Netflix executive reports RSU vesting and tax shares

Q: What insider activity did Netflix (NFLX) report for Cletus R. Willems?

Cletus R. Willems reported 6,157 RSUs vesting into the same number of Netflix common shares. These shares arose from previously granted RSU awards that vest quarterly under their award agreements as part of his executive compensation package.

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

A total of 3,021 shares of Netflix common stock were withheld to cover tax obligations. The withholding transactions used a per-share value of $71.71, and are reported with transaction code F as payment of tax liability in shares.

Q: What RSU grants underlie the reported transactions for Netflix (NFLX)?

The activity relates to RSU grants of 37,910, 16,110 and 18,450 units. Each grant vests in specified fractional installments (1/12th or 1/11th) on a quarterly basis, beginning in May 2025 or February 2026 depending on the grant.

Q: Were the Netflix (NFLX) insider transactions open-market buys or sells?

The report shows RSU vesting and tax withholding, not open-market trades. Common shares were acquired upon RSU settlement, and a portion of those shares was disposed of solely to satisfy tax withholding obligations, using a per-share value of $71.71.

Q: What role does Cletus R. Willems hold at Netflix (NFLX) in this report?

Cletus R. Willems is identified as Chief Global Affairs Officer of Netflix. The reported transactions reflect equity compensation tied to this executive role, including scheduled RSU vesting and associated tax share withholding on August 3, 2026.

Netflix Inc. Chief Global Affairs Officer Cletus R. Willems reported equity compensation activity on August 3, 2026.

Accepted by SEC EDGAR 08/04/2026 - 05:20 PM EDT

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Form Type

Rhea-AI Filing Summary

Netflix Inc. Chief Global Affairs Officer Cletus R. Willems reported equity compensation activity on August 3, 2026. In total, 6,157 restricted stock units vested and settled into the same number of common shares. To satisfy tax obligations, 3,021 shares were withheld at $71.71 per share. The vested RSUs come from prior grants of 37,910, 16,110 and 18,450 RSUs that vest on a scheduled quarterly basis.

Insider Trade Summary

6,157 shares exercised/converted

Exercise 9 txns

Insider Willems Cletus R

Role Chief Global Affairs Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units ^{F3, F4}	3,160	$0.00	$0.00
Exercise	Restricted Stock Units ^{F3, F5}	1,460	$0.00	$0.00
Exercise	Restricted Stock Units ^{F3, F6}	1,537	$0.00	$0.00
Exercise	Common Stock ^F1	3,160	--	--
Exercise	Common Stock ^F1	1,460	--	--
Exercise	Common Stock ^F1	1,537	--	--
Tax Withholding	Common Stock ^F2	1,550	$71.71	$111K
Tax Withholding	Common Stock ^F2	717	$71.71	$51K
Tax Withholding	Common Stock ^F2	754	$71.71	$54K

Holdings After Transaction: Restricted Stock Units — 40,128 contracts (Direct); Common Stock — 6,277 shares (Direct)

Footnotes (6)

F1. Reflects restricted stock units (RSUs) that following vesting, settled in shares of Netflix common stock on a one-for-one basis.
F2. Shares withheld to satisfy tax withholding obligations arising out of the vesting of RSUs.
F3. Each RSU represents a contingent right to receive one share of Netflix common stock.
F4. On April 28, 2025, the Reporting Person was granted 37,910 RSUs. Subject to the terms and conditions of the underlying award agreements, 1/12th of the RSUs will vest on a quarterly basis beginning on May 3, 2025 (or, to the extent it is not a trading day, the first trading day thereafter).
F5. On April 28, 2025, the Reporting Person was granted 16,110 RSUs. Subject to the terms and conditions of the underlying award agreements, 1/11th of the RSUs will vest on a quarterly basis beginning on May 3, 2025 (or, to the extent it is not a trading day, the first trading day thereafter).
F6. On January 22, 2026, the Reporting Person was granted 18,450 RSUs. Subject to the terms and conditions of the underlying award agreements, 1/12th of the RSUs will 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).

