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NETFLIX INC — Director's Dealing 2025
May 8, 2025
29748_dirs_2025-05-07_43008780-b889-4a8e-9ad3-77c1a7253e30.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: 2025-05-05
Reporting Person: SARANDOS THEODORE A (Director, Co-CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-05-05 | Common Stock | M | 2593 | — | Acquired | 17761 | Direct |
| 2025-05-05 | Common Stock | M | 1444 | — | Acquired | 19205 | Direct |
| 2025-05-05 | Common Stock | F | 1291 | $1156.49 | Disposed | 17914 | Direct |
| 2025-05-05 | Common Stock | F | 719 | $1156.49 | Disposed | 17195 | Direct |
| 2025-05-06 | Common Stock | S | 2027 | $1140.2483 | Disposed | 15168 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2025-05-05 | Restricted Stock Units | $ | M | 2593 | Disposed | Common Stock (2593) | Direct | |
| 2025-05-05 | Restricted Stock Units | $ | M | 1444 | Disposed | Common Stock (1444) | 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 $1,140.18 to $1,140.40. 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.
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).
F6: On January 23, 2025, the Reporting Person was granted 17,330 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, 2025 (or, to the extent it is not a trading day, the first trading day thereafter).