Director at Netflix (NASDAQ: NFLX) granted 679 stock options

Rhea-AI Filing Summary

NETFLIX INC director Mathias Dopfner received a new stock option grant. The Form 4 shows a non-qualified stock option for 679 shares of Netflix common stock, granted at an exercise price of $92.06 per share. No cash changed hands at grant, and following this award his reported derivative holdings from this grant total 679 options, which are scheduled to expire on May 1, 2036.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Dopfner Mathias

Role null

Type	Security	Shares	Price	Value
Grant/Award	Non-Qualified Stock Option (right to buy)	679	$0.00	--

Holdings After Transaction: Non-Qualified Stock Option (right to buy) — 679 shares (Direct, null)

Footnotes (1)

Key Figures

Option grant size: 679 options Exercise price: $92.06 per share Underlying shares: 679 shares +2 more

5 metrics

Option grant size 679 options Non-qualified stock option grant on May 1, 2026

Exercise price $92.06 per share Conversion or exercise price for the option

Underlying shares 679 shares Netflix common stock covered by the option

Derivative holdings after grant 679 options Total derivative securities beneficially owned following transaction

Option expiration date May 1, 2036 Expiration of non-qualified stock option

Key Terms

Non-Qualified Stock Option, grant/award acquisition, derivative security, 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""

derivative security financial

"transaction_type: "derivative" and derivativeTransactionCount"

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

underlying security financial

"underlying_security_title: "Common Stock" and underlying_security_shares"

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^*

Dopfner Mathias

(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)
05/01/2026

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)	$92.06	05/01/2026		A		679		05/01/2026	05/01/2036	Common Stock	679	$0	679	D

Explanation of Responses:

Remarks:

	By: Veronique Bourdeau, Authorized Signatory For: Mathias Dopfner	05/04/2026
	** 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 did Netflix (NFLX) director Mathias Dopfner report in this Form 4?

He reported receiving a non-qualified stock option grant for 679 shares of Netflix common stock. The option was awarded as a compensation-related grant, not an open-market purchase, and is documented as a derivative acquisition on the Form 4.

How many Netflix (NFLX) shares are covered by Dopfner’s new option grant?

The option grant covers 679 underlying shares of Netflix common stock. This means he has the right to buy up to 679 shares under this award, subject to the grant’s terms and the stated exercise and expiration dates.

What is the exercise price of Mathias Dopfner’s Netflix (NFLX) stock option?

The option has an exercise price of $92.06 per share. This is the price at which he may purchase Netflix common stock under the grant, if and when the option becomes exercisable under its terms.

When does Mathias Dopfner’s new Netflix (NFLX) option expire?

The reported expiration date for the non-qualified stock option is May 1, 2036. After this date, any unexercised portion of the 679-share option would no longer be available to exercise under the terms disclosed in the filing.

Is Mathias Dopfner’s Netflix (NFLX) transaction a market buy or sell?

It is not a market buy or sell; it is a grant. The Form 4 classifies the transaction with code A, described as a grant, award, or other acquisition of a derivative security rather than an open-market purchase or sale of common shares.

How many derivative securities does Dopfner hold after this Netflix (NFLX) grant?

Following the reported transaction, total derivative securities from this grant are 679 options. The Form 4 shows 679 derivative securities beneficially owned after the transaction, corresponding to the full amount of the newly granted option award.