Netflix CFO gets PSUs, withholds shares for taxes

Netflix Inc. Chief Financial Officer Spencer Neumann reported equity award activity on January 7, 2026.

Accepted by SEC EDGAR 01/08/2026 - 08:48 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Netflix Inc. Chief Financial Officer Spencer Neumann reported equity award activity on January 7, 2026. He acquired 70,260 shares of common stock at $0 through performance-based restricted stock units that were deemed earned after the compensation committee certified results, with one share issued for each unit.

On the same date, 33,383 shares were withheld at $90.65 per share to satisfy tax withholding obligations arising from the PSU vesting. After these transactions, Neumann directly held 73,787 shares of Netflix common stock, a figure that also corrects an earlier administrative error by 10 shares and reflects a ten-for-one forward stock split that took effect after market close on November 14, 2025.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Neumann Spencer Adam

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	70,260	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	33,383	$90.65	$3.03M

Holdings After Transaction: Common Stock — 73,787 shares (Direct)

Footnotes (3)

1. F1. 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. F2. Shares withheld to satisfy tax withholding obligations arising out of the vesting of PSUs.
3. F3. This number includes an additional 10 shares to correct an administrative error in the Form 4 filed by the reporting person on November 5, 2025, which overstated the number of shares sold on November 3, 2025.

FAQ

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What did Netflix (NFLX) CFO Spencer Neumann report in this Form 4?

He reported receiving 70,260 shares of Netflix common stock at $0 from performance-based restricted stock units and the withholding of 33,383 shares at $90.65 to cover related tax obligations.

How many Netflix (NFLX) shares does the CFO own after these transactions?

Following the reported transactions, Spencer Neumann directly beneficially owns 73,787 shares of Netflix common stock.

What are the 70,260 Netflix shares received by the CFO based on?

The 70,260 shares reflect performance-based restricted stock units (PSUs) that were deemed earned once the compensation committee certified results, settling into Netflix common stock on a one-for-one basis.

Why were 33,383 Netflix (NFLX) shares withheld from the CFO?

The 33,383 shares were withheld at $90.65 per share to satisfy tax withholding obligations that arose when the performance-based restricted stock units vested.

What does the ten-for-one forward split remark mean for Netflix shares?

The remark notes that amounts are adjusted to reflect a ten-for-one forward split of Netflix common stock that became effective after market close on November 14, 2025.

What is the administrative correction mentioned in the Form 4 for Netflix (NFLX)?

The filing states that the 73,787-share figure includes an additional 10 shares to correct an administrative error in a prior Form 4 that had overstated the number of shares sold on November 3, 2025.

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^*

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)
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)		70,260	A	$0	107,170	D
Common Stock	01/07/2026		F		33,383(2)	D	$90.65	73,787(3)	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.

3. This number includes an additional 10 shares to correct an administrative error in the Form 4 filed by the reporting person on November 5, 2025, which overstated the number of shares sold on November 3, 2025.

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	01/08/2026
	** 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.
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