[Form 4] NetFlix Inc Insider Trading Activity

Rhea-AI Filing Summary

Richard N. Barton, a director of Netflix, acquired 51 non-qualified stock options on 09/02/2025. Each option has an exercise price of $1,214.11, is exercisable on 09/02/2025, and expires on 09/02/2035. The report shows 51 underlying shares and lists ownership following the transaction as 51 shares held directly. The Form 4 was signed by an authorized signatory on 09/03/2025.

Insights

Financial Analyst

TL;DR: Director received a small option grant—likely routine compensation, appears immaterial to company valuation.

The filing documents a grant of 51 non-qualified stock options to Richard N. Barton at an exercise price of $1,214.11, exercisable immediately and expiring in 2035. The size of the grant (51 options/share equivalents) is small in absolute terms for a large-cap issuer and therefore unlikely to materially affect outstanding share count or Netflix's market capitalization. This appears consistent with routine director equity compensation.

Corporate Governance Expert

TL;DR: Transaction is a standard director equity award with customary disclosure on Form 4.

The Form 4 discloses a non-derivative change via a non-qualified stock option grant to a director, with direct ownership recorded post-transaction. Documentation is complete with exercise price, dates, and signatory, meeting Section 16 reporting requirements. There are no additional governance flags such as loans, pledges, or indirect ownership noted 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^*

BARTON RICHARD N

(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: Richard N. Barton	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 Netflix director Richard N. Barton acquire on 09/02/2025 (NFLX)?

He acquired 51 non-qualified stock options with an exercise price of $1,214.11, exercisable on 09/02/2025 and expiring on 09/02/2035.

How many Netflix shares does Barton beneficially own after the reported transaction (NFLX)?

The Form 4 reports 51 shares as beneficially owned following the transaction, held directly.

What is the exercise price and term of the options reported in the Form 4 for NFLX?

The options have an exercise price of $1,214.11 and an expiration date of 09/02/2035.

When was the Form 4 for Richard N. Barton signed and filed?

The signature by an authorized signatory is dated 09/03/2025 in the filing.