[Form 4] NetFlix Inc Insider Trading Activity

Rhea-AI Filing Summary

Anne M. Sweeney, a Netflix director, acquired 51 shares of Netflix common stock through a non-qualified stock option exercise on 09/02/2025. The option had an exercise price of $1,214.11 and remains exercisable through 09/02/2035. Following the transaction she directly beneficially owns 51 shares. The Form 4 was signed by an authorized signatory on behalf of the reporting person.

Positive

• Option exercise was reported promptly, demonstrating compliance with Section 16 reporting obligations
• Acquisition resulted in direct beneficial ownership, aligning a director's interests with shareholders

Negative

• None.

Insights

Financial Analyst

TL;DR: Insider exercised options for 51 shares, a routine and small direct holding that signals limited incremental insider ownership.

The reporting shows a non‑qualified stock option exercise resulting in acquisition of 51 common shares at an exercise price of $1,214.11. The position is direct and small in absolute terms; there is no disclosure of broader purchases or sales. This is a routine equity compensation event rather than a material change to ownership or control.

Corporate Governance Expert

TL;DR: Routine option exercise by a director; compliance appears standard with Section 16 reporting.

The Form 4 documents an acquisition pursuant to a non‑qualified stock option exercise by a director, correctly reported on a standalone Form 4. The exercise and resulting direct ownership of 51 shares are disclosed with exercisability and expiration dates. There are no indications of related party transactions or changes to board composition in this filing.

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

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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^*

Sweeney Anne M

(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: Anne M. Sweeney	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 transaction did Anne M. Sweeney report on the Form 4 for NFLX?

The Form 4 reports an acquisition of 51 shares of Netflix common stock via exercise of a non‑qualified stock option.

What was the exercise price and exercisability for the options reported?

The derivative had a conversion/exercise price of $1,214.11, was exercisable on 09/02/2025, and expires on 09/02/2035.

How many Netflix shares does the reporting person own after the transaction?

Following the reported transaction the reporting person beneficially owns 51 shares directly.

Is this Form 4 indicative of a material change in ownership of NFLX?

No. The filing shows a small, routine option exercise and does not indicate a material change in ownership or control.

Who signed the Form 4 on behalf of the reporting person?

The Form 4 was signed by Veronique Bourdeau, Authorized Signatory for Anne M. Sweeney.