Netflix (NFLX) Director files Form 4 for 55 stock options

Rhea-AI Filing Summary

Report: Susan E. Rice, identified as a Director, filed a Form 4 reporting a transaction in Netflix, Inc. (NFLX) dated 08/01/2025.

Transaction: Acquisition of 55 Non‑Qualified Stock Options exercisable 08/01/2025 and expiring 08/01/2035 with an exercise price of $1,158.6, resulting in 55 derivative securities owned. The form was signed on 08/04/2025.

Insights

Corporate Governance Expert

TL;DR: Routine insider option grant/exercise filing by a director; small share count relative to issuer size, compliant disclosure.

This Form 4 shows a director-level transaction that appears administrative and routine: a 55-option position in NFLX with standard exercisability and a 10-year term to expiration. The filing was timely and manually signed by an authorized signatory on 08/04/2025. No indications of director departure, policy change, or material governance action are present in the document.

Securities Analyst

TL;DR: Minor derivative position disclosed; transaction size is immaterial to Netflix’s market capitalization.

The reported transaction is an acquisition of 55 Non‑Qualified Stock Options with an exercise price of $1,158.6, exercisable immediately on 08/01/2025 and expiring 08/01/2035. The disclosure provides necessary specifics for compliance but contains no financial performance metrics or material change to ownership concentration.

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
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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^*

RICE SUSAN E

(Last) (First) (Middle)

121 ALBRIGHT WAY

(Street)

LOS GATOS CA 95032

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
08/01/2025

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

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

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

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

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
Non-Qualified Stock Option (right to buy)	$1,158.6	08/01/2025		A		55		08/01/2025	08/01/2035	Common Stock	55	$0	55	D

Explanation of Responses:

Remarks:

	By: Veronique Bourdeau, Authorized Signatory For: Susan E. Rice	08/04/2025
	** 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.

FAQ

Who filed the Form 4 for NFLX?

The Form 4 was filed by Susan E. Rice, listed as a Director of Netflix, Inc.

What transaction is reported on the NFLX Form 4 dated 08/01/2025?

The report shows acquisition of 55 Non‑Qualified Stock Options (right to buy) on 08/01/2025.

What is the exercise price and term of the options reported for NFLX?

The options have an exercise price of $1,158.6, are exercisable 08/01/2025, and expire 08/01/2035.

How many derivative securities did Susan E. Rice beneficially own after the transaction?

Following the reported transaction, the filing shows 55 derivative securities beneficially owned.

When was the Form 4 signed and submitted?

The Form 4 was signed by an authorized signatory on behalf of Susan E. Rice on 08/04/2025.