Netflix (NFLX) Director Bradford L. Smith Exercises 54 Shares

Bradford L. Smith, a director of Netflix, Inc. (NFLX), reported on a Form 4 that he exercised a non-qualified stock option on 10/01/2025, acquiring 54 shares of Netflix common stock.

Accepted by SEC EDGAR 10/02/2025 - 08:04 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Bradford L. Smith, a director of Netflix, Inc. (NFLX), reported on a Form 4 that he exercised a non-qualified stock option on 10/01/2025, acquiring 54 shares of Netflix common stock. The exercise shows a conversion/exercise price listed as $1,170.9. Following the transaction, Mr. Smith beneficially owns 54 shares, held directly. The Form 4 filing was signed by an authorized signatory on 10/02/2025.

Positive

• 54 shares acquired via exercise of a non-qualified stock option on 10/01/2025
• Direct beneficial ownership of 54 shares reported following the transaction
• Transaction explicitly disclosed on Form 4 and signed on 10/02/2025

Negative

• None.

Insights

Corporate Insider / Governance

Director exercised options to acquire 54 Netflix shares on 10/01/2025.

The filing shows a non-qualified stock option exercise resulting in 54 shares acquired at a stated conversion/exercise price of $1,170.9. Ownership is reported as direct with 54 shares held after the transaction.

This is a routine Section 16 disclosure of insider trading activity required by the Securities Exchange Act; it documents the timing, instrument type, and exact share count without indicating further compensatory or contractual terms.

Insider Trade Summary

Grant/Award: 54 shares

Grant/Award 1 txn

Insider SMITH BRADFORD L

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Non-Qualified Stock Option (right to buy)	54	$0.00	$0.00

Holdings After Transaction: Non-Qualified Stock Option (right to buy) — 54 contracts (Direct)

FAQ

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

What did Bradford L. Smith report on the Form 4 for NFLX?

He reported exercising a non-qualified stock option on 10/01/2025, acquiring 54 shares of Netflix common stock.

How many Netflix shares does Bradford L. Smith beneficially own after the transaction?

The Form 4 reports 54 shares of common stock beneficially owned directly after the reported transaction.

What was the exercise price noted on the Form 4?

The Form 4 lists a conversion/exercise price of $1,170.9 for the option exercised.

When was the Form 4 signed and filed?

The signature by an authorized signatory for Bradford L. Smith is dated 10/02/2025.

What type of filing is this and why is it required?

This is a Form 4 (Statement of Changes in Beneficial Ownership) filed under Section 16(a) to disclose insider transactions in company securities.

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

Form 4 Insider Transactions: What Each Field Means →

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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).

1. Name and Address of Reporting Person^*

SMITH BRADFORD L

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
10/01/2025

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)
			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)	$1,170.9	10/01/2025		A		54		10/01/2025	10/01/2035	Common Stock	54	$0	54	D

Explanation of Responses:

Remarks:

	By: Veronique Bourdeau, Authorized Signatory For: Bradford L. Smith	10/02/2025
	** 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.