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NETFLIX INC — Director's Dealing 2023
Jul 29, 2023
29748_dirs_2023-07-28_00b1a306-9779-4206-bb70-736c09875db7.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: NETFLIX INC (NFLX)
CIK: 0001065280
Period of Report: 2023-07-26
Reporting Person: Hoag Jay C (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-07-26 | Common Stock | M | 301 | $117.22 | Acquired | 301 | Direct |
| 2023-07-26 | Common Stock | M | 277 | $127.49 | Acquired | 578 | Direct |
| 2023-07-26 | Common Stock | M | 251 | $140.78 | Acquired | 829 | Direct |
| 2023-07-26 | Common Stock | M | 247 | $142.65 | Acquired | 1076 | Direct |
| 2023-07-26 | Common Stock | M | 241 | $146.92 | Acquired | 1317 | Direct |
| 2023-07-26 | Common Stock | M | 227 | $155.35 | Acquired | 1544 | Direct |
| 2023-07-26 | Common Stock | M | 216 | $162.99 | Acquired | 1760 | Direct |
| 2023-07-26 | Common Stock | M | 242 | $146.17 | Acquired | 2002 | Direct |
| 2023-07-26 | Common Stock | M | 194 | $182.03 | Acquired | 2196 | Direct |
| 2023-07-26 | Common Stock | M | 202 | $174.74 | Acquired | 2398 | Direct |
| 2023-07-26 | Common Stock | M | 199 | $177.01 | Acquired | 2597 | Direct |
| 2023-07-26 | Common Stock | M | 187 | $198.00 | Acquired | 2784 | Direct |
| 2023-07-26 | Common Stock | M | 197 | $186.82 | Acquired | 2981 | Direct |
| 2023-07-26 | Common Stock | M | 202 | $201.07 | Acquired | 3183 | Direct |
| 2023-07-26 | Common Stock | M | 153 | $265.07 | Acquired | 3336 | Direct |
| 2023-07-26 | Common Stock | M | 140 | $290.39 | Acquired | 3476 | Direct |
| 2023-07-26 | Common Stock | M | 145 | $280.29 | Acquired | 3621 | Direct |
| 2023-07-26 | Common Stock | M | 129 | $313.30 | Acquired | 3750 | Direct |
| 2023-07-26 | Common Stock | M | 113 | $359.93 | Acquired | 3863 | Direct |
| 2023-07-26 | Common Stock | M | 102 | $398.18 | Acquired | 3965 | Direct |
| 2023-07-26 | Common Stock | M | 120 | $338.38 | Acquired | 4085 | Direct |
| 2023-07-26 | Common Stock | M | 111 | $363.60 | Acquired | 4196 | Direct |
| 2023-07-26 | Common Stock | M | 106 | $381.43 | Acquired | 4302 | Direct |
| 2023-07-26 | Common Stock | M | 128 | $317.38 | Acquired | 4430 | Direct |
| 2023-07-26 | Common Stock | M | 140 | $290.30 | Acquired | 4570 | Direct |
| 2023-07-26 | Common Stock | M | 151 | $267.66 | Acquired | 4721 | Direct |
| 2023-07-26 | Common Stock | M | 119 | $339.85 | Acquired | 4840 | Direct |
| 2023-07-26 | Common Stock | M | 114 | $357.32 | Acquired | 4954 | Direct |
| 2023-07-26 | Common Stock | S | 4954 | $422.24 | Disposed | 0 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-07-26 | Non-qualified Stock Option (right to buy) | $117.22 | M | 301 | Disposed | 2026-12-01 | Common Stock (301) | Direct |
| 2023-07-26 | Non-qualified Stock Option (right to buy) | $127.49 | M | 277 | Disposed | 2027-01-03 | Common Stock (277) | Direct |
| 2023-07-26 | Non-qualified Stock Option (right to buy) | $140.78 | M | 251 | Disposed | 2027-02-01 | Common Stock (251) | Direct |
| 2023-07-26 | Non-qualified Stock Option (right to buy) | $142.65 | M | 247 | Disposed | 2027-03-01 | Common Stock (247) | Direct |
