Netflix (NASDAQ: NFLX) grants stock options to accounting chief

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Netflix Inc. reported that Chief Accounting Officer Jeffrey William Karbowski received a grant of non-qualified stock options. The award covers 792 options to purchase Netflix common stock at an exercise price of $92.06 per share. These options were granted on May 1, 2026 and will expire on May 1, 2036. Following this grant, he holds 792 derivative securities of this type directly.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Karbowski Jeffrey William

Role Chief Accounting Officer

Type	Security	Shares	Price	Value
Grant/Award	Non-Qualified Stock Option (right to buy)	792	$0.00	--

Holdings After Transaction: Non-Qualified Stock Option (right to buy) — 792 shares (Direct, null)

Footnotes (1)

Key Figures

Options granted: 792 options Exercise price: $92.06 per share Expiration date: May 1, 2036 +1 more

4 metrics

Options granted 792 options Non-qualified stock options granted May 1, 2026

Exercise price $92.06 per share Conversion or exercise price for options

Expiration date May 1, 2036 Option expiration for this grant

Post-transaction derivative holdings 792 options Total derivative securities of this type after grant

Key Terms

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

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""

exercise price financial

"conversion_or_exercise_price: "92.0600""

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.

derivative securities financial

"total_shares_following_transaction: "792.0000" (derivative)"

Financial contracts whose value is tied to the price or performance of another asset, such as a stock, bond, commodity, index, or currency; examples include options, futures and swaps. They matter to investors because they let you protect against price swings, bet on future moves or gain larger exposure with less upfront cash—like using a lever or insurance policy on an investment—so they can amplify gains and losses and help manage portfolio risk.

Form 4 Insider Transactions: What Each Field Means →

05/04/2026 - 04:08 PM

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^*

Karbowski Jeffrey William

(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 Accounting Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/01/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Non-Qualified Stock Option (right to buy)	$92.06	05/01/2026		A		792		05/01/2026	05/01/2036	Common Stock	792	$0	792	D

Explanation of Responses:

Remarks:

	By: Veronique Bourdeau, Authorized Signatory For: Jeffrey Karbowski	05/04/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Netflix (NFLX) disclose for Jeffrey Karbowski?

Netflix disclosed that Chief Accounting Officer Jeffrey William Karbowski received a grant of 792 non-qualified stock options. These options give him the right to buy Netflix common shares at a fixed exercise price and represent a compensation-related equity award rather than an open-market trade.

What are the key terms of the new Netflix (NFLX) stock options?

The grant consists of 792 non-qualified stock options with an exercise price of $92.06 per share. The options were granted on May 1, 2026 and are scheduled to expire on May 1, 2036, giving a ten-year window in which they may be exercised.

Is Jeffrey Karbowski buying Netflix (NFLX) shares on the market in this filing?

No, this Form 4 shows a compensation grant, not a market purchase. Jeffrey Karbowski received 792 non-qualified stock options at a $92.06 exercise price, meaning he gains the right to buy Netflix shares later rather than acquiring common stock in an open-market transaction now.

How many derivative securities does the Netflix (NFLX) officer hold after this grant?

After this reported transaction, Jeffrey Karbowski holds 792 derivative securities of this option type directly. That figure matches the size of the new award, indicating this entire reported position comes from the May 1, 2026 grant of non-qualified stock options.

What role does Jeffrey Karbowski hold at Netflix (NFLX) in this Form 4?

Jeffrey William Karbowski is identified as Netflix’s Chief Accounting Officer in the Form 4. The filing ties his executive role to the reported equity compensation grant of 792 non-qualified stock options, aligning his incentives with shareholder interests through potential future ownership of common stock.