NETFLIX INC — Director's Dealing 2025

May 8, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NETFLIX INC (NFLX)
CIK: 0001065280
Period of Report: 2025-05-05

Reporting Person: Willems Cletus R (Chief Global Affairs Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-05-05	Common Stock	M	315	—	Acquired	315	Direct
2025-05-05	Common Stock	M	146	—	Acquired	461	Direct
2025-05-05	Common Stock	F	106	$1156.49	Disposed	355	Direct
2025-05-05	Common Stock	F	57	$1156.49	Disposed	298	Direct
2025-05-07	Common Stock	S	298	$1138	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-05-05	Restricted Stock Units	$	M	315	Disposed		Common Stock (315)	Direct
2025-05-05	Restricted Stock Units	$	M	146	Disposed		Common Stock (146)	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: Each restricted stock unit (RSU) represents a contingent right to receive one share of Netflix common stock.

F4: On April 28, 2025, the Reporting Person was granted 3,791 RSUs. Subject to the terms and conditions of the underlying award agreements, 1/12th of the RSUs will vest on a quarterly basis beginning on May 3, 2025 (or, to the extent it is not a trading day, the first trading day thereafter).

F5: On April 28, 2025, the Reporting Person was granted 1,611 RSUs. Subject to the terms and conditions of the underlying award agreements, 1/11th of the RSUs will vest on a quarterly basis beginning on May 3, 2025 (or, to the extent it is not a trading day, the first
trading day thereafter).