NFLX CFO sells shares under 10b5-1 plan; now holds 3,931

Q: What did NFLX's CFO report on Form 4?

Spencer Neumann exercised 2,600 stock options at $269.58 and sold shares in multiple trades on 11/03/2025 .

Q: Were the sales under a trading plan?

Yes. Transactions were made pursuant to a Rule 10b5-1 plan adopted on 10/29/2024 .

Q: What does the option exercise detail show?

A non-qualified stock option to buy 2,600 shares at $269.58 was exercised on 11/03/2025 .

Q: How many shares does the CFO own after the transactions?

He directly beneficially owns 3,931 NFLX shares after the reported transactions.

Q: What is the relationship of the reporting person to Netflix?

The reporting person is an Officer , serving as Chief Financial Officer .

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Netflix (NFLX) reported an insider transaction by Chief Financial Officer Spencer Neumann. On 11/03/2025, he exercised 2,600 non-qualified stock options at an exercise price of $269.58 per share and executed multiple open-market sales the same day pursuant to a Rule 10b5-1 trading plan adopted on 10/29/2024.

The sales were completed in numerous small lots, each reported with a weighted average price for the trade range disclosed in the footnotes. Following these transactions, Neumann directly beneficially owns 3,931 shares of Netflix common stock.

Insider Trade Summary

Net Seller: 2,360 shares ($2,590,251)

Net Sell 31 txns

Insider Neumann Spencer Adam

Role Chief Financial Officer

Sold 2,360 shs ($2.59M)

Type	Security	Shares	Price	Value
Exercise	Non-Qualified Stock Option (right to buy)	2,600	$0.00	--
Exercise	Common Stock	2,600	$269.58	$701K
Sale	Common Stock	30	$1,079.4233	$32K
Sale	Common Stock	40	$1,083.1975	$43K
Sale	Common Stock	40	$1,084.295	$43K
Sale	Common Stock	40	$1,086.02	$43K
Sale	Common Stock	40	$1,086.9475	$43K
Sale	Common Stock	60	$1,087.7867	$65K
Sale	Common Stock	70	$1,089.1786	$76K
Sale	Common Stock	60	$1,090.0633	$65K
Sale	Common Stock	111	$1,091.2345	$121K
Sale	Common Stock	100	$1,092.352	$109K
Sale	Common Stock	110	$1,093.4336	$120K
Sale	Common Stock	156	$1,094.3076	$171K
Sale	Common Stock	190	$1,095.3195	$208K
Sale	Common Stock	250	$1,096.3396	$274K
Sale	Common Stock	110	$1,097.4745	$121K
Sale	Common Stock	180	$1,098.4539	$198K
Sale	Common Stock	244	$1,099.4575	$268K
Sale	Common Stock	90	$1,100.9811	$99K
Sale	Common Stock	40	$1,102.39	$44K
Sale	Common Stock	10	$1,103.72	$11K
Sale	Common Stock	10	$1,105.20	$11K
Sale	Common Stock	30	$1,106.7067	$33K
Sale	Common Stock	30	$1,107.9533	$33K
Sale	Common Stock	10	$1,108.96	$11K
Sale	Common Stock	70	$1,111.2014	$78K
Sale	Common Stock	40	$1,112.095	$44K
Sale	Common Stock	30	$1,113.34	$33K
Sale	Common Stock	80	$1,115.3413	$89K
Sale	Common Stock	89	$1,116.6252	$99K

Holdings After Transaction: Non-Qualified Stock Option (right to buy) — 0 shares (Direct); Common Stock — 6,291 shares (Direct)

Footnotes (1)

