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Netflix (NFLX) director Elinor Mertz receives 728-share non-qualified option grant

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

NETFLIX INC director Elinor Mertz received a new stock option grant. On June 1, 2026, she was granted non-qualified options covering 728 shares of Netflix common stock at an exercise price of $85.85 per share. These options expire on June 1, 2036, and she now holds 728 such options directly.

Positive

  • None.

Negative

  • None.
Insider Mertz Elinor
Role null
Type Security Shares Price Value
Grant/Award Non-Qualified Stock Option (right to buy) 728 $0.00 --
Holdings After Transaction: Non-Qualified Stock Option (right to buy) — 728 shares (Direct, null)
Footnotes (1)
Options granted 728 options Non-qualified stock option grant on June 1, 2026
Exercise price $85.85 per share Conversion or exercise price for the granted options
Expiration date June 1, 2036 Option expiration for the 728 non-qualified options
Options held after grant 728 options Total derivative holdings following the reported transaction
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.
exercise price financial
"conversion_or_exercise_price: "85.8500""
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
underlying security financial
"underlying_security_title: "Common Stock""
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SEC Form 4
FORM 4UNITED 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*
Mertz Elinor

(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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Non-Qualified Stock Option (right to buy)$85.8506/01/2026A72806/01/202606/01/2036Common Stock728$0728D
Explanation of Responses:
Remarks:
By: Veronique Bourdeau, Authorized Signatory For: Elinor Mertz06/02/2026
** Signature of Reporting PersonDate
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 Elinor Mertz report in this Form 4?

Elinor Mertz reported receiving a grant of non-qualified stock options for 728 Netflix shares. The options were awarded at an exercise price of $85.85 per share and are held directly as part of her director compensation package.

How many Netflix (NFLX) options did Elinor Mertz receive and at what price?

Elinor Mertz received non-qualified stock options on 728 underlying Netflix common shares. The options have an exercise price of $85.85 per share, meaning she can buy shares at that price if and when the options become exercisable and are exercised.

When do Elinor Mertz’s newly granted Netflix (NFLX) options expire?

The granted non-qualified stock options expire on June 1, 2036. This long expiration period gives her an extended window to exercise the options, subject to any vesting and service conditions set by Netflix’s compensation plans.

Is this Netflix (NFLX) Form 4 a stock purchase or a compensation grant?

This Form 4 reflects a compensation-related grant, not an open-market stock purchase. Elinor Mertz received 728 non-qualified stock options with an exercise price of $85.85, consistent with typical equity awards given to company directors.

How many Netflix (NFLX) options does Elinor Mertz hold after this transaction?

Following this transaction, Elinor Mertz holds 728 non-qualified stock options directly. The filing shows this as her total derivative position after the grant, with each option tied to one underlying share of Netflix common stock.