Netflix Form 4 Shows Routine 54-Option Grant to Director Jay Hoag

Rhea-AI Filing Summary

On 08/01/2025, Netflix Inc. (NFLX) director Jay C. Hoag filed a Form 4 disclosing the grant of 54 non-qualified stock options to purchase Netflix common stock. The options carry an exercise price of $1,158.60, are immediately exercisable on the grant date, and will expire on 08/01/2035. Transaction code “A” indicates the options were acquired rather than exercised or sold.

After the reported transaction, Hoag directly owns 54 derivative securities; no non-derivative share activity was reported. The filing reflects routine director compensation and does not signal any open-market buying or selling of Netflix shares.

Insights

Securities Analyst

TL;DR Routine option grant—54 contracts at $1,158.60 strike—immaterial to float; neutral for valuation.

The Form 4 shows a standard compensation grant to director Jay C. Hoag. With only 54 options, the potential dilution is negligible relative to Netflix’s ~443 million shares outstanding. No purchase or sale of common stock occurred, so the filing doesn’t alter the supply-demand dynamics or signal insider sentiment. Consequently, the event is best viewed as administrative housekeeping rather than a catalyst for share-price movement.

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

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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^*

Hoag Jay C

(Last) (First) (Middle)

250 MIDDLEFIELD ROAD

(Street)

MENLO PARK CA 94025

(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		54		08/01/2025	08/01/2035	Common Stock	54	$0	54	D

Explanation of Responses:

	/s/ Frederic D. Fenton Authorized Signatory for Jay C. Hoag	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

What did Netflix director Jay C. Hoag report in the latest Form 4?

He received 54 non-qualified stock options with a $1,158.60 strike price on 08/01/2025.

How many Netflix shares are underlying the new options grant?

Each option covers one share, so the grant represents 54 underlying common shares.

When do the newly granted NFLX options expire?

The options expire on 08/01/2035, providing a 10-year exercise window.

Did Jay C. Hoag buy or sell Netflix stock on the open market?

No. The filing shows only an option grant; no open-market purchases or sales were disclosed.