Transaction made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 10/29/2024. This transaction was executed in multiple trades at prices ranging from $1,079.12 to $1,079.78. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. This transaction was executed in multiple trades at prices ranging from $1,082.75 to $1,083.70. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. This transaction was executed in multiple trades at prices ranging from $1,084.07 to $1,084.87. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. This transaction was executed in multiple trades at prices ranging from $1,085.41 to $1,086.34. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. This transaction was executed in multiple trades at prices ranging from $1,086.43 to $1,087.39. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. This transaction was executed in multiple trades at prices ranging from $1,087.49 to $1,088.31. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. This transaction was executed in multiple trades at prices ranging from $1,088.66 to $1,089.62. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. This transaction was executed in multiple trades at prices ranging from $1,089.66 to $1,090.58. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. This transaction was executed in multiple trades at prices ranging from $1,090.68 to $1,091.65. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. This transaction was executed in multiple trades at prices ranging from $1,091.71 to $1,092.69. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. This transaction was executed in multiple trades at prices ranging from $1,092.86 to $1,093.84. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. This transaction was executed in multiple trades at prices ranging from $1,093.89 to $1,094.85. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. This transaction was executed in multiple trades at prices ranging from $1,094.89 to $1,095.84. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. This transaction was executed in multiple trades at prices ranging from $1,095.89 to $1,096.77. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. This transaction was executed in multiple trades at prices ranging from $1,096.94 to $1,097.86. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. This transaction was executed in multiple trades at prices ranging from $1,097.95 to $1,098.93. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. This transaction was executed in multiple trades at prices ranging from $1,098.95 to $1,099.87. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. This transaction was executed in multiple trades at prices ranging from $1,100.46 to $1,101.31. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. This transaction was executed in multiple trades at prices ranging from $1,102.25 to $1,102.61. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. This transaction was executed in multiple trades at prices ranging from $1,106.22 to $1,107.13. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. This transaction was executed in multiple trades at prices ranging from $1,107.79 to $1,108.18. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. This transaction was executed in multiple trades at prices ranging from $1,110.74 to $1,111.44. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. This transaction was executed in multiple trades at prices ranging from $1,111.92 to $1,112.49. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. This transaction was executed in multiple trades at prices ranging from $1,112.96 to $1,113.94. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. This transaction was executed in multiple trades at prices ranging from $1,115.09 to $1,115.73. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. This transaction was executed in multiple trades at prices ranging from $1,116.37 to $1,117.16. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

Form 4 Insider Transactions: What Each Field Means →

11/04/2025 - 08:36 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^*

Neumann Spencer Adam

(Last)

(First)

(Middle)

121 ALBRIGHT WAY

(Street)

LOS GATOS

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)
11/03/2025

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)
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)
Common Stock	11/03/2025		M		2,600⁽¹⁾	A	$269.58	6,291	D
Common Stock	11/03/2025		S		30⁽¹⁾	D	$1,079.4233⁽²⁾	6,261	D
Common Stock	11/03/2025		S		40⁽¹⁾	D	$1,083.1975⁽³⁾	6,221	D
Common Stock	11/03/2025		S		40⁽¹⁾	D	$1,084.295⁽⁴⁾	6,181	D
Common Stock	11/03/2025		S		40⁽¹⁾	D	$1,086.02⁽⁵⁾	6,141	D
Common Stock	11/03/2025		S		40⁽¹⁾	D	$1,086.9475⁽⁶⁾	6,101	D
Common Stock	11/03/2025		S		60⁽¹⁾	D	$1,087.7867⁽⁷⁾	6,041	D
Common Stock	11/03/2025		S		70⁽¹⁾	D	$1,089.1786⁽⁸⁾	5,971	D
Common Stock	11/03/2025		S		60⁽¹⁾	D	$1,090.0633⁽⁹⁾	5,911	D
Common Stock	11/03/2025		S		111⁽¹⁾	D	$1,091.2345⁽¹⁰⁾	5,800	D
Common Stock	11/03/2025		S		100⁽¹⁾	D	$1,092.352⁽¹¹⁾	5,700	D
Common Stock	11/03/2025		S		110⁽¹⁾	D	$1,093.4336⁽¹²⁾	5,590	D
Common Stock	11/03/2025		S		156⁽¹⁾	D	$1,094.3076⁽¹³⁾	5,434	D
Common Stock	11/03/2025		S		190⁽¹⁾	D	$1,095.3195⁽¹⁴⁾	5,244	D
Common Stock	11/03/2025		S		250⁽¹⁾	D	$1,096.3396⁽¹⁵⁾	4,994	D
Common Stock	11/03/2025		S		110⁽¹⁾	D	$1,097.4745⁽¹⁶⁾	4,884	D
Common Stock	11/03/2025		S		180⁽¹⁾	D	$1,098.4539⁽¹⁷⁾	4,704	D
Common Stock	11/03/2025		S		244⁽¹⁾	D	$1,099.4575⁽¹⁸⁾	4,460	D
Common Stock	11/03/2025		S		90⁽¹⁾	D	$1,100.9811⁽¹⁹⁾	4,370	D
Common Stock	11/03/2025		S		40⁽¹⁾	D	$1,102.39⁽²⁰⁾	4,330	D
Common Stock	11/03/2025		S		10⁽¹⁾	D	$1,103.72	4,320	D
Common Stock	11/03/2025		S		10⁽¹⁾	D	$1,105.2	4,310	D
Common Stock	11/03/2025		S		30⁽¹⁾	D	$1,106.7067⁽²¹⁾	4,280	D
Common Stock	11/03/2025		S		30⁽¹⁾	D	$1,107.9533⁽²²⁾	4,250	D
Common Stock	11/03/2025		S		10⁽¹⁾	D	$1,108.96	4,240	D
Common Stock	11/03/2025		S		70⁽¹⁾	D	$1,111.2014⁽²³⁾	4,170	D
Common Stock	11/03/2025		S		40⁽¹⁾	D	$1,112.095⁽²⁴⁾	4,130	D
Common Stock	11/03/2025		S		30⁽¹⁾	D	$1,113.34⁽²⁵⁾	4,100	D
Common Stock	11/03/2025		S		80⁽¹⁾	D	$1,115.3413⁽²⁶⁾	4,020	D
Common Stock	11/03/2025		S		89⁽¹⁾	D	$1,116.6252⁽²⁷⁾	3,931	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)
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)	$269.58	11/03/2025		M			2,600⁽¹⁾	10/01/2019	10/01/2029	Common Stock	2,600	$0	0	D

