Netflix Co-CEO Peters Form 4: 2,027-share sale, 567 gift

Netflix (NFLX) insider activity: Co‑CEO Gregory K. Peters filed a Form 4 detailing routine equity events.

Accepted by SEC EDGAR 11/05/2025 - 09:43 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Netflix (NFLX) insider activity: Co‑CEO Gregory K. Peters filed a Form 4 detailing routine equity events. On 11/03/2025, 2,593 and 1,444 RSUs vested into common stock. To cover taxes, 1,291 and 719 shares were withheld at $1,118.86. On 11/04/2025, he sold 2,027 shares at $1,095.68 and made a gift of 567 shares at $0. After these transactions, he directly owned 12,214 shares.

Insights

Securities law analyst

Routine Form 4 with RSU vesting, tax withholdings, sale, and gift.

Gregory K. Peters reported RSU conversions of 2,593 and 1,444 shares, standard tax withholding of 1,291 and 719 shares at $1,118.86, a sale of 2,027 shares at $1,095.68, and a gift of 567 shares.

These actions are consistent with scheduled RSU vesting mechanics and personal portfolio moves. The filing lists his direct holdings at 12,214 shares after the transactions.

Actual market impact depends on the small relative size of the sale and holder decisions; the filing provides transaction dates of 11/03/2025 and 11/04/2025.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 8 txns

Insider Peters Gregory K

Role Co-CEO

Sold 2,027 shs ($2.22M)

Approx. gross sale proceeds $2.22M

Approx. exercise cost $0.00

Type	Security	Shares	Price	Value
Sale	Common Stock	2,027	$1,095.68	$2.22M
Gift	Common Stock	567	$0.00	$0.00
Exercise	Restricted Stock Units	2,593	$0.00	$0.00
Exercise	Restricted Stock Units	1,444	$0.00	$0.00
Exercise	Common Stock	2,593	$0.00	$0.00
Exercise	Common Stock	1,444	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	1,291	$1,118.86	$1.44M
Exercise Price or Tax Liability	Common Stock	719	$1,118.86	$804K

Holdings After Transaction: Restricted Stock Units — 21,925 contracts (Direct); Common Stock — 12,214 shares (Direct)

Footnotes (5)

1. F1. Reflects restricted stock units (RSUs) that following vesting, settled in shares of Netflix common stock on a one-for-one basis.
2. F2. Shares withheld to satisfy tax withholding obligations arising out of the vesting of RSUs.
3. F3. Each RSU represents a contingent right to receive one share of Netflix common stock.
4. F4. On January 25, 2024, the Reporting Person was granted 31,112 RSUs. Subject to the terms and conditions of the underlying award agreement, 1/12th of the RSUs vest on a quarterly basis beginning on February 3, 2024 (or, to the extent it is not a trading day, the first trading day thereafter).
5. F5. On January 23, 2025, the Reporting Person was granted 17,330 RSUs. Subject to the terms and conditions of the underlying award agreement, 1/12th of the RSUs vest on a quarterly basis beginning on February 3, 2025 (or, to the extent it is not a trading day, the first trading day thereafter).

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did NFLX Co-CEO Gregory K. Peters report on Form 4?

He reported RSU vesting (2,593 and 1,444 shares), tax withholdings (1,291 and 719 at $1,118.86), a sale of 2,027 shares at $1,095.68, and a gift of 567 shares.

When did the reported NFLX transactions occur?

RSU vesting and withholdings occurred on 11/03/2025; the sale and gift occurred on 11/04/2025.

How many NFLX shares does Gregory K. Peters hold after the transactions?

He directly owns 12,214 shares following the reported transactions.

What were the prices associated with NFLX transactions?

Tax withholdings were priced at $1,118.86 per share; the sale price was $1,095.68 per share; the gift is listed at $0.

What caused the share withholdings in the NFLX Form 4?

Shares were withheld to satisfy tax obligations arising from the vesting of RSUs, per the filing’s explanation.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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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^*

Peters Gregory K

(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
X	Officer (give title below)		Other (specify below)
	Co-CEO

3. Date of Earliest Transaction (Month/Day/Year)
11/03/2025

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	11/03/2025		M		2,593	A	(1)	15,374	D
Common Stock	11/03/2025		M		1,444	A	(1)	16,818	D
Common Stock	11/03/2025		F		1,291(2)	D	$1,118.86	15,527	D
Common Stock	11/03/2025		F		719(2)	D	$1,118.86	14,808	D
Common Stock	11/04/2025		S		2,027	D	$1,095.68	12,781	D
Common Stock	11/04/2025		G		567	D	$0	12,214	D

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
Restricted Stock Units	(3)	11/03/2025		M			2,593	(4)	(4)	Common Stock	2,593	$0	10,371	D
Restricted Stock Units	(3)	11/03/2025		M			1,444	(5)	(5)	Common Stock	1,444	$0	11,554	D

Explanation of Responses:

1. Reflects restricted stock units (RSUs) that following vesting, settled in shares of Netflix common stock on a one-for-one basis.

2. Shares withheld to satisfy tax withholding obligations arising out of the vesting of RSUs.

3. Each RSU represents a contingent right to receive one share of Netflix common stock.

4. On January 25, 2024, the Reporting Person was granted 31,112 RSUs. Subject to the terms and conditions of the underlying award agreement, 1/12th of the RSUs vest on a quarterly basis beginning on February 3, 2024 (or, to the extent it is not a trading day, the first trading day thereafter).

5. On January 23, 2025, the Reporting Person was granted 17,330 RSUs. Subject to the terms and conditions of the underlying award agreement, 1/12th of the RSUs vest on a quarterly basis beginning on February 3, 2025 (or, to the extent it is not a trading day, the first trading day thereafter).

Remarks:

	By: Veronique Bourdeau, Authorized Signatory For: Gregory K. Peters	11/05/2025
	** 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.