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Netflix (NFLX) co-CEO nets stock from RSU vesting as shares withheld for tax

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Netflix co-CEO Gregory K. Peters reported routine equity compensation activity tied to restricted stock units (RSUs). On May 4, 2026, RSUs vested and were settled into an aggregate of 54,388 shares of Netflix common stock through derivative exercises coded “M.”

On the same date, a total of 27,076 shares of common stock coded “F” were withheld at $92.06 per share to cover tax withholding obligations arising from the RSU vesting. These are not open-market sales but share dispositions to satisfy taxes, while the remaining vested shares increased his direct ownership position.

Positive

  • None.

Negative

  • None.
Insider Peters Gregory K
Role Co-CEO
Type Security Shares Price Value
Exercise Restricted Stock Units 25,920 $0.00 --
Exercise Restricted Stock Units 14,450 $0.00 --
Exercise Restricted Stock Units 14,018 $0.00 --
Exercise Common Stock 25,920 $0.00 --
Exercise Common Stock 14,450 $0.00 --
Exercise Common Stock 14,018 $0.00 --
Tax Withholding Common Stock 12,903 $92.06 $1.19M
Tax Withholding Common Stock 7,194 $92.06 $662K
Tax Withholding Common Stock 6,979 $92.06 $642K
Holdings After Transaction: Restricted Stock Units — 51,860 shares (Direct, null); Common Stock — 148,060 shares (Direct, null)
Footnotes (1)
  1. Reflects restricted stock units (RSUs) that following vesting, settled in shares of Netflix common stock on a one-for-one basis. Shares withheld to satisfy tax withholding obligations arising out of the vesting of RSUs. Each RSU represents a contingent right to receive one share of Netflix common stock. On January 25, 2024, the Reporting Person was granted 311,120 RSUs. Subject to the terms and conditions of the underlying award agreement, 1/12th of the RSUs vest on a quarterly basis beginning on February 3, 2024 (or, to the extent it is not a trading day, the first trading day thereafter). On January 23, 2025, the Reporting Person was granted 173,300 RSUs. Subject to the terms and conditions of the underlying award agreement, 1/12th of the RSUs vest on a quarterly basis beginning on February 3, 2025 (or, to the extent it is not a trading day, the first trading day thereafter). On January 22, 2026, the Reporting Person was granted 168,216 RSUs. Subject to the terms and conditions of the underlying award agreement, 1/12th of the RSUs vest on a quarterly basis beginning on February 3, 2026 (or, to the extent it is not a trading day, the first trading day thereafter).
RSU shares converted 54,388 shares Common stock received from RSU exercises coded “M” on May 4, 2026
Shares withheld for tax 27,076 shares Common stock withheld for tax obligations coded “F” on May 4, 2026
Withholding price per share $92.06 per share Price used for tax-withholding share dispositions on May 4, 2026
RSU grant 2024 311,120 RSUs Granted January 25, 2024; 1/12th vests quarterly beginning February 3, 2024
RSU grant 2025 173,300 RSUs Granted January 23, 2025; 1/12th vests quarterly beginning February 3, 2025
RSU grant 2026 168,216 RSUs Granted January 22, 2026; 1/12th vests quarterly beginning February 3, 2026
Restricted Stock Units financial
"Reflects restricted stock units (RSUs) that following vesting, settled in shares of Netflix common stock"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"Shares withheld to satisfy tax withholding obligations arising out of the vesting of RSUs"
contingent right financial
"Each RSU represents a contingent right to receive one share of Netflix common stock"
vest on a quarterly basis financial
"1/12th of the RSUs vest on a quarterly basis beginning on February 3, 2024"
derivative exercise/conversion financial
"transaction_action: derivative exercise/conversion for RSUs settling into common stock"
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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).
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*
Peters Gregory K
(Last)(First)(Middle)
121 ALBRIGHT WAY
(Street)
LOS GATOS CALIFORNIA 95032
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
NETFLIX INC [ NFLX ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
Co-CEO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/04/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock05/04/2026M25,920A(1)148,060D
Common Stock05/04/2026M14,450A(1)162,510D
Common Stock05/04/2026M14,018A(1)176,528D
Common Stock05/04/2026F12,903(2)D$92.06163,625D
Common Stock05/04/2026F7,194(2)D$92.06156,431D
Common Stock05/04/2026F6,979(2)D$92.06149,452D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(3)05/04/2026M25,920 (4) (4)Common Stock25,920$051,860D
Restricted Stock Units(3)05/04/2026M14,450 (5) (5)Common Stock14,450$086,650D
Restricted Stock Units(3)05/04/2026M14,018 (6) (6)Common Stock14,018$0140,180D
Explanation of Responses:
1. Reflects restricted stock units (RSUs) that following vesting, settled in shares of Netflix common stock on a one-for-one basis.
2. Shares withheld to satisfy tax withholding obligations arising out of the vesting of RSUs.
3. Each RSU represents a contingent right to receive one share of Netflix common stock.
4. On January 25, 2024, the Reporting Person was granted 311,120 RSUs. Subject to the terms and conditions of the underlying award agreement, 1/12th of the RSUs vest on a quarterly basis beginning on February 3, 2024 (or, to the extent it is not a trading day, the first trading day thereafter).
5. On January 23, 2025, the Reporting Person was granted 173,300 RSUs. Subject to the terms and conditions of the underlying award agreement, 1/12th of the RSUs vest on a quarterly basis beginning on February 3, 2025 (or, to the extent it is not a trading day, the first trading day thereafter).
6. On January 22, 2026, the Reporting Person was granted 168,216 RSUs. Subject to the terms and conditions of the underlying award agreement, 1/12th of the RSUs vest on a quarterly basis beginning on February 3, 2026 (or, to the extent it is not a trading day, the first trading day thereafter).
Remarks:
By: Veronique Bourdeau, Authorized Signatory For: Gregory K. Peters05/05/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Netflix (NFLX) co-CEO Gregory K. Peters report?

