[Form 4] NETFLIX INC Insider Trading Activity

Rhea-AI Filing Summary

Ann Mather, a Director of Netflix, Inc. (NFLX), reported exercising a Non-Qualified Stock Option on 10/01/2025 that resulted in acquisition of 54 shares of common stock. The form shows the transaction was an acquisition (Code A), the option became exercisable on 10/01/2025 and expires on 10/01/2035. The filing lists a figure of $1,170.9 associated with the derivative security and reports 54 shares owned following the transaction, held directly. The Form 4 was signed by an authorized signatory on behalf of Ms. Mather on 10/02/2025.

Insights

Corporate Governance Analyst

Routine director option exercise: 54 shares acquired, direct ownership reported.

The filing documents a standard exercise of a Non-Qualified Stock Option by Director Ann Mather on 10/01/2025, converting the option into 54 shares of Netflix common stock. The option shows an associated figure of $1,170.9 and an expiration date of 10/01/2035.

This is a disclosure of insider activity required by Section 16 and is typically considered a routine governance event rather than a material corporate development. It updates Ms. Mather's direct beneficial ownership to 54 shares following the transaction.

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).

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)
10/01/2025

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)	$1,170.9	10/01/2025		A		54		10/01/2025	10/01/2035	Common Stock	54	$0	54	D

Explanation of Responses:

Remarks:

	By: Veronique Bourdeau, Authorized Signatory For: Ann Mather	10/02/2025
	** 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

What did Ann Mather report for Netflix (NFLX)?

Ann Mather reported exercising a Non-Qualified Stock Option on 10/01/2025, acquiring 54 shares of Netflix common stock.

How many shares does Ann Mather own after the transaction?

The Form 4 reports 54 shares beneficially owned following the reported transaction.

What are the key dates in the Form 4 filing for NFLX?

The exercise and transaction date is 10/01/2025, the option expiry is 10/01/2035, and the form was signed on 10/02/2025.

Was the transaction reported as direct or indirect ownership?

The filing indicates direct (D) ownership for the 54 shares acquired.

What type of security was exercised by the director?

A Non-Qualified Stock Option (right to buy) was exercised to acquire the shares.