[Form 4] NetFlix Inc Insider Trading Activity

Rhea-AI Filing Summary

Ann Mather, a director of Netflix, Inc. (NFLX), reported acquiring a non-qualified stock option on 09/02/2025. The option has an exercise price of $1,214.11, is exercisable on 09/02/2025 and expires on 09/02/2035, and covers 51 shares of common stock. Following the reported transaction the filing shows 51 shares/units beneficially owned directly. The Form 4 was signed by an authorized signatory on 09/03/2025.

Positive

• Director reported acquisition of 51 options, increasing disclosed direct ownership to 51 shares
• Complete transaction details provided: dates, exercise price, exercisability and expiration

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Director Ann Mather acquired 51 non-qualified options exercisable immediately, recording direct beneficial ownership of 51 shares.

The filing documents a routine Section 16 report of option acquisition by a company director. Key facts are the 51 options acquired, the $1,214.11 exercise price, immediate exercisability date of 09/02/2025, and expiration on 09/02/2035. This is a standard disclosure showing a small, direct change in insider holdings consistent with compensation or option grant activity. The report was executed by an authorized signatory on behalf of the reporting person.

Securities Compliance Analyst

TL;DR: The Form 4 discloses an acquisition code "A" for 51 options by a director; disclosure appears complete for this transaction.

The submission includes required details: reporting person identity and address, issuer and ticker, transaction date 09/02/2025, transaction code A, option terms including exercise price $1,214.11, exercisability and expiration dates, underlying security and post-transaction beneficial ownership of 51 shares. The form is signed by an authorized signatory, satisfying signature requirements.

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^*

MATHER ANN

(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)
09/02/2025

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)	$1,214.11	09/02/2025		A		51		09/02/2025	09/02/2035	Common Stock	51	$0	51	D

Explanation of Responses:

Remarks:

	By: Veronique Bourdeau, Authorized Signatory For: Ann Mather	09/03/2025
	** 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

What did Ann Mather report on the Form 4 for NFLX?

The filing reports an acquisition of 51 non-qualified stock options with an exercise price of $1,214.11, exercisable 09/02/2025 and expiring 09/02/2035.

When was the transaction dated and when was the Form 4 signed?

The transaction date is 09/02/2025 and the Form 4 was signed by an authorized signatory on 09/03/2025.

How many shares does the reported derivative cover and what is post-transaction ownership?

The derivative covers 51 underlying common shares and the filing shows 51 shares beneficially owned following the transaction.

What transaction code is used in this Form 4 and what does it indicate?

The Form 4 uses transaction code A, indicating an acquisition of the derivative security as reported on the form.

Who filed the Form 4 on behalf of Ann Mather?

The Form 4 was filed and signed by Veronique Bourdeau, Authorized Signatory for Ann Mather.