NFLX Form 4: Director Elinor Mertz Exercises 54-Share Option

Rhea-AI Filing Summary

Elinor Mertz, a director of Netflix, Inc. (NFLX), reported a change in beneficial ownership dated 10/01/2025. The Form 4 shows the acquisition by exercise of a Non-Qualified Stock Option of 54 shares of Common Stock. The filing lists an associated figure of $1,170.9 in the derivative security line and shows the 54 shares as directly owned following the transaction. The option exercise is exercisable on 10/01/2025 with an expiration of 10/01/2035. The form was signed on behalf of the reporting person by an authorized signatory on 10/02/2025. The document contains no additional earnings, guidance, or other corporate actions.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Mertz Elinor

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Non-Qualified Stock Option (right to buy)	54	$0.00	--

Holdings After Transaction: Non-Qualified Stock Option (right to buy) — 54 shares (Direct)

Footnotes (1)

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).

1. Name and Address of Reporting Person^*

Mertz Elinor

(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: Elinor Mertz	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 transaction did Elinor Mertz report on Form 4 for NFLX?

The Form 4 reports the exercise of a Non-Qualified Stock Option to acquire 54 shares of Netflix (NFLX) on 10/01/2025.

How many Netflix shares does Elinor Mertz beneficially own after the transaction?

The filing shows 54 shares beneficially owned following the reported transaction, held in direct ownership.

What are the exercise and expiration dates shown on the Form 4?

The option is listed as exercisable 10/01/2025 with an expiration date 10/01/2035.

What dollar figure is associated with the derivative security on the Form 4?

The derivative security line includes the figure $1,170.9 as presented in the filing.

Who signed the Form 4 and when was it signed?

The Form 4 was signed by an authorized signatory, Veronique Bourdeau, on behalf of Elinor Mertz on 10/02/2025.