Netflix director Barton sells 720 shares at $77.60

Netflix director Richard N. Barton exercised options and sold 720 shares on September 8, 2026 under a pre-arranged Rule 10b5-1 trading plan.

Rhea-AI Filing Summary

NETFLIX INC (NFLX) director Richard N. Barton reported an option exercise and share sale on September 8, 2026. He exercised options covering 720 shares of common stock at an exercise price of $20.107 per share, receiving 720 shares, then sold 720 shares of common stock at $77.60 per share. The option exercise relates to an award originally exercisable from January 2, 2018 and expiring January 2, 2028, with 230 option shares remaining after the transaction.

The transactions were made pursuant to a Rule 10b5-1 trading plan adopted by Mr. Barton on May 4, 2026. Separately, a holdings entry shows 800 shares of Netflix common stock held indirectly through Barton Ventures II, LLC, where Mr. Barton is the sole managing member and disclaims beneficial ownership except to the extent of his pecuniary interest.

Insider Trade Summary 10b5-1

Exercise and Sale: 720 shares ($41K approx. pre-tax spread)

Exercise and Sale 4 txns

Insider BARTON RICHARD N

Role Director

Sold 720 shs ($56K)

Approx. gross sale proceeds $56K

Approx. exercise cost $14K

Approx. pre-tax spread $41K

Type	Security	Shares	Price	Value
Exercise	Non-Qualified Stock Option (right to buy) F1	720	$0.00	$0.00
Exercise	Common Stock F1	720	$20.107	$14K
Sale	Common Stock F1, F2	720	$77.60	$56K
holding	Common Stock F2, F3	--	--	--

Holdings After Transaction: Non-Qualified Stock Option (right to buy) — 230 contracts (Direct); Common Stock — 2,460 shares (Direct); Common Stock — 800 shares (Indirect, Barton Ventures II, LLC)

Footnotes (3)

1. F1. Transaction made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 5/4/2026.
2. F2. This total amount corrects an administrative error in the total amount reported in a previous filing filed on August 6, 2026, which did not reflect a ten-for-one forward split of the Issuer's common stock effective after market close on November 14, 2025. No reportable transaction was omitted in the prior filing.
3. F3. Mr. Barton is the sole managing member of Barton Ventures II, LLC. Mr. Barton may be deemed to beneficially own the shares held by Barton Ventures II, LLC but disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

Key Figures

Options exercised: 720 shares Option exercise price: $20.107 per share Shares sold: 720 shares +5 more

8 metrics

Options exercised 720 shares Non-qualified stock option for Netflix common stock exercised on September 8, 2026

Option exercise price $20.107 per share Exercise price for the 720 Netflix option shares exercised on September 8, 2026

Shares sold 720 shares Netflix common stock sold on September 8, 2026 following the option exercise

Sale price $77.60 per share Per-share price reported for the 720 Netflix common shares sold on September 8, 2026

Options remaining 230 shares Remaining shares subject to the reported non-qualified stock option after the exercise

Indirectly held shares 800 shares Netflix common stock held indirectly through Barton Ventures II, LLC as of the reported date

Option term January 2, 2018 to January 2, 2028 Period from initial exercise date to expiration for the reported non-qualified stock option

Trading plan adoption date May 4, 2026 Date Richard N. Barton adopted the Rule 10b5-1 trading plan covering these transactions

Key Terms

Rule 10b5-1 trading plan, ten-for-one forward split, beneficially own, pecuniary interest

4 terms

Rule 10b5-1 trading plan regulatory

"Transaction made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person"

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

ten-for-one forward split financial

"did not reflect a ten-for-one forward split of the Issuer's common stock"

beneficially own financial

"Mr. Barton may be deemed to beneficially own the shares held by Barton Ventures II, LLC"

Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.

pecuniary interest financial

"disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein"

FAQ

What did Netflix (NFLX) director Richard N. Barton report on this Form 4?

He reported exercising options for 720 shares of Netflix common stock at $20.107 per share on September 8, 2026 and selling 720 shares of common stock at $77.60 per share on the same date, all as part of one option exercise-and-sale sequence.

Was Richard N. Barton's Netflix (NFLX) trade under a Rule 10b5-1 plan?

Yes. A footnote states the transactions were made pursuant to a Rule 10b5-1 trading plan adopted by Richard N. Barton on May 4, 2026, indicating the trades followed a pre-arranged schedule rather than discretionary timing.

What options did Richard N. Barton exercise in this Netflix (NFLX) filing?

He exercised a non-qualified stock option for 720 shares of Netflix common stock at an exercise price of $20.107 per share. The option became exercisable on January 2, 2018 and has an expiration date of January 2, 2028, with 230 option shares reported remaining after the exercise.

How many Netflix (NFLX) shares did Richard N. Barton sell and at what price?

He sold 720 shares of Netflix common stock on September 8, 2026 at a reported price of $77.60 per share. The filing characterizes this as a sale of common stock in the market or a private transaction, linked to the same date as the option exercise.

What indirect Netflix (NFLX) holdings are associated with Richard N. Barton?

A holdings entry lists 800 shares of Netflix common stock held indirectly through Barton Ventures II, LLC. A footnote explains Mr. Barton is the sole managing member and may be deemed to beneficially own those shares but disclaims ownership except for his pecuniary interest in them.

Did this Netflix (NFLX) Form 4 correct any prior share totals?

Yes. One footnote states that a total amount in a previous filing dated August 6, 2026 is being corrected because it did not reflect a ten-for-one forward split of Netflix common stock that became effective after market close on November 14, 2025, noting no reportable transaction was omitted.

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Available on EDGAR 09/09/2026 - 04:09 PM Accepted by SEC EDGAR 09/09/2026 - 04:08 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^*

BARTON RICHARD N

(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)
09/08/2026

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
Common Stock	09/08/2026		M		720(1)	A	$20.107	3,180	D
Common Stock	09/08/2026		S		720(1)	D	$77.6	2,460(2)	D
Common Stock								800(2)(3)	I	Barton Ventures II, LLC

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)	$20.107	09/08/2026		M			720(1)	01/02/2018	01/02/2028	Common Stock	720	$0	230	D

Explanation of Responses:

1. Transaction made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 5/4/2026.

2. This total amount corrects an administrative error in the total amount reported in a previous filing filed on August 6, 2026, which did not reflect a ten-for-one forward split of the Issuer's common stock effective after market close on November 14, 2025. No reportable transaction was omitted in the prior filing.

3. Mr. Barton is the sole managing member of Barton Ventures II, LLC. Mr. Barton may be deemed to beneficially own the shares held by Barton Ventures II, LLC but disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

Remarks:

	By: Veronique Bourdeau, Authorized Signatory For: Richard N. Barton	09/09/2026
	** 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)