432	Indirect
Common Stock	640434	Indirect
Common Stock	172704	Indirect
Common Stock	39777	Indirect
Common Stock	47085	Indirect

Footnotes

F1: Transaction made pursuant to duly adopted trading plan under Rule 10b5-1(c).

F2: This number represents a weighted average purchase price per share. The shares were sold at prices ranging from $509.85 to $509.87 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: This number represents a weighted average purchase price per share. The shares were sold at prices ranging from $510.53 to $510.85 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.

F4: This number represents a weighted average purchase price per share. The shares were sold at prices ranging from $511.11 to $511.99 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.

F5: This number represents a weighted average purchase price per share. The shares were sold at prices ranging from $512.03 to $512.98 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.

F6: This number represents a weighted average purchase price per share. The shares were sold at prices ranging from $513.26 to $513.53 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.

F7: This number represents a weighted average purchase price per share. The shares were sold at prices ranging from $514.06 to $514.9525 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.

F8: This number represents a weighted average purchase price per share. The shares were sold at prices ranging from $515.06 to $515.97 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.

F9: This number represents a weighted average purchase price per share. The shares were sold at prices ranging from $516.2050 to $516.73 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.

F10: This number represents a weighted average purchase price per share. The shares were sold at prices ranging from $517.00 to $517.67 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.

F11: These shares are directly held by TCV VII, L.P. ("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.

F12: These shares are directly held by TCV VII (A), L.P. ("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.

F13: These shares are directly held by TCV Member Fund L.P. ("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.

F14: 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.

F15: 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.

F16: These shares are directly held by Orange Investor, L.P. ("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.

F17: These shares are directly held by Orange (A) Investor, L.P. ("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.

F18: These shares are directly held by Orange (B) Investor, L.P. ("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.

F19: These shares are directly held by Orange (MF) Investor, L.P. ("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.