Netflix (NFLX) director Elinor Mertz receives grant of 654 stock options

Rhea-AI Filing Summary

NETFLIX INC director Elinor Mertz received a new stock option grant. On April 1, 2026, she was granted a non-qualified stock option to acquire 654 shares of Netflix common stock at an exercise price of $95.55 per share, expiring on April 1, 2036. This is a compensation-related award, not an open-market purchase or sale, and it brings her directly held option position reported in this filing to 654 derivative shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Mertz Elinor

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Non-Qualified Stock Option (right to buy)	654	$0.00	--

Holdings After Transaction: Non-Qualified Stock Option (right to buy) — 654 shares (Direct)

Footnotes (1)

Key Figures

Options granted: 654 shares Exercise price: $95.55 per share Expiration date: April 1, 2036 +1 more

4 metrics

Options granted 654 shares Non-qualified stock option grant on April 1, 2026

Exercise price $95.55 per share Conversion or exercise price of new options

Expiration date April 1, 2036 Option term for 654 non-qualified stock options

Total derivative shares held 654 shares Total options following the reported grant

Key Terms

Non-Qualified Stock Option, grant/award acquisition, transaction code A, underlying security

4 terms

Non-Qualified Stock Option financial

"security_title: "Non-Qualified Stock Option (right to buy)""

A non-qualified stock option (NSO) is a contract that lets an employee or service provider buy company shares at a fixed price for a set period, like a voucher to purchase stock later at today’s price. It matters to investors because exercising NSOs creates ordinary income for the holder and can increase share count, affecting a company’s earnings and ownership mix; think of it as a future sale that can dilute existing shareholders and has immediate tax consequences for the recipient.

grant/award acquisition financial

"transaction_action: "grant/award acquisition""

transaction code A financial

"transaction_code_description: "Grant, award, or other acquisition""

underlying security financial

"underlying_security_title: "Common Stock""

Form 4 Insider Transactions: What Each Field Means →

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^*

Mertz Elinor

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

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)
			Code	V	Amount	(A) or (D)	Price

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
Non-Qualified Stock Option (right to buy)	$95.55	04/01/2026		A		654		04/01/2026	04/01/2036	Common Stock	654	$0	654	D

Explanation of Responses:

Remarks:

	By: Veronique Bourdeau, Authorized Signatory For: Elinor Mertz	04/02/2026
	** 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)

FAQ

What insider transaction did Netflix (NFLX) director Elinor Mertz report?

Director Elinor Mertz reported receiving a grant of non-qualified stock options for 654 shares of Netflix common stock. The options were awarded as compensation, not bought on the open market, and give her the right to purchase shares at a fixed exercise price.

How many Netflix (NFLX) shares are covered by Elinor Mertz’s new stock options?

The new grant covers options on 654 shares of Netflix common stock. These options represent the right, but not the obligation, to purchase that number of shares if she chooses to exercise them in the future.

What is the exercise price of Elinor Mertz’s Netflix (NFLX) stock options?

The stock options granted to Elinor Mertz have an exercise price of $95.55 per share. This means she can buy Netflix common shares at $95.55 each if she exercises the non-qualified stock options during their term.

When do Elinor Mertz’s Netflix (NFLX) stock options expire?

Elinor Mertz’s non-qualified stock options expire on April 1, 2036. She must exercise the options before that expiration date to purchase the 654 underlying Netflix common shares at the stated exercise price of $95.55.

Is Elinor Mertz’s Form 4 transaction a buy or a sale of Netflix (NFLX) stock?

The Form 4 transaction is an acquisition of derivative securities through a grant, not a market buy or sale. She received 654 non-qualified stock options as a compensation-related award, with no open-market purchase or sale of Netflix common shares reported.