Netflix (NASDAQ: NFLX) CAO receives non-qualified options on 881 shares

Rhea-AI Filing Summary

Netflix Inc.'s Chief Accounting Officer, Jeffrey William Karbowski, received a new stock option grant. On 02/02/2026, he was awarded a non-qualified stock option to buy 881 shares of Netflix common stock at an exercise price of $82.76 per share.

The option becomes exercisable on 02/02/2026 and expires on 02/02/2036. After this grant, he beneficially owns 881 derivative securities directly in the form of these options, which were granted at no cost to him.

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

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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^*

Karbowski Jeffrey William

(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)

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

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

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)	$82.76	02/02/2026		A		881		02/02/2026	02/02/2036	Common Stock	881	$0	881	D

Explanation of Responses:

Remarks:

	By: Veronique Bourdeau, Authorized Signatory For: Jeffrey Karbowski	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.

FAQ

What insider transaction did Netflix (NFLX) report for Jeffrey Karbowski?

Netflix reported that Chief Accounting Officer Jeffrey William Karbowski received a grant of non-qualified stock options for 881 shares on 02/02/2026. These options give him the right to buy Netflix common stock at $82.76 per share, expiring on 02/02/2036.

How many Netflix (NFLX) shares are covered by Jeffrey Karbowski’s new options?

The new non-qualified stock option grant covers 881 shares of Netflix common stock. This entire amount was acquired in a single transaction dated 02/02/2026, and represents his total reported derivative holdings following the transaction, all held directly.

What is the exercise price and term of the new Netflix (NFLX) stock options?

The non-qualified stock options granted to Jeffrey Karbowski have an exercise price of $82.76 per share. They became exercisable on 02/02/2026 and have an expiration date of 02/02/2036, giving a ten-year window to purchase the underlying Netflix shares.

Does Jeffrey Karbowski hold the Netflix (NFLX) stock options directly or indirectly?

The filing shows that Jeffrey William Karbowski holds the 881 non-qualified stock options directly. The ownership form is marked as “D” for direct, and there is no disclosed nature of indirect beneficial ownership or related-entity attribution in this transaction.

What type of derivative security was granted to Netflix (NFLX) executive Jeffrey Karbowski?

He received a non-qualified stock option, described as a right to buy Netflix common stock. This derivative security allows him to purchase up to 881 shares at $82.76 per share between 02/02/2026 and the expiration date of 02/02/2036.

Did Jeffrey Karbowski pay anything for the new Netflix (NFLX) stock option grant?

The reported transaction price per derivative security is $0.00, indicating the options were granted without a purchase price. Economic value arises if Netflix’s market price exceeds the $82.76 exercise price during the option’s term before it expires on 02/02/2036.