[Form 4] NetFlix Inc Insider Trading Activity

Rhea-AI Filing Summary

Whitestone REIT (WSR) – Form 4 insider filing

On 30 June 2025, Whitestone REIT’s Vice President of Human Resources, Soklin Siv, reported two equity transactions:

• Grant (Code A): 8,780 restricted common share units were converted to common shares at $0 cost under the 2018 Long-Term Equity Incentive Plan.
• Tax withholding (Code F): 4,467 shares were automatically withheld at $12.48 to cover associated taxes.

After these transactions, Siv’s direct ownership stands at 81,181 common shares. There were no open-market purchases or sales; the disposition was solely for tax obligations. The net change is an increase of 4,313 shares, bringing the total market value of Siv’s stake to roughly US$1.0 million at the stated price. The filing is routine compensation-related activity and does not, by itself, signal a change in Whitestone REIT’s operational or financial outlook.

Insights

Securities Analyst

TL;DR: Routine equity grant; no open-market buying or selling—neutral signal for WSR investors.

The Form 4 reflects standard vesting of restricted shares and the automatic sale of a portion to satisfy tax withholding. Both actions are common for executive compensation plans and do not represent discretionary buying or selling. The net addition of 4,313 shares is immaterial relative to Whitestone REIT’s share count and therefore unlikely to influence valuation or liquidity. I view the filing as neutral with no immediate investment implications.

Corporate Governance Expert

TL;DR: Filing confirms proper Rule 10b5-1 and tax-withholding procedures—no red flags.

The disclosure shows adherence to Whitestone’s 2018 LTIP and correct use of Code F for tax withholding at the closing price. The attorney-in-fact signature indicates appropriate delegation and compliance with Section 16 reporting timelines. While insider alignment is maintained, the size of the grant is modest and routine. No governance concerns arise from 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

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).

X

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^*

HASTINGS REED

(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)
07/01/2025

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
Common Stock	07/01/2025		S		400(1)	D	$1,314.675(2)	9,667	D
Common Stock	07/01/2025		S		900(1)	D	$1,315.5933(3)	8,767	D
Common Stock	07/01/2025		S		200(1)	D	$1,316.1225(4)	8,567	D
Common Stock	07/01/2025		S		100(1)	D	$1,320.5	8,467	D
Common Stock	07/01/2025		S		500(1)	D	$1,323.178(5)	7,967	D
Common Stock	07/01/2025		S		100(1)	D	$1,324.78	7,867	D
Common Stock	07/01/2025		S		466(1)	D	$1,325.5138(6)	7,401	D
Common Stock	07/01/2025		S		100(1)	D	$1,326.24	7,301	D
Common Stock	07/01/2025		S		334(1)	D	$1,329.5471(7)	6,967	D
Common Stock	07/01/2025		S		1,000(1)	D	$1,330.445(8)	5,967	D
Common Stock	07/01/2025		S		1,000(1)	D	$1,331.308(9)	4,967	D
Common Stock	07/01/2025		S		900(1)	D	$1,332.5489(10)	4,067	D
Common Stock	07/01/2025		S		1,900(1)	D	$1,333.5695(11)	2,167	D
Common Stock	07/01/2025		S		900(1)	D	$1,334.4622(12)	1,267	D
Common Stock	07/01/2025		S		100(1)	D	$1,335.47	1,167	D
Common Stock	07/01/2025		S		473(1)	D	$1,336.5315(13)	694	D
Common Stock	07/01/2025		S		300(1)	D	$1,337.6167(14)	394	D
Common Stock								2,154,241(15)	I	by Trust

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

Explanation of Responses:

1. Transaction made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 8/8/2023.

2. This transaction was executed in multiple trades at prices ranging from $1,314.55 to $1,314.95. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

3. This transaction was executed in multiple trades at prices ranging from $1,315.54 to $1,315.60. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

4. This transaction was executed in multiple trades at prices ranging from $1,316.035 to $1,316.21. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

5. This transaction was executed in multiple trades at prices ranging from $1,323.08 to $1,323.32. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

6. This transaction was executed in multiple trades at prices ranging from $1,325.13 to $1,325.78. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

7. This transaction was executed in multiple trades at prices ranging from $1,329.08 to $1,329.60. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

8. This transaction was executed in multiple trades at prices ranging from $1,330.06 to $1,330.98. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

9. This transaction was executed in multiple trades at prices ranging from $1,331.03 to $1,331.60. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

10. This transaction was executed in multiple trades at prices ranging from $1,332.00 to $1,332.83. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

11. This transaction was executed in multiple trades at prices ranging from $1,333.05 to $1,333.93. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

12. This transaction was executed in multiple trades at prices ranging from $1,334.00 to $1,334.99. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

13. This transaction was executed in multiple trades at prices ranging from $1,336.50 to $1,336.54. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

14. This transaction was executed in multiple trades at prices ranging from $1,337.00 to $1,337.93. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

15. As Trustee of the Hastings-Quillin Family Trust

Remarks:

Due to the limitation on the number of transactions that can be reported on a single Form 4, this Form 4 is the second of two being filed by the reporting person on the date hereof.

	Veronique Bourdeau, Authorized Signatory For: Reed Hastings	07/02/2025
	** 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

How many Whitestone REIT (WSR) shares did VP Soklin Siv acquire on 30 June 2025?

8,780 common shares were acquired through the vesting of restricted share units (Code A).

Why were 4,467 Whitestone REIT shares disposed of in the same Form 4?

The shares were withheld for tax purposes (Code F) at a value of $12.48 per share, not sold on the open market.

What is Soklin Siv’s total direct ownership in WSR after the transaction?

Following the reported transactions, Siv directly owns 81,181 common shares of Whitestone REIT.

Does the Form 4 indicate open-market insider buying or selling?

No. Both transactions relate to equity compensation and tax withholding; there was no discretionary market trade.

Is this Form 4 filing considered material to Whitestone REIT investors?

Given the modest share count relative to total shares outstanding, the filing is generally viewed as not materially impactful to investors.