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Netflix (NFLX) Chief Accounting Officer granted 983 non-qualified options

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

Rhea-AI Filing Summary

Netflix Inc Chief Accounting Officer Jeffrey William Karbowski received a grant of 983 non-qualified stock options on Common Stock. The options have an exercise price of $74.19 per share and expire on July 1, 2036. This compensation-related award increases his directly held derivative position to 983 options tied to 983 underlying Netflix shares.

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Insider Karbowski Jeffrey William
Role Chief Accounting Officer
Type Security Shares Price Value
Grant/Award Non-Qualified Stock Option (right to buy) 983 $0.00 --
Holdings After Transaction: Non-Qualified Stock Option (right to buy) — 983 shares (Direct, null)
Footnotes (1)
Options granted 983 options Non-qualified stock option grant on July 1, 2026
Exercise price $74.19 per share Strike price for newly granted options
Underlying shares 983 shares Common Stock underlying the options
Expiration date July 1, 2036 Option term end date
Derivative holdings after grant 983 options Total derivative securities held following transaction
Non-Qualified Stock Option financial
"Non-Qualified Stock Option (right to buy)"
A non-qualified stock option (NSO) is a contract that lets an employee or service provider buy company shares at a fixed price for a set period, like a voucher to purchase stock later at today’s price. It matters to investors because exercising NSOs creates ordinary income for the holder and can increase share count, affecting a company’s earnings and ownership mix; think of it as a future sale that can dilute existing shareholders and has immediate tax consequences for the recipient.
grant/award acquisition financial
"transaction_action": "grant/award acquisition""
Chief Accounting Officer financial
"officer_title": "Chief Accounting Officer""
A chief accounting officer is a senior executive responsible for overseeing a company's financial records and ensuring all accounting practices are accurate and compliant with regulations. They play a key role in preparing financial reports that help investors understand the company's financial health, much like a trusted navigator guiding a ship through complex waters. Their work ensures transparency and trust in the company's financial information.
derivative financial
"transaction_type": "derivative""
A derivative is a financial contract whose value depends on the price or performance of another asset or measure — for example a stock, index, interest rate, commodity, or currency. Investors use derivatives like insurance or leveraged bets to hedge risk, speculate, or gain exposure without owning the underlying asset; they can protect portfolios but also amplify losses and introduce counterparty and market risk.
exercise price financial
"conversion_or_exercise_price": "74.1900""
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
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Learn about SEC filing dates
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*
Karbowski Jeffrey William

(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Accounting Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026
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
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
Non-Qualified Stock Option (right to buy)$74.1907/01/2026A98307/01/202607/01/2036Common Stock983$0983D
Explanation of Responses:
Remarks:
By: Veronique Bourdeau, Authorized Signatory For: Jeffrey Karbowski07/02/2026
** 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)

FAQ

What insider transaction did Netflix (NFLX) report for Jeffrey Karbowski?

Netflix reported that Chief Accounting Officer Jeffrey William Karbowski received a grant of 983 non-qualified stock options. These options relate to 983 shares of Netflix Common Stock as part of his compensation and are recorded as a derivative acquisition on the Form 4.

What is the strike price of Jeffrey Karbowski’s new Netflix stock options?

The new non-qualified stock options granted to Jeffrey William Karbowski have an exercise price of $74.19 per share. This is the price at which he can buy Netflix Common Stock under the option terms when exercising before the option’s expiration date.

How many Netflix shares underlie Jeffrey Karbowski’s new stock options?

The grant covers 983 underlying shares of Netflix Common Stock. Each non-qualified stock option corresponds to one share, so exercising all options at the $74.19 strike price would allow acquisition of 983 Netflix shares, subject to the option’s terms and expiration.

When do Jeffrey Karbowski’s newly granted Netflix stock options expire?

The non-qualified stock options granted to Jeffrey William Karbowski expire on July 1, 2036. He must exercise any portion of the 983 options before this expiration date, according to the award’s terms, or the right to buy the underlying shares will lapse.

Is Jeffrey Karbowski’s Netflix Form 4 transaction an open-market trade?

No, the Form 4 shows a grant of non-qualified stock options coded as a grant, award, or other acquisition. This indicates a compensation-related derivative award, not an open-market purchase or sale of Netflix Common Stock on a stock exchange.