Key Figures

RSUs Vested and Settled: 6,157 units Shares Withheld for Taxes: 3,021 shares Tax Withholding Price: $71.71 per share +4 more

7 metrics

RSUs Vested and Settled 6,157 units Restricted stock units vested and settled into common shares on August 3, 2026

Shares Withheld for Taxes 3,021 shares Common shares withheld to satisfy tax withholding obligations on RSU vesting

Tax Withholding Price $71.71 per share Per-share value used for tax withholding dispositions (code F) of common stock

RSU Grant Size 1 37,910 RSUs Grant dated April 28, 2025, vesting 1/12th quarterly beginning May 3, 2025

RSU Grant Size 2 16,110 RSUs Grant dated April 28, 2025, vesting 1/11th quarterly beginning May 3, 2025

RSU Grant Size 3 18,450 RSUs Grant dated January 22, 2026, vesting 1/12th quarterly beginning February 3, 2026

Derivative Exercises 3 transactions, 6,157 units Code M exercises or conversions of RSUs into common stock

Key Terms

Restricted Stock Units, vesting, tax withholding obligations, contingent right

4 terms

Restricted Stock Units financial

"Reflects restricted stock units (RSUs) that following vesting, settled in shares"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

vesting financial

"RSUs will vest on a quarterly basis beginning on May 3, 2025"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

tax withholding obligations financial

"Shares withheld to satisfy tax withholding obligations arising out of the vesting"

contingent right financial

"Each RSU represents a contingent right to receive one share of Netflix common"

FAQ

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

What insider activity did Netflix (NFLX) report for Cletus R. Willems?

Cletus R. Willems reported 6,157 RSUs vesting into the same number of Netflix common shares. These shares arose from previously granted RSU awards that vest quarterly under their award agreements as part of his executive compensation package.

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

A total of 3,021 shares of Netflix common stock were withheld to cover tax obligations. The withholding transactions used a per-share value of $71.71, and are reported with transaction code F as payment of tax liability in shares.

What RSU grants underlie the reported transactions for Netflix (NFLX)?

The activity relates to RSU grants of 37,910, 16,110 and 18,450 units. Each grant vests in specified fractional installments (1/12th or 1/11th) on a quarterly basis, beginning in May 2025 or February 2026 depending on the grant.

Were the Netflix (NFLX) insider transactions open-market buys or sells?

The report shows RSU vesting and tax withholding, not open-market trades. Common shares were acquired upon RSU settlement, and a portion of those shares was disposed of solely to satisfy tax withholding obligations, using a per-share value of $71.71.

What role does Cletus R. Willems hold at Netflix (NFLX) in this report?

Cletus R. Willems is identified as Chief Global Affairs Officer of Netflix. The reported transactions reflect equity compensation tied to this executive role, including scheduled RSU vesting and associated tax share withholding on August 3, 2026.

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

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

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^*

Willems Cletus R

(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 Global Affairs Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/03/2026

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)
Common Stock	08/03/2026		M		3,160	A	⁽¹⁾	6,301	D
Common Stock	08/03/2026		M		1,460	A	⁽¹⁾	7,761	D
Common Stock	08/03/2026		M		1,537	A	⁽¹⁾	9,298	D
Common Stock	08/03/2026		F		1,550⁽²⁾	D	$71.71	7,748	D
Common Stock	08/03/2026		F		717⁽²⁾	D	$71.71	7,031	D
Common Stock	08/03/2026		F		754⁽²⁾	D	$71.71	6,277	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⁾	08/03/2026		M			3,160	⁽⁴⁾	⁽⁴⁾	Common Stock	3,160	$0	18,960	D
Restricted Stock Units	⁽³⁾	08/03/2026		M			1,460	⁽⁵⁾	⁽⁵⁾	Common Stock	1,460	$0	7,330	D
Restricted Stock Units	⁽³⁾	08/03/2026		M			1,537	⁽⁶⁾	⁽⁶⁾	Common Stock	1,537	$0	13,838	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 April 28, 2025, the Reporting Person was granted 37,910 RSUs. Subject to the terms and conditions of the underlying award agreements, 1/12th of the RSUs will vest on a quarterly basis beginning on May 3, 2025 (or, to the extent it is not a trading day, the first trading day thereafter).

5. On April 28, 2025, the Reporting Person was granted 16,110 RSUs. Subject to the terms and conditions of the underlying award agreements, 1/11th of the RSUs will vest on a quarterly basis beginning on May 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 18,450 RSUs. Subject to the terms and conditions of the underlying award agreements, 1/12th of the RSUs will 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:

	By: Veronique Bourdeau, Authorized Signatory For: Cletus R Willems	08/04/2026
	** 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