Netflix (NASDAQ: NFLX) Co-CEO Peters vests RSUs and withholds shares for taxes

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Netflix Co-CEO Gregory K. Peters, who is also a director, reported routine equity compensation activity dated February 3, 2026. Several blocks of restricted stock units (RSUs) vested and were settled into common stock on a one-for-one basis, reflected as code “M” transactions in both the derivative and non-derivative tables.

To cover tax withholding from these vestings, Peters had multiple “F” transactions in Netflix common stock, where 12,908, 7,189, and 6,979 shares were withheld at $82.76 per share. After these transactions, he held 149,452 shares of Netflix common stock directly and 154,198 RSUs directly. The holdings have been adjusted for a ten-for-one forward stock split effective after market close on November 14, 2025.

Insider Trade Summary

54,388 shares exercised/converted

Mixed 9 txns

Insider Peters Gregory K

Role Co-CEO

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	25,930	$0.00	--
Exercise	Restricted Stock Units	14,440	$0.00	--
Exercise	Restricted Stock Units	14,018	$0.00	--
Exercise	Common Stock	25,930	$0.00	--
Exercise	Common Stock	14,440	$0.00	--
Exercise	Common Stock	14,018	$0.00	--
Tax Withholding	Common Stock	12,908	$82.76	$1.07M
Tax Withholding	Common Stock	7,189	$82.76	$595K
Tax Withholding	Common Stock	6,979	$82.76	$578K

Holdings After Transaction: Restricted Stock Units — 77,780 shares (Direct); Common Stock — 148,070 shares (Direct)

Footnotes (1)

Reflects restricted stock units (RSUs) that following vesting, settled in shares of Netflix common stock on a one-for-one basis. Shares withheld to satisfy tax withholding obligations arising out of the vesting of RSUs. Each RSU represents a contingent right to receive one share of Netflix common stock. On January 25, 2024, the Reporting Person was granted 311,120 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). On January 23, 2025, the Reporting Person was granted 173,300 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). On January 22, 2026, the Reporting Person was granted 168,216 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).

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 02/04/2026 - 08:31 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^*

Peters Gregory K

(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)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Co-CEO

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)
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	02/03/2026		M		25,930	A	⁽¹⁾	148,070	D
Common Stock	02/03/2026		M		14,440	A	⁽¹⁾	162,510	D
Common Stock	02/03/2026		M		14,018	A	⁽¹⁾	176,528	D
Common Stock	02/03/2026		F		12,908⁽²⁾	D	$82.76	163,620	D
Common Stock	02/03/2026		F		7,189⁽²⁾	D	$82.76	156,431	D
Common Stock	02/03/2026		F		6,979⁽²⁾	D	$82.76	149,452	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)
Restricted Stock Units	⁽³⁾	02/03/2026		M			25,930	⁽⁴⁾	⁽⁴⁾	Common Stock	25,930	$0	77,780	D
Restricted Stock Units	⁽³⁾	02/03/2026		M			14,440	⁽⁵⁾	⁽⁵⁾	Common Stock	14,440	$0	101,100	D
Restricted Stock Units	⁽³⁾	02/03/2026		M			14,018	⁽⁶⁾	⁽⁶⁾	Common Stock	14,018	$0	154,198	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 311,120 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 173,300 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 168,216 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: Gregory K. Peters	02/04/2026
	** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What did Netflix (NFLX) Co-CEO Gregory Peters report in this Form 4?

Gregory Peters reported RSU vesting and related tax withholding. Restricted stock units converted into Netflix common stock, and some shares were withheld at $82.76 per share to satisfy tax obligations triggered by the vesting events on February 3, 2026.

How many Netflix (NFLX) shares does Gregory Peters own after these transactions?

After the reported transactions, Gregory Peters directly owns 149,452 shares of Netflix common stock. He also holds 154,198 restricted stock units, each representing a contingent right to receive one additional share of Netflix common stock upon future vesting.

What do the “M” and “F” transaction codes mean in Gregory Peters’ Netflix Form 4?

Code “M” indicates the conversion of restricted stock units into common stock. Code “F” indicates shares withheld to satisfy tax withholding obligations arising from RSU vesting. In this filing, both codes reflect routine equity compensation administration for Gregory Peters.

At what price were Netflix (NFLX) shares withheld for Gregory Peters’ taxes?

Shares were withheld at $82.76 per share to cover tax obligations from RSU vesting. Several withholding transactions on February 3, 2026 removed blocks of common stock at this price, while leaving Gregory Peters with substantial remaining direct and RSU-based ownership in Netflix.

How were Gregory Peters’ RSU grants structured in this Netflix (NFLX) filing?

The RSU grants vest in twelve quarterly installments. Grants made on January 25, 2024, January 23, 2025, and January 22, 2026 each vest 1/12th beginning on February 3 of the respective year, with each vested unit settling into one share of Netflix common stock.

Did the Netflix stock split affect the numbers in Gregory Peters’ Form 4?

Yes. The filing notes that holdings were adjusted for a ten-for-one forward split of Netflix common stock effective after market close on November 14, 2025. The reported share and RSU amounts already reflect this post-split adjustment for Gregory Peters’ positions.