Netflix CFO RSUs vest, shares withheld for tax

Netflix Chief Financial Officer Spencer Adam Neumann reported the vesting of 18,418 restricted stock units into an equal number of common shares on August 3, 2026, from three RSU grants made in 2024, 2025 and 2026.

Accepted by SEC EDGAR 08/04/2026 - 05:16 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Netflix Chief Financial Officer Spencer Adam Neumann reported the vesting of 18,418 restricted stock units into an equal number of common shares on August 3, 2026, from three RSU grants made in 2024, 2025 and 2026. To satisfy related tax withholding obligations, a total of 9,170 shares was withheld at $71.71 per share; these shares were withheld for taxes rather than sold in the open market.

Insider Trade Summary

18,418 shares exercised/converted

Exercise 9 txns

Insider Neumann Spencer Adam

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units F3, F4	8,780	$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	8,780	--	--
Exercise	Common Stock F1	4,890	--	--
Exercise	Common Stock F1	4,748	--	--
Tax Withholding	Common Stock F2	4,371	$71.71	$313K
Tax Withholding	Common Stock F2	2,435	$71.71	$175K
Tax Withholding	Common Stock F2	2,364	$71.71	$170K

Holdings After Transaction: Restricted Stock Units — 75,983 contracts (Direct); Common Stock — 83,035 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

RSUs vested into common stock: 18,418 shares RSUs from 2024 grant vested: 8,780 units RSUs from 2025 grant vested: 4,890 units +5 more

8 metrics

RSUs vested into common stock 18,418 shares Restricted stock units settled into common shares on August 3, 2026

RSUs from 2024 grant vested 8,780 units Portion of January 25, 2024 RSU grant vesting and settling one-for-one into common stock

RSUs from 2025 grant vested 4,890 units Portion of January 23, 2025 RSU grant vesting and settling one-for-one into common stock

RSUs from 2026 grant vested 4,748 units Portion of January 22, 2026 RSU grant vesting and settling one-for-one into common stock

Shares withheld for taxes 9,170 shares Total shares withheld to satisfy tax obligations arising from RSU vesting

Tax withholding price $71.71 per share Price used to determine shares withheld for tax liability on vested RSUs

2024 RSU grant size 105,380 RSUs Grant to Spencer Neumann on January 25, 2024, vesting 1/12th quarterly from February 3, 2024

2025 RSU grant size 58,700 RSUs Grant to Spencer Neumann on January 23, 2025, vesting 1/12th quarterly from February 3, 2025

Key Terms

Restricted Stock Units, tax withholding obligations, contingent right, trading day

4 terms

Restricted Stock Units financial

"Reflects restricted stock units (RSUs) that following vesting, settled in shares of Netflix common stock"

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.

tax withholding obligations financial

"Shares withheld to satisfy tax withholding obligations arising out of the vesting of RSUs"

contingent right financial

"Each RSU represents a contingent right to receive one share of Netflix common stock"

trading day financial

"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"

A trading day is a calendar day when a stock exchange is open and securities can be bought or sold during its set market hours, like a store’s regular business hours. It matters to investors because price changes, order execution, daily volume, and settlement timing are tied to trading days, so performance, deadlines for trades or option expirations, and short-term strategies are measured and planned around them.

FAQ

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

What insider stock transactions did Netflix (NFLX) CFO Spencer Neumann report?

Spencer Adam Neumann reported 18,418 RSUs vesting into the same number of Netflix common shares on August 3, 2026. In connection with this vesting, 9,170 shares were withheld at $71.71 per share to cover tax obligations, not as open‑market sales.

How many RSUs from each grant vested for Netflix (NFLX) CFO Spencer Neumann?

Three RSU tranches vested for Spencer Neumann: 8,780 units from a January 25, 2024 grant, 4,890 units from a January 23, 2025 grant, and 4,748 units from a January 22, 2026 grant, each settling one‑for‑one into Netflix common stock.

What tax withholding share transactions did Netflix (NFLX) disclose for its CFO?

To satisfy tax withholding on RSU vesting, 4,371, 2,435 and 2,364 Netflix common shares were withheld, totaling 9,170 shares. The withholding price was $71.71 per share, reflecting payment of tax liabilities by delivering or withholding securities rather than selling them.

Were Netflix (NFLX) CFO Spencer Neumann’s reported transactions open-market buys or sells?

The reported activity reflects RSU vesting into common stock and shares withheld for tax obligations. The Form 4 does not show any open‑market purchases or sales; dispositions were specifically described as shares withheld to satisfy tax liabilities on the RSU vesting.

What are the vesting schedules of Netflix (NFLX) CFO Spencer Neumann’s RSU grants?

Neumann received RSU grants on January 25, 2024 (105,380 RSUs), January 23, 2025 (58,700 RSUs) and January 22, 2026 (56,977 RSUs). For each grant, 1/12th of the RSUs vest on a quarterly basis beginning on February 3 of the respective year, or the first trading day thereafter.

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)
08/03/2026

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	08/03/2026		M		8,780	A	(1)	82,567	D
Common Stock	08/03/2026		M		4,890	A	(1)	87,457	D
Common Stock	08/03/2026		M		4,748	A	(1)	92,205	D
Common Stock	08/03/2026		F		4,371(2)	D	$71.71	87,834	D
Common Stock	08/03/2026		F		2,435(2)	D	$71.71	85,399	D
Common Stock	08/03/2026		F		2,364(2)	D	$71.71	83,035	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)	08/03/2026		M			8,780	(4)	(4)	Common Stock	8,780	$0	8,790	D
Restricted Stock Units	(3)	08/03/2026		M			4,890	(5)	(5)	Common Stock	4,890	$0	24,460	D
Restricted Stock Units	(3)	08/03/2026		M			4,748	(6)	(6)	Common Stock	4,748	$0	42,733	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	08/04/2026
	** 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)