Netflix (NFLX) CFO nets stock as RSUs vest and taxes paid in shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Netflix CFO Spencer Neumann reported routine equity compensation activity involving restricted stock units (RSUs). On May 4, 2026, RSUs converted into Netflix common stock, recorded as derivative exercises, while a portion of the resulting shares was withheld to cover tax obligations.
The filing shows exercises of RSU-derived rights into common stock coded as M transactions and related F transactions for 9,175 shares withheld at $92.06 per share to satisfy taxes. There were no open‑market purchases or sales reported, and Neumann continues to hold Netflix shares directly after these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
18,428 shares exercised/converted
Mixed
9 txns
Insider
Neumann Spencer Adam
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 8,780 | $0.00 | -- |
| Exercise | Restricted Stock Units | 4,900 | $0.00 | -- |
| Exercise | Restricted Stock Units | 4,748 | $0.00 | -- |
| Exercise | Common Stock | 8,780 | $0.00 | -- |
| Exercise | Common Stock | 4,900 | $0.00 | -- |
| Exercise | Common Stock | 4,748 | $0.00 | -- |
| Tax Withholding | Common Stock | 4,371 | $92.06 | $402K |
| Tax Withholding | Common Stock | 2,440 | $92.06 | $225K |
| Tax Withholding | Common Stock | 2,364 | $92.06 | $218K |
Holdings After Transaction:
Restricted Stock Units — 17,570 shares (Direct, null);
Common Stock — 82,567 shares (Direct, null)
Footnotes (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 105,380 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 58,700 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 56,977 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).
Key Figures
RSU exercises: 18,428 shares
Tax withholding shares: 9,175 shares
Withholding reference price: $92.06 per share
+2 more
5 metrics
RSU exercises
18,428 shares
Derivative exercises (M code) into common stock on May 4, 2026
Tax withholding shares
9,175 shares
F-code dispositions to satisfy tax obligations from RSU vesting
Withholding reference price
$92.06 per share
Transaction price used for F-code tax-withholding dispositions
Single RSU exercise block
8,780 shares
Largest individual M-code RSU conversion into common stock
Single tax-withholding block
4,371 shares
Largest individual F-code tax-withholding disposition of common stock
Key Terms
restricted stock units (RSUs), tax withholding obligations, contingent right, vest on a quarterly basis, +2 more
6 terms
restricted stock units (RSUs) financial
"Reflects restricted stock units (RSUs) that following vesting, settled in shares of Netflix common stock"
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
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"
payment of exercise price or tax liability by delivering securities financial
"transaction_code_description: Payment of exercise price or tax liability by delivering securities"
FAQ
What insider transactions did Netflix (NFLX) CFO Spencer Neumann report?
Spencer Neumann reported RSU-related transactions where restricted stock units converted into Netflix common stock and some resulting shares were withheld for taxes. These were coded as M (derivative exercise) and F (tax-withholding) transactions, reflecting routine equity compensation rather than open-market trading.
What vesting schedule applies to the Netflix (NFLX) CFO’s restricted stock units?
Footnotes state grants on January 25, 2024, January 23, 2025, and January 22, 2026 each vest in twelfths on a quarterly basis. Vesting begins the first trading day on or after February 3 of the grant year, subject to award agreement conditions.