NETFLIX INC — Director's Dealing 2025

Sep 4, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NETFLIX INC (NFLX)
CIK: 0001065280
Period of Report: 2025-09-02

Reporting Person: HASTINGS REED (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-09-02	Common Stock	M	25959	$109.96	Acquired	26353	Direct
2025-09-02	Common Stock	S	500	$1186.182	Disposed	25853	Direct
2025-09-02	Common Stock	S	200	$1187.725	Disposed	25653	Direct
2025-09-02	Common Stock	S	26	$1191.5866	Disposed	25627	Direct
2025-09-02	Common Stock	S	100	$1194.05	Disposed	25527	Direct
2025-09-02	Common Stock	S	1217	$1196.9395	Disposed	24310	Direct
2025-09-02	Common Stock	S	304	$1198.8031	Disposed	24006	Direct
2025-09-02	Common Stock	S	597	$1199.7794	Disposed	23409	Direct
2025-09-02	Common Stock	S	421	$1200.5539	Disposed	22988	Direct
2025-09-02	Common Stock	S	466	$1202.2349	Disposed	22522	Direct
2025-09-02	Common Stock	S	1152	$1203.5975	Disposed	21370	Direct
2025-09-02	Common Stock	S	1357	$1204.765	Disposed	20013	Direct
2025-09-02	Common Stock	S	3467	$1205.8149	Disposed	16546	Direct
2025-09-02	Common Stock	S	1102	$1206.7118	Disposed	15444	Direct
2025-09-02	Common Stock	S	2412	$1207.8462	Disposed	13032	Direct
2025-09-02	Common Stock	S	1693	$1208.6519	Disposed	11339	Direct
2025-09-02	Common Stock	S	1324	$1209.9353	Disposed	10015	Direct
2025-09-02	Common Stock	S	500	$1210.866	Disposed	9515	Direct
2025-09-02	Common Stock	S	2114	$1212.087	Disposed	7401	Direct
2025-09-02	Common Stock	S	2460	$1213.0598	Disposed	4941	Direct
2025-09-02	Common Stock	S	3259	$1214.1114	Disposed	1682	Direct
2025-09-02	Common Stock	S	1288	$1215.0079	Disposed	394	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-09-02	Non-Qualified Stock Option (right to buy)	$109.96	M	25959	Disposed	2026-01-04	Common Stock (25959)	Direct
2025-09-02	Non-Qualified Stock Option (right to buy)	$1214.11	A	52	Acquired	2035-09-02	Common Stock (52)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2154241	Indirect

Footnotes

F1: Transaction made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 8/8/2023.

F2: This transaction was executed in multiple trades at prices ranging from $1,186.18 to $1,186.19. 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 $1,187.48 to $1,187.97. 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 $1,196.11 to $1,197.02. 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 $1,198.0695 to $1,199.0332. 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 $1,199.1495 to $1,200.13. 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 $1,200.1622 to $1,200.9494. 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 $1,201.6371 to $1,202.50. 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 $1,202.96 to $1,203.95. 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 $1,204.22 to $1,205.14. 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.

F11: This transaction was executed in multiple trades at prices ranging from $1,205.22 to $1,206.20. 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.

F12: This transaction was executed in multiple trades at prices ranging from $1,206.24 to $1,206.9862. 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.

F13: This transaction was executed in multiple trades at prices ranging from $1,207.29 to $1,208.2616. 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.

F14: This transaction was executed in multiple trades at prices ranging from $1,208.29 to $1,209.15. 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.

F15: This transaction was executed in multiple trades at prices ranging from $1,209.50 to $1,210.40. 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.

F16: This transaction was executed in multiple trades at prices ranging from $1,210.57 to $1,211.37. 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.

F17: This transaction was executed in multiple trades at prices ranging from $1,211.5825 to $1,212.52. 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.

F18: This transaction was executed in multiple trades at prices ranging from $1,212.59 to $1,213.57. 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.

F19: This transaction was executed in multiple trades at prices ranging from $1,213.6948 to $1,214.6834. 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.

F20: This transaction was executed in multiple trades at prices ranging from $1,214.727 to $1,215.41. 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.

F21: As Trustee of the Hastings-Quillin Family Trust