Netflix CFO Neumann vests RSUs, withholds shares

Netflix Chief Financial Officer Spencer Neumann reported routine equity compensation activity on February 3, 2026.

Rhea-AI Filing Summary

Netflix Chief Financial Officer Spencer Neumann reported routine equity compensation activity on February 3, 2026. Several blocks of restricted stock units vested and converted into Netflix common stock on a one-for-one basis, adding 8,780, 4,890, and 4,748 shares, respectively.

To cover tax withholding from these vestings, the company withheld 4,371, 2,435, and 2,364 shares at a value of $82.76 per share. After these transactions, Neumann directly held 83,035 shares of Netflix common stock and retained 26,350, 34,250, and 52,229 RSUs from prior grants. The holdings reflect a previously completed ten-for-one forward stock split.

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	8,780	$0.00	$0.00
Exercise	Restricted Stock Units	4,890	$0.00	$0.00
Exercise	Restricted Stock Units	4,748	$0.00	$0.00
Exercise	Common Stock	8,780	$0.00	$0.00
Exercise	Common Stock	4,890	$0.00	$0.00
Exercise	Common Stock	4,748	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	4,371	$82.76	$362K
Exercise Price or Tax Liability	Common Stock	2,435	$82.76	$202K
Exercise Price or Tax Liability	Common Stock	2,364	$82.76	$196K

Holdings After Transaction: Restricted Stock Units — 112,829 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).

FAQ

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

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

Spencer Neumann reported RSU vesting and related tax withholding transactions. RSUs converted into common stock, and some shares were withheld at $82.76 per share to cover taxes, leaving him with 83,035 directly held Netflix shares and multiple remaining RSU awards.

How many Netflix (NFLX) shares did the CFO receive from RSU vesting?

Three RSU blocks vested into 8,780, 4,890, and 4,748 Netflix common shares. Each restricted stock unit converts into one share at vesting, increasing Spencer Neumann’s direct share ownership before shares were withheld to satisfy tax obligations arising from the vesting.

How many Netflix (NFLX) shares were withheld for taxes in this filing?

To satisfy tax withholding from RSU vesting, 4,371, 2,435, and 2,364 Netflix shares were withheld. These dispositions were recorded at $82.76 per share, a standard practice where the company withholds shares instead of the executive paying cash taxes directly.

What are Spencer Neumann’s Netflix (NFLX) share and RSU holdings after the transactions?

After the reported transactions, Spencer Neumann directly held 83,035 Netflix common shares. He also held 26,350, 34,250, and 52,229 RSUs from three separate grants, each representing a contingent right to receive one share of Netflix common stock upon future vesting.

What RSU grants underpin the Netflix (NFLX) CFO’s current awards?

The RSUs stem from grants of 105,380 units on January 25, 2024, 58,700 units on January 23, 2025, and 56,977 units on January 22, 2026. For each grant, one-twelfth vests quarterly starting the following February 3, subject to the award agreement terms.

How did Netflix’s ten-for-one stock split affect this Form 4 for NFLX?

The filing notes that amounts are adjusted for a ten-for-one forward stock split effective after market close on November 14, 2025. This means all share and RSU figures in the report reflect the post-split share count, making the holdings appear ten times larger numerically.

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

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

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 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 Financial 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		8,780	A	(1)	82,567	D
Common Stock	02/03/2026		M		4,890	A	(1)	87,457	D
Common Stock	02/03/2026		M		4,748	A	(1)	92,205	D
Common Stock	02/03/2026		F		4,371(2)	D	$82.76	87,834	D
Common Stock	02/03/2026		F		2,435(2)	D	$82.76	85,399	D
Common Stock	02/03/2026		F		2,364(2)	D	$82.76	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)	02/03/2026		M			8,780	(4)	(4)	Common Stock	8,780	$0	26,350	D
Restricted Stock Units	(3)	02/03/2026		M			4,890	(5)	(5)	Common Stock	4,890	$0	34,250	D
Restricted Stock Units	(3)	02/03/2026		M			4,748	(6)	(6)	Common Stock	4,748	$0	52,229	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:

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: Spencer Neumann	02/04/2026
	** Signature of Reporting Person	Date
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