Netflix (NFLX) director Bradford Smith granted 654 options at $95.55

Rhea-AI Filing Summary

NETFLIX INC director Bradford L. Smith received a grant of 654 non-qualified stock options to acquire Common Stock at an exercise price of $95.55 per share. These options were awarded on April 1, 2026 and will expire on April 1, 2036 if not exercised. Following this grant, he holds 654 stock options directly.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider SMITH BRADFORD L

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Non-Qualified Stock Option (right to buy)	654	$0.00	--

Holdings After Transaction: Non-Qualified Stock Option (right to buy) — 654 shares (Direct)

Footnotes (1)

Key Figures

Option grant size: 654 options Exercise price: $95.55 per share Underlying shares: 654 shares +2 more

5 metrics

Option grant size 654 options Non-qualified stock option grant on April 1, 2026

Exercise price $95.55 per share Exercise price for underlying Netflix Common Stock

Underlying shares 654 shares Common Stock underlying the granted options

Post-transaction options held 654 options Total options held directly after the grant

Option expiration date April 1, 2036 Expiration of the non-qualified stock options

Key Terms

Non-Qualified Stock Option, grant/award acquisition, Common Stock, exercise price

4 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.

grant/award acquisition financial

"transaction_action: "grant/award acquisition""

Common Stock financial

"underlying_security_title: "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

exercise price financial

"conversion_or_exercise_price: "95.5500""

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.

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^*

SMITH BRADFORD L

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

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)	$95.55	04/01/2026		A		654		04/01/2026	04/01/2036	Common Stock	654	$0	654	D

Explanation of Responses:

Remarks:

	By: Veronique Bourdeau, Authorized Signatory For: Bradford L. Smith	04/02/2026
	** 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 Bradford L. Smith report?

Bradford L. Smith reported receiving a grant of 654 non-qualified stock options in Netflix. The options give him the right to buy 654 shares of Common Stock at a fixed exercise price, reflecting routine equity-based compensation for his role as a director.

What is the exercise price of the new Netflix (NFLX) stock options?

The new non-qualified stock options for Netflix Common Stock have an exercise price of $95.55 per share. This means Bradford L. Smith can purchase up to 654 shares at $95.55, regardless of the market price, any time before the options expire.

When do Bradford L. Smith’s NFLX stock options expire?

The non-qualified stock options granted to Bradford L. Smith expire on April 1, 2036. He has the right to exercise these options for up to 654 shares of Netflix Common Stock at $95.55 per share any time before that expiration date.

How many Netflix (NFLX) options does Bradford L. Smith hold after this transaction?

After this transaction, Bradford L. Smith holds 654 non-qualified stock options directly. These options correspond to 654 underlying shares of Netflix Common Stock and were granted as a single award on April 1, 2026 with a $95.55 exercise price.

Is Bradford L. Smith buying or selling Netflix (NFLX) stock in this Form 4?

This Form 4 reports an option grant, not an open-market stock trade. Bradford L. Smith acquired 654 non-qualified stock options as a grant, giving him the right to buy Netflix Common Stock later, rather than immediately buying or selling shares.