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NETFLIX INC — Director's Dealing 2024
Nov 7, 2024
29748_dirs_2024-11-06_e259e41d-6ef7-4c43-88e6-1f50a9ef3f86.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: 2024-11-04
Reporting Person: SARANDOS THEODORE A (Director, Co-CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-11-04 | Common Stock | M | 2592 | — | Acquired | 5148 | Direct |
| 2024-11-04 | Common Stock | F | 1314 | $755.51 | Disposed | 3834 | Direct |
| 2024-11-05 | Common Stock | S | 1278 | $767.0456 | Disposed | 2556 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-11-04 | Restricted Stock Units | $ | M | 2592 | Disposed | Common Stock (2592) | Direct |
Footnotes
F1: Reflects restricted stock units (RSUs) that following vesting, settled in shares of Netflix common stock on a one-for-one basis.
F2: Shares withheld to satisfy tax withholding obligations arising out of the vesting of RSUs.
F3: This transaction was executed in multiple trades at prices ranging from $767.0112 to $767.1807. 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: Each RSU represents a contingent right to receive one share of Netflix common stock.
F5: On January 25, 2024, the Reporting Person was granted 31,112 RSUs. Subject to the terms and conditions of the underlying award agreement, 1/12th of the RSUs vest on a quarterly basis beginning on February 3, 2024 (or, to the extent it is not a trading day, the first trading day thereafter).