Netflix (NFLX) director Jay Hoag receives grant of 728 stock options

Rhea-AI Filing Summary

NETFLIX INC director Jay C. Hoag received a grant of 728 non-qualified stock options on June 1, 2026. These options allow him to buy up to 728 shares of Netflix common stock at an exercise price of $85.85 per share until June 1, 2036. This is a compensation-related award, not an open-market purchase or sale, and after the grant he holds 728 derivative option shares directly from this award.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Hoag Jay C

Role null

Type	Security	Shares	Price	Value
Grant/Award	Non-Qualified Stock Option (right to buy)	728	$0.00	--

Holdings After Transaction: Non-Qualified Stock Option (right to buy) — 728 shares (Direct, null)

Footnotes (1)

Key Figures

Options granted: 728 options Exercise price: $85.85 per share Expiration date: June 1, 2036 +1 more

4 metrics

Options granted 728 options Non-qualified stock option grant to director on June 1, 2026

Exercise price $85.85 per share Exercise price for 728 non-qualified stock options

Expiration date June 1, 2036 Option expiration for director’s non-qualified stock options

Derivative shares after grant 728 shares Total underlying common shares following the reported option grant

Key Terms

Non-Qualified Stock Option, exercise price, Grant, award, or other acquisition

3 terms

Non-Qualified Stock Option financial

"security_title: 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.

exercise price financial

"conversion_or_exercise_price: 85.8500"

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.

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

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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^*

Hoag Jay C

(Last) (First) (Middle)

250 MIDDLEFIELD ROAD

(Street)

MENLO PARK CALIFORNIA 94025

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026

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

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)	$85.85	06/01/2026		A		728		06/01/2026	06/01/2036	Common Stock	728	$0	728	D

Explanation of Responses:

	/s/ Frederic D. Fenton Authorized Signatory for Jay C. Hoag	06/02/2026
	** 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)

FAQ

What insider transaction did NFLX director Jay C. Hoag report?

Jay C. Hoag reported receiving a grant of 728 non-qualified stock options. The award is a compensation-related acquisition rather than an open-market trade, giving him rights to buy Netflix common shares at a fixed price.

How many Netflix options did Jay C. Hoag acquire in this Form 4?

He acquired 728 non-qualified stock options. Each option relates to one share of Netflix common stock, providing a right to purchase shares at a preset exercise price defined in the grant terms.

What is the exercise price of Jay C. Hoag’s new Netflix options?

The options have an exercise price of $85.85 per share. This means he can buy Netflix common stock at $85.85, regardless of market price, if he exercises the options before they expire.

When do Jay C. Hoag’s newly granted Netflix options expire?

The options expire on June 1, 2036. He must exercise the 728 non-qualified stock options before that date; after expiration, the right to purchase the underlying Netflix shares lapses.

Is Jay C. Hoag’s Form 4 transaction a buy or a sale of NFLX shares?

It is neither a market buy nor a sale; it is a grant. The Form 4 shows a compensation-related grant of 728 non-qualified stock options, coded as an acquisition rather than an open-market transaction.

How many derivative shares does Jay C. Hoag hold after this Netflix option grant?

After this grant, he holds 728 derivative option shares. This figure reflects the number of underlying Netflix common shares tied to the newly awarded non-qualified stock options reported in the filing.