[Form 4] NETFLIX INC Insider Trading Activity

Netflix director Reed Hastings reported option exercises and share sales in Netflix common stock.

Rhea-AI Filing Summary

Netflix director Reed Hastings reported option exercises and share sales in Netflix common stock. On February 2, 2026, he exercised 390,970 non-qualified stock options at an exercise price of $10.151 per share and acquired the same number of common shares.

That same day, he sold 247,756 shares at a weighted average price of $83.2223, 104,594 shares at $84.0947, and 38,620 shares at $84.9551, with each sale executed in multiple trades. The transactions were made under a Rule 10b5-1 trading plan adopted on August 8, 2023.

Following these trades, Hastings held 3,940 shares directly and 21,401,520 shares indirectly as trustee of the Hastings-Quillin Family Trust. He also received a new grant of 756 non-qualified stock options with an exercise price of $82.76 expiring on February 2, 2036.

Insider Trade Summary

Exercise and Sale: 390,970 shares ($28.73M approx. pre-tax spread)

Exercise and Sale 7 txns

Insider HASTINGS REED

Role Director

Sold 390,970 shs ($32.70M)

Approx. gross sale proceeds $32.70M

Approx. exercise cost $3.97M

Approx. pre-tax spread $28.73M

Type	Security	Shares	Price	Value
Exercise	Non-Qualified Stock Option (right to buy)	390,970	$0.00	$0.00
Grant/Award	Non-Qualified Stock Option (right to buy)	756	$0.00	$0.00
Exercise	Common Stock	390,970	$10.151	$3.97M
Sale	Common Stock	247,756	$83.2223	$20.62M
Sale	Common Stock	104,594	$84.0947	$8.80M
Sale	Common Stock	38,620	$84.9551	$3.28M
holding	Common Stock	--	--	--

Holdings After Transaction: Non-Qualified Stock Option (right to buy) — 756 contracts (Direct); Common Stock — 3,940 shares (Direct); Common Stock — 21,401,520 shares (Indirect, by Trust)

Footnotes (5)

1. F1. Transaction made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 8/8/2023.
2. F2. This transaction was executed in multiple trades at prices ranging from $82.73 to $83.7249. 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. F3. This transaction was executed in multiple trades at prices ranging from $83.7257 to $84.7237. 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. F4. This transaction was executed in multiple trades at prices ranging from $84.7265 to $85.2555. 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. F5. As Trustee of the Hastings-Quillin Family Trust.

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Accepted by SEC EDGAR 02/03/2026 - 06:43 PM Learn about SEC filing dates

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).

X

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^*

HASTINGS REED

(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)
02/02/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/02/2026		M		390,970(1)	A	$10.151	394,910	D
Common Stock	02/02/2026		S		247,756(1)	D	$83.2223(2)	147,154	D
Common Stock	02/02/2026		S		104,594(1)	D	$84.0947(3)	42,560	D
Common Stock	02/02/2026		S		38,620(1)	D	$84.9551(4)	3,940	D
Common Stock								21,401,520(5)	I	by Trust

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)	$10.151	02/02/2026		M			390,970(1)	06/01/2016	06/01/2026	Common Stock	390,970	$0	0	D
Non-Qualified Stock Option (right to buy)	$82.76	02/02/2026		A		756		02/02/2026	02/02/2036	Common Stock	756	$0	756	D

Explanation of Responses:

1. Transaction made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 8/8/2023.

2. This transaction was executed in multiple trades at prices ranging from $82.73 to $83.7249. 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 $83.7257 to $84.7237. 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 $84.7265 to $85.2555. 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. As Trustee of the Hastings-Quillin Family Trust.

Remarks:

	Veronique Bourdeau, Authorized Signatory For: Reed Hastings	02/03/2026
	** 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.