Gregory K. Peters reported RSU vesting and related share withholding. On May 4, 2026, restricted stock units converted into common shares, and a portion of those shares was automatically withheld to cover tax obligations, all reported as routine compensation-related Form 4 transactions.

Did Netflix (NFLX) co-CEO Gregory K. Peters sell shares on the open market?

The filing does not show open-market sales. Dispositions were coded “F,” indicating shares were withheld by Netflix to satisfy tax liabilities from RSU vesting rather than sold in the market, which is a standard, non-discretionary compensation mechanism for equity awards.

How many Netflix (NFLX) shares came from RSU vesting for Gregory K. Peters?

RSU vesting generated 54,388 shares of Netflix common stock through derivative exercises coded “M.” Each RSU represented a contingent right to receive one share, and these units settled one-for-one into common shares upon vesting according to the award agreements.

How many Netflix (NFLX) shares were withheld for taxes from Gregory K. Peters’ RSUs?

A total of 27,076 shares of Netflix common stock were withheld, coded “F.” These shares were withheld at a price of $92.06 per share to satisfy tax withholding obligations triggered when restricted stock units vested and settled into common shares.

What do the RSU grants mentioned in Gregory K. Peters’ Netflix (NFLX) filing represent?

The RSU grants represent equity compensation awards. Footnotes describe grants made in 2024, 2025, and 2026, each vesting quarterly in 1/12th installments beginning in early February of the grant year, with each RSU settling into one share of Netflix common stock upon vesting.

Are Gregory K. Peters’ Netflix (NFLX) RSU transactions part of an ongoing vesting schedule?

Yes. Footnotes explain that RSU grants from 2024, 2025, and 2026 vest quarterly, with 1/12th of each grant vesting beginning in early February following the grant date, indicating an ongoing, scheduled vesting pattern typical for executive equity compensation.