Netflix CLO Hyman reports RSU vesting, tax withholding

Netflix Chief Legal Officer David A. Hyman reported routine equity compensation activity involving restricted stock units (RSUs) and related tax withholding.

Accepted by SEC EDGAR 02/04/2026 - 08:31 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Netflix Chief Legal Officer David A. Hyman reported routine equity compensation activity involving restricted stock units (RSUs) and related tax withholding. On February 3, 2026, RSUs converted into 5,440, 3,030, and 2,939 shares of Netflix common stock, each RSU settling one-for-one into a share.

To cover tax obligations from these vestings, 2,709, 1,509, and 1,464 shares of common stock were withheld at a price of $82.76 per share. Following these transactions, Hyman directly owned 321,827 shares of common stock and held 32,333 RSUs. The amounts are adjusted for a ten-for-one forward stock split effective after market close on November 14, 2025.

Insider Trade Summary

11,409 shares exercised/converted

Exercise 9 txns

Insider HYMAN DAVID A

Role Chief Legal Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	5,440	$0.00	$0.00
Exercise	Restricted Stock Units	3,030	$0.00	$0.00
Exercise	Restricted Stock Units	2,939	$0.00	$0.00
Exercise	Common Stock	5,440	$0.00	$0.00
Exercise	Common Stock	3,030	$0.00	$0.00
Exercise	Common Stock	2,939	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	2,709	$82.76	$224K
Exercise Price or Tax Liability	Common Stock	1,509	$82.76	$125K
Exercise Price or Tax Liability	Common Stock	1,464	$82.76	$121K

Holdings After Transaction: Restricted Stock Units — 69,843 contracts (Direct); Common Stock — 321,827 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 65,240 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 36,340 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 35,272 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).

FAQ

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

What did Netflix (NFLX) Chief Legal Officer David Hyman report in this Form 4?

David Hyman reported RSU vesting into Netflix common shares and related tax share withholding. Multiple RSU grants converted into stock, and some shares were withheld at a set price to satisfy tax obligations from these equity awards.

How many Netflix (NFLX) shares did David Hyman own after the reported transactions?

After the transactions on February 3, 2026, David Hyman directly owned 321,827 shares of Netflix common stock. He also continued to hold 32,333 restricted stock units, each representing a contingent right to receive one share of Netflix common stock in the future.

What RSU vesting activity occurred for Netflix (NFLX) Chief Legal Officer on February 3, 2026?

On February 3, 2026, several RSU tranches vested for David Hyman, converting into 5,440, 3,030, and 2,939 Netflix common shares. These vestings relate to RSU grants made in 2024, 2025, and 2026 with quarterly vesting schedules under their award agreements.

Why were Netflix (NFLX) shares withheld at $82.76 in David Hyman’s Form 4?

Shares were withheld at $82.76 each to satisfy tax withholding obligations triggered by the RSU vesting. Instead of paying cash taxes, a portion of the newly delivered Netflix shares was retained to cover the required tax liabilities.

What RSU grants does David Hyman have from Netflix (NFLX)?

David Hyman received grants of 65,240 RSUs in January 2024, 36,340 RSUs in January 2025, and 35,272 RSUs in January 2026. Each grant vests in twelve quarterly installments beginning February 3 of the respective grant year, subject to award agreement terms.

How did the Netflix (NFLX) stock split affect the share amounts in this Form 4?

The reported share amounts are adjusted for a ten-for-one forward stock split effective after market close on November 14, 2025. This adjustment increases the number of shares shown while proportionally reducing the pre-split share price for historical equity awards.

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

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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^*

HYMAN DAVID A

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
02/03/2026

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	02/03/2026		M		5,440	A	(1)	321,540	D
Common Stock	02/03/2026		M		3,030	A	(1)	324,570	D
Common Stock	02/03/2026		M		2,939	A	(1)	327,509	D
Common Stock	02/03/2026		F		2,709(2)	D	$82.76	324,800	D
Common Stock	02/03/2026		F		1,509(2)	D	$82.76	323,291	D
Common Stock	02/03/2026		F		1,464(2)	D	$82.76	321,827	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)	02/03/2026		M			5,440	(4)	(4)	Common Stock	5,440	$0	16,310	D
Restricted Stock Units	(3)	02/03/2026		M			3,030	(5)	(5)	Common Stock	3,030	$0	21,200	D
Restricted Stock Units	(3)	02/03/2026		M			2,939	(6)	(6)	Common Stock	2,939	$0	32,333	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 65,240 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 36,340 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 35,272 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:

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: David A. Hyman	02/04/2026
	** Signature of Reporting Person	Date
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