Explanation of Responses:

1. Transaction made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 10/29/2024.

2. This transaction was executed in multiple trades at prices ranging from $1,079.12 to $1,079.78. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

3. This transaction was executed in multiple trades at prices ranging from $1,082.75 to $1,083.70. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

4. This transaction was executed in multiple trades at prices ranging from $1,084.07 to $1,084.87. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

5. This transaction was executed in multiple trades at prices ranging from $1,085.41 to $1,086.34. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

6. This transaction was executed in multiple trades at prices ranging from $1,086.43 to $1,087.39. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

7. This transaction was executed in multiple trades at prices ranging from $1,087.49 to $1,088.31. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

8. This transaction was executed in multiple trades at prices ranging from $1,088.66 to $1,089.62. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

9. This transaction was executed in multiple trades at prices ranging from $1,089.66 to $1,090.58. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

10. This transaction was executed in multiple trades at prices ranging from $1,090.68 to $1,091.65. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

11. This transaction was executed in multiple trades at prices ranging from $1,091.71 to $1,092.69. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

12. This transaction was executed in multiple trades at prices ranging from $1,092.86 to $1,093.84. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

13. This transaction was executed in multiple trades at prices ranging from $1,093.89 to $1,094.85. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

14. This transaction was executed in multiple trades at prices ranging from $1,094.89 to $1,095.84. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

15. This transaction was executed in multiple trades at prices ranging from $1,095.89 to $1,096.77. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

16. This transaction was executed in multiple trades at prices ranging from $1,096.94 to $1,097.86. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

17. This transaction was executed in multiple trades at prices ranging from $1,097.95 to $1,098.93. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

18. This transaction was executed in multiple trades at prices ranging from $1,098.95 to $1,099.87. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

19. This transaction was executed in multiple trades at prices ranging from $1,100.46 to $1,101.31. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

20. This transaction was executed in multiple trades at prices ranging from $1,102.25 to $1,102.61. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

21. This transaction was executed in multiple trades at prices ranging from $1,106.22 to $1,107.13. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

22. This transaction was executed in multiple trades at prices ranging from $1,107.79 to $1,108.18. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

23. This transaction was executed in multiple trades at prices ranging from $1,110.74 to $1,111.44. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

24. This transaction was executed in multiple trades at prices ranging from $1,111.92 to $1,112.49. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

25. This transaction was executed in multiple trades at prices ranging from $1,112.96 to $1,113.94. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

26. This transaction was executed in multiple trades at prices ranging from $1,115.09 to $1,115.73. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

27. This transaction was executed in multiple trades at prices ranging from $1,116.37 to $1,117.16. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

Remarks:

Due to the limitation on the number of transactions that can be reported on a single Form 4, this Form 4 is the first of two being filed by the reporting person on the date hereof.

	By: Veronique Bourdeau, Authorized Signatory For: Spencer Neumann	11/04/2025
	** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What did NFLX's CFO report on Form 4?

Spencer Neumann exercised 2,600 stock options at $269.58 and sold shares in multiple trades on 11/03/2025.

Were the sales under a trading plan?

Yes. Transactions were made pursuant to a Rule 10b5-1 plan adopted on 10/29/2024.

What does the option exercise detail show?

A non-qualified stock option to buy 2,600 shares at $269.58 was exercised on 11/03/2025.

What were the sale price ranges disclosed?

Footnotes report weighted average sale prices across ranges that include figures such as $1,079.12 to $1,117.16.

How many shares does the CFO own after the transactions?

He directly beneficially owns 3,931 NFLX shares after the reported transactions.

What is the relationship of the reporting person to Netflix?

The reporting person is an Officer, serving as Chief Financial Officer.