Netflix CFO Spencer Adam Neumann sells 9,253 shares

Netflix (NFLX) Chief Financial Officer Spencer Adam Neumann reported selling 9,253 shares on November 4, 2026, at $66.1525 per share.

Available on EDGAR 11/05/2026 - 08:26 PM EST Accepted by SEC EDGAR 11/05/2026 - 08:23 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Netflix (NFLX) Chief Financial Officer Spencer Adam Neumann reported selling 9,253 shares on November 4, 2026, at $66.1525 per share. On November 3, 2026, 18,428 restricted stock units vested and settled one-for-one into common shares. A total of 9,175 shares were withheld to satisfy tax withholding obligations, at $62.3400 per share.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 10 txns

Insider Neumann Spencer Adam

Role Chief Financial Officer

Sold 9,253 shs ($612K)

Approx. gross sale proceeds $612K

Type	Security	Shares	Price	Value
Sale	Common Stock	9,253	$66.1525	$612K
Exercise	Restricted Stock Units F3, F4	8,790	$0.00	$0.00
Exercise	Restricted Stock Units F3, F5	4,890	$0.00	$0.00
Exercise	Restricted Stock Units F3, F6	4,748	$0.00	$0.00
Exercise	Common Stock F1	8,790	--	--
Exercise	Common Stock F1	4,890	--	--
Exercise	Common Stock F1	4,748	--	--
Tax Withholding	Common Stock F2	4,376	$62.34	$273K
Tax Withholding	Common Stock F2	2,435	$62.34	$152K
Tax Withholding	Common Stock F2	2,364	$62.34	$147K

Holdings After Transaction: Restricted Stock Units — 57,555 contracts (Direct); Common Stock — 73,787 shares (Direct)

Footnotes (6)

1. F1. Reflects restricted stock units (RSUs) that following vesting, settled in shares of Netflix common stock on a one-for-one basis.
2. F2. Shares withheld to satisfy tax withholding obligations arising out of the vesting of RSUs.
3. F3. Each RSU represents a contingent right to receive one share of Netflix common stock.
4. F4. 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).
5. F5. 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).
6. F6. 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

Shares sold: 9,253 shares Sale price: $66.1525 per share RSUs vested and settled: 18,428 RSUs +2 more

5 metrics

Shares sold 9,253 shares November 4, 2026

Sale price $66.1525 per share November 4, 2026 sale

RSUs vested and settled 18,428 RSUs November 3, 2026

Shares withheld for taxes 9,175 shares November 3, 2026 RSU vesting

Tax withholding price $62.3400 per share November 3, 2026

Key Terms

Restricted Stock Units, one-for-one basis, tax withholding obligations, quarterly basis

4 terms

Restricted Stock Units financial

"restricted stock units (RSUs) that following vesting"

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.

one-for-one basis technical

"settled in shares of Netflix common stock on a one-for-one basis"

tax withholding obligations financial

"satisfy tax withholding obligations arising out of the vesting of RSUs"

quarterly basis financial

"1/12th of the RSUs vest on a quarterly basis"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many NFLX shares did the CFO sell, and at what price?

Netflix Chief Financial Officer Spencer Adam Neumann reported selling 9,253 shares on November 4, 2026, at $66.1525 per share. The sale was not reported as made under a Rule 10b5-1 plan.

How many NFLX RSUs vested, and how many shares were withheld?

On November 3, 2026, 18,428 RSUs vested and settled one-for-one into common stock, while 9,175 shares were withheld to satisfy tax withholding obligations at $62.3400 per share.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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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^*

Neumann Spencer Adam

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
11/03/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	11/03/2026		M		8,790	A	(1)	82,577	D
Common Stock	11/03/2026		M		4,890	A	(1)	87,467	D
Common Stock	11/03/2026		M		4,748	A	(1)	92,215	D
Common Stock	11/03/2026		F		4,376(2)	D	$62.34	87,839	D
Common Stock	11/03/2026		F		2,435(2)	D	$62.34	85,404	D
Common Stock	11/03/2026		F		2,364(2)	D	$62.34	83,040	D
Common Stock	11/04/2026		S		9,253	D	$66.1525	73,787	D

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	(3)	11/03/2026		M			8,790	(4)	(4)	Common Stock	8,790	$0	0	D
Restricted Stock Units	(3)	11/03/2026		M			4,890	(5)	(5)	Common Stock	4,890	$0	19,570	D
Restricted Stock Units	(3)	11/03/2026		M			4,748	(6)	(6)	Common Stock	4,748	$0	37,985	D

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 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).

5. 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).

6. 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).

Remarks:

	By: Veronique Bourdeau, Authorized Signatory For: Spencer Neumann	11/05/2026
	** 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.
* Form 4: SEC 1474 (03-26)