Netflix legal chief corrects 150,000-share disclosure

Subject to the award agreements, one-twelfth of each RSU grant vests quarterly beginning on its specified start date.

Available on EDGAR 11/05/2026 - 08:24 PM EST Accepted by SEC EDGAR 11/05/2026 - 08:22 PM EST Learn about SEC filing dates

This filing corrects an earlier one, and you can read the original Form 4 if you want to see what changed.

Rhea-AI Filing Summary

Netflix Inc. (NFLX) is the issuer in an amended ownership report by Chief Legal Officer David A. Hyman, correcting an omission of 150,000 indirectly beneficially owned common shares held through a grantor retained annuity trust (GRAT) and clarifying restricted stock unit (RSU) vesting details. The shares had previously been reported as directly owned; Hyman is the GRAT’s trustee and sole annuitant.

On November 3, 2026, Hyman reported three RSU exercise/conversion entries marked as dispositions: 5,440, 3,030 and 2,939 RSUs, each corresponding to an equal number of common shares. The three entries total 11,409 RSUs.

Insider Trade Summary

11,409 shares exercised/converted

Exercise 3 txns

Insider HYMAN DAVID A

Role Chief Legal Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units F2, F3	5,440	$0.00	$0.00
Exercise	Restricted Stock Units F2, F4	3,030	$0.00	$0.00
Exercise	Restricted Stock Units F2, F5	2,939	$0.00	$0.00
Holding	Common Stock F1	--	--	--

Holdings After Transaction: Restricted Stock Units — 35,635 contracts (Direct); Common Stock — 150,000 shares (Indirect, By GRAT)

Footnotes (5)

1. F1. Represents shares previously reported as directly owned by the reporting person which were transferred to a grantor retained annuity trust (GRAT). The reporting person is the trustee and sole annuitant of the GRAT, and the transfer was exempt from Section 16 pursuant to Rule 16a-13 under the Exchange Act.
2. F2. Each restricted stock unit (RSU) represents a contingent right to receive one share of Netflix common stock.
3. F3. On January 25, 2024, the Reporting Person was granted 65,240 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).
4. F4. On January 23, 2025, the Reporting Person was granted 36,340 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).
5. F5. On January 22, 2026, the Reporting Person was granted 35,272 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, 2026 (or, to the extent it is not a trading day, the first trading day thereafter).

Key Figures

Common shares indirectly beneficially owned through GRAT: 150,000 shares RSU transaction shares: 11,409 RSUs RSUs in first reported entry: 5,440 RSUs +2 more

5 metrics

Common shares indirectly beneficially owned through GRAT 150,000 shares Ownership omitted from the original report; Hyman is trustee and sole annuitant

RSU transaction shares 11,409 RSUs Three reported entries dated November 3, 2026

RSUs in first reported entry 5,440 RSUs November 3, 2026

RSUs in second reported entry 3,030 RSUs November 3, 2026

RSUs in third reported entry 2,939 RSUs November 3, 2026

Key Terms

restricted stock unit (RSU), grantor retained annuity trust (GRAT), Rule 16a-13

3 terms

restricted stock unit (RSU) financial

"Each restricted stock unit (RSU) represents a contingent right"

A restricted stock unit (RSU) is a promise from a company to give an employee company shares (or cash equal to their value) at a future date if certain conditions are met, such as staying with the company or hitting performance targets. For investors, RSUs matter because when they convert into actual shares they increase the number of shares available and can create selling pressure as employees cash out—think of them as a future paycheck paid in company stock.

grantor retained annuity trust (GRAT) financial

"transferred to a grantor retained annuity trust (GRAT)"

Rule 16a-13 regulatory

"exempt from Section 16 pursuant to Rule 16a-13"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many RSUs did Netflix (NFLX) Chief Legal Officer David A. Hyman report on November 3, 2026?

He reported three entries totaling 11,409 RSUs: 5,440, 3,030 and 2,939 RSUs, each corresponding to an equal number of common shares.

How do David A. Hyman’s Netflix RSU grants vest?

The reported grants were 65,240 RSUs on January 25, 2024, 36,340 on January 23, 2025, and 35,272 on January 22, 2026. Subject to their award terms, one-twelfth vests quarterly beginning February 3 of the respective year, or the first trading day thereafter if February 3 is not a trading day.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

HYMAN DAVID A

(Last) (First) (Middle)

121 ALBRIGHT WAY

(Street)

LOS GATOS CALIFORNIA 95032

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
NETFLIX INC [ NFLX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Legal Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
11/03/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)
11/04/2026

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock								150,000(1)	I	By GRAT

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(2)	11/03/2026		M			5,440	(3)	(3)	Common Stock	5,440	$0	0	D
Restricted Stock Units	(2)	11/03/2026		M			3,030	(4)	(4)	Common Stock	3,030	$0	12,120	D
Restricted Stock Units	(2)	11/03/2026		M			2,939	(5)	(5)	Common Stock	2,939	$0	23,515	D

Explanation of Responses:

1. Represents shares previously reported as directly owned by the reporting person which were transferred to a grantor retained annuity trust (GRAT). The reporting person is the trustee and sole annuitant of the GRAT, and the transfer was exempt from Section 16 pursuant to Rule 16a-13 under the Exchange Act.

2. Each restricted stock unit (RSU) represents a contingent right to receive one share of Netflix common stock.

3. On January 25, 2024, the Reporting Person was granted 65,240 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).

4. On January 23, 2025, the Reporting Person was granted 36,340 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).

5. On January 22, 2026, the Reporting Person was granted 35,272 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, 2026 (or, to the extent it is not a trading day, the first trading day thereafter).

Remarks:

This Form 4 amendment is being filed to correct (i) the inadvertent omission in the original report of 150,000 shares of Netflix common stock indirectly beneficially owned by the Reporting Person through a GRAT and (ii) certain details in the original report relating to the vesting of RSUs.

	By: Veronique Bourdeau, Authorized Signatory For: David A. Hyman	11/05/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)