Netflix (NASDAQ: NFLX) Co-CEO Peters reports PSU vesting and tax share withholding

Rhea-AI Filing Summary

Netflix Co-CEO Gregory K. Peters, who is also a director, reported equity award activity in the company’s stock. On January 7, 2026, he acquired 207,420 shares of common stock at $0 per share through performance-based restricted stock units that were earned after the compensation committee certified results, with each unit settling into one share of Netflix common stock.

On the same date, 101,639 shares were disposed of at $90.65 per share, representing shares withheld to cover tax obligations arising from the PSU vesting. After these transactions, Peters directly held 227,921 shares of Netflix common stock. The holdings have been adjusted to reflect a ten-for-one forward stock split of Netflix common stock that became effective after market close on November 14, 2025.

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

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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^*

Peters Gregory K

(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
X	Officer (give title below)		Other (specify below)
	Co-CEO

3. Date of Earliest Transaction (Month/Day/Year)
01/07/2026

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
Common Stock	01/07/2026		A(1)		207,420	A	$0	329,560	D
Common Stock	01/07/2026		F		101,639(2)	D	$90.65	227,921	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

Explanation of Responses:

1. Reflects performance-based restricted stock units (PSUs) deemed earned upon compensation committee certification of results that will settle 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 PSUs.

Remarks:

Adjusted to reflect a ten-for-one forward split of the Issuer's common stock effective after market close on November 14, 2025.

	By: Veronique Bourdeau, Authorized Signatory For: Gregory K. Peters	01/08/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider activity did Netflix (NFLX) report for Gregory K. Peters?

Netflix reported that Co-CEO and director Gregory K. Peters acquired 207,420 shares of common stock on January 7, 2026 through performance-based restricted stock units, and had 101,639 shares withheld the same day to cover tax obligations related to the vesting of those units.

How many Netflix (NFLX) shares did Gregory K. Peters hold after the reported Form 4 transactions?

Following the reported transactions on January 7, 2026, Gregory K. Peters directly beneficially owned 227,921 shares of Netflix common stock, as shown in the filing.

What is the nature of the 207,420 Netflix (NFLX) shares reported as acquired by Gregory K. Peters?

The 207,420 shares reported as acquired were from performance-based restricted stock units (PSUs) that were deemed earned upon the compensation committee’s certification of results and will settle into Netflix common stock on a one-for-one basis at an acquisition price of $0 per share.

Why were 101,639 Netflix (NFLX) shares disposed of in Gregory K. Peters’ Form 4?

The 101,639 shares shown as disposed of at $90.65 per share were withheld to satisfy tax withholding obligations arising from the vesting of the performance-based restricted stock units, rather than an open-market sale.

How did Netflix’s stock split affect the share numbers reported for Gregory K. Peters?

The filing notes that the reported holdings were adjusted for a ten-for-one forward stock split of Netflix common stock that became effective after market close on November 14, 2025, so the share amounts reflect post-split figures.

What roles does Gregory K. Peters hold at Netflix (NFLX) according to the Form 4?

According to the Form 4, Gregory K. Peters is both a director and an officer of Netflix, serving as Co-CEO, and the filing is made for a single reporting person.