| 2023-07-26 | Non-qualified Stock Option (right to buy) | $146.92 | M | 241 | Disposed | 2027-04-03 | Common Stock (241) | Direct |
| 2023-07-26 | Non-qualified Stock Option (right to buy) | $155.35 | M | 227 | Disposed | 2027-05-01 | Common Stock (227) | Direct |
| 2023-07-26 | Non-qualified Stock Option (right to buy) | $162.99 | M | 216 | Disposed | 2027-06-01 | Common Stock (216) | Direct |
| 2023-07-26 | Non-qualified Stock Option (right to buy) | $146.17 | M | 242 | Disposed | 2027-07-03 | Common Stock (242) | Direct |
| 2023-07-26 | Non-qualified Stock Option (right to buy) | $182.03 | M | 194 | Disposed | 2027-08-01 | Common Stock (194) | Direct |
| 2023-07-26 | Non-qualified Stock Option (right to buy) | $174.74 | M | 202 | Disposed | 2027-09-01 | Common Stock (202) | Direct |
| 2023-07-26 | Non-qualified Stock Option (right to buy) | $177.01 | M | 199 | Disposed | 2027-10-02 | Common Stock (199) | Direct |
| 2023-07-26 | Non-qualified Stock Option (right to buy) | $198 | M | 187 | Disposed | 2027-11-01 | Common Stock (187) | Direct |
| 2023-07-26 | Non-qualified Stock Option (right to buy) | $186.82 | M | 197 | Disposed | 2027-12-01 | Common Stock (197) | Direct |
| 2023-07-26 | Non-qualified Stock Option (right to buy) | $201.07 | M | 202 | Disposed | 2028-01-02 | Common Stock (202) | Direct |
| 2023-07-26 | Non-qualified Stock Option (right to buy) | $265.07 | M | 153 | Disposed | 2028-02-01 | Common Stock (153) | Direct |
| 2023-07-26 | Non-qualified Stock Option (right to buy) | $290.39 | M | 140 | Disposed | 2028-03-01 | Common Stock (140) | Direct |
| 2023-07-26 | Non-qualified Stock Option (right to buy) | $280.29 | M | 145 | Disposed | 2028-04-02 | Common Stock (145) | Direct |
| 2023-07-26 | Non-qualified Stock Option (right to buy) | $313.3 | M | 129 | Disposed | 2028-05-01 | Common Stock (129) | Direct |
| 2023-07-26 | Non-qualified Stock Option (right to buy) | $359.93 | M | 113 | Disposed | 2028-06-01 | Common Stock (113) | Direct |
| 2023-07-26 | Non-qualified Stock Option (right to buy) | $398.18 | M | 102 | Disposed | 2028-07-02 | Common Stock (102) | Direct |
| 2023-07-26 | Non-qualified Stock Option (right to buy) | $338.38 | M | 120 | Disposed | 2028-08-01 | Common Stock (120) | Direct |
| 2023-07-26 | Non-qualified Stock Option (right to buy) | $363.60 | M | 111 | Disposed | 2028-09-04 | Common Stock (111) | Direct |
| 2023-07-26 | Non-qualified Stock Option (right to buy) | $381.43 | M | 106 | Disposed | 2028-10-01 | Common Stock (106) | Direct |
| 2023-07-26 | Non-qualified Stock Option (right to buy) | $317.38 | M | 128 | Disposed | 2028-11-01 | Common Stock (128) | Direct |
| 2023-07-26 | Non-qualified Stock Option (right to buy) | $290.30 | M | 140 | Disposed | 2028-12-03 | Common Stock (140) | Direct |
| 2023-07-26 | Non-qualified Stock Option (right to buy) | $267.66 | M | 151 | Disposed | 2029-01-02 | Common Stock (151) | Direct |
| 2023-07-26 | Non-qualified Stock Option (right to buy) | $339.85 | M | 119 | Disposed | 2029-02-01 | Common Stock (119) | Direct |
| 2023-07-26 | Non-qualified Stock Option (right to buy) | $357.32 | M | 114 | Disposed | 2029-03-01 | Common Stock (114) | Direct |
Footnotes
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.