Netflix (NASDAQ: NFLX) CLO awarded 35,272 restricted stock units

Rhea-AI Filing Summary

Netflix Chief Legal Officer David A. Hyman received a new equity award in the form of restricted stock units. On January 22, 2026, he was granted 35,272 RSUs at a price of $0 per unit, each representing the right to receive one share of Netflix common stock.

According to the award terms, one-twelfth of these RSUs will vest on a quarterly basis beginning on February 3, 2026, or the first trading day thereafter, aligning compensation with the company’s long-term performance and share price.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider HYMAN DAVID A

Role Chief Legal Officer

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	35,272	$0.00	--

Holdings After Transaction: Restricted Stock Units — 35,272 shares (Direct)

Footnotes (1)

1. Each restricted stock unit (RSU) represents a contingent right to receive one share of Netflix common stock. Subject to the terms and conditions of the underlying award agreements, 1/12th of the RSUs will 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).

Form 4 Insider Transactions: What Each Field Means →

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).

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^*

HYMAN DAVID A

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Legal Officer

3. Date of Earliest Transaction (Month/Day/Year)
01/22/2026

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
Restricted Stock Units	(1)	01/22/2026		A		35,272		(2)	(2)	Common Stock	35,272	$0	35,272	D

Explanation of Responses:

1. Each restricted stock unit (RSU) represents a contingent right to receive one share of Netflix common stock.

2. Subject to the terms and conditions of the underlying award agreements, 1/12th of the RSUs will 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: David A. Hyman	01/23/2026
	** 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 insider transaction did NFLX report for David A. Hyman?

Netflix reported that Chief Legal Officer David A. Hyman received a grant of 35,272 restricted stock units (RSUs) on January 22, 2026.

What does each RSU represent in the NFLX Form 4 filing?

Each RSU represents a contingent right to receive one share of Netflix common stock, as described in the filing footnotes.

How many Netflix RSUs does David A. Hyman hold after this transaction?

Following the reported transaction, David A. Hyman beneficially owns 35,272 RSUs directly, according to the Form 4.

When do David A. Hyman’s new Netflix RSUs start vesting?

The RSUs begin vesting on February 3, 2026, or the first trading day thereafter, with 1/12th of the units vesting on a quarterly basis.

Is this NFLX Form 4 transaction a grant or a sale of shares?

This Form 4 reports an acquisition of derivative securities, specifically a grant of RSUs, not a sale of Netflix shares.

Is the ownership of these Netflix RSUs direct or indirect?

The filing states that the 35,272 RSUs are held directly (D) by David A. Hyman.