Netflix director Barton sells 1,440 shares

Netflix director Richard N. Barton exercised options and sold 1,440 shares in pre-planned trades under a Rule 10b5-1 plan, while retaining an indirect interest in 800 shares.

Rhea-AI Filing Summary

NETFLIX INC (NFLX) director Richard N. Barton reported exercising stock options for a total of 1,440 shares of common stock on September 9–10, 2026, at exercise prices of $20.107 and $26.507 per share, then selling 720 shares on each day at prices of $76.26 and $75.27, respectively. These trades were made under a Rule 10b5-1 trading plan adopted on May 4, 2026. After the transactions, an additional 800 shares are reported as held indirectly through Barton Ventures II, LLC, with Barton disclaiming beneficial ownership except to the extent of his pecuniary interest.

Insider Trade Summary 10b5-1

Exercise and Sale: 1,440 shares ($72K approx. pre-tax spread)

Exercise and Sale 9 txns

Insider BARTON RICHARD N

Role Director

Sold 1,440 shs ($109K)

Approx. gross sale proceeds $109K

Approx. exercise cost $37K

Approx. pre-tax spread $72K

Type	Security	Shares	Price	Value
Exercise	Non-Qualified Stock Option (right to buy) F1	720	$0.00	$0.00
Exercise	Common Stock F1	720	$26.507	$19K
Sale	Common Stock F1	720	$75.27	$54K
Exercise	Non-Qualified Stock Option (right to buy) F1	230	$0.00	$0.00
Exercise	Non-Qualified Stock Option (right to buy) F1	490	$0.00	$0.00
Exercise	Common Stock F1	230	$20.107	$5K
Exercise	Common Stock F1	490	$26.507	$13K
Sale	Common Stock F1	720	$76.26	$55K
holding	Common Stock F2	--	--	--

Holdings After Transaction: Non-Qualified Stock Option (right to buy) — 1,150 contracts (Direct); Common Stock — 2,460 shares (Direct); Common Stock — 800 shares (Indirect, Barton Ventures II, LLC)

Footnotes (2)

1. F1. Transaction made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 5/4/2026.
2. F2. 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

Shares sold on September 9, 2026: 720 shares at $76.26 per share Shares sold on September 10, 2026: 720 shares at $75.27 per share Options exercised at $20.107: 230 shares at $20.107 per share +4 more

7 metrics

Shares sold on September 9, 2026 720 shares at $76.26 per share Sale of Netflix common stock reported for September 9, 2026

Shares sold on September 10, 2026 720 shares at $75.27 per share Sale of Netflix common stock reported for September 10, 2026

Options exercised at $20.107 230 shares at $20.107 per share Exercise of options into Netflix common stock on September 9, 2026

Options exercised at $26.507 on September 9, 2026 490 shares at $26.507 per share Exercise of options into Netflix common stock on September 9, 2026

Options exercised at $26.507 on September 10, 2026 720 shares at $26.507 per share Exercise of options into Netflix common stock on September 10, 2026

Indirectly held shares 800 shares Shares of Netflix common stock held indirectly through Barton Ventures II, LLC after the reported transactions

Rule 10b5-1 plan adoption date May 4, 2026 Date the trading plan governing these transactions was adopted

Key Terms

Rule 10b5-1 trading plan, Non-Qualified Stock Option, 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 on 5/4/2026."

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.

Non-Qualified Stock Option financial

"Non-Qualified Stock Option (right to buy) is reported as the derivative security."

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.

beneficially own regulatory

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

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

"He 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 in this Form 4?

He reported exercising options for 1,440 shares of Netflix common stock on September 9–10, 2026 and selling 720 shares on each of those dates at prices in the mid‑$70s per share, all under a Rule 10b5-1 trading plan.

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

He sold 720 shares of Netflix common stock on September 9, 2026 at $76.26 per share and 720 shares on September 10, 2026 at $75.27 per share, as reported in the Form 4.

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

He exercised options covering 230 shares at an exercise price of $20.107 per share and options covering 490 shares and 720 shares at an exercise price of $26.507 per share, with the underlying shares of Netflix common stock acquired on September 9–10, 2026.

Was Richard N. Barton’s trading in Netflix (NFLX) shares 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 were pre-arranged under that plan.

Does Richard N. Barton still have any indirect holdings of Netflix (NFLX) shares?

Yes. The filing reports 800 shares of Netflix common stock held indirectly through Barton Ventures II, LLC. Barton may be deemed to beneficially own these shares but disclaims beneficial ownership except to the extent of his pecuniary interest.

What is Richard N. Barton’s role at Netflix (NFLX) in this Form 4?

He is identified as a director of Netflix, Inc. in the ownership information associated with this Form 4 filing.

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Available on EDGAR 09/10/2026 - 08:05 PM Accepted by SEC EDGAR 09/10/2026 - 08:04 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)
09/09/2026

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	09/09/2026		M		230(1)	A	$20.107	2,690	D
Common Stock	09/09/2026		M		490(1)	A	$26.507	3,180	D
Common Stock	09/09/2026		S		720(1)	D	$76.26	2,460	D
Common Stock	09/10/2026		M		720(1)	A	$26.507	3,180	D
Common Stock	09/10/2026		S		720(1)	D	$75.27	2,460	D
Common Stock								800(2)	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	09/09/2026		M			230(1)	01/02/2018	01/02/2028	Common Stock	230	$0	0	D
Non-Qualified Stock Option (right to buy)	$26.507	09/09/2026		M			490(1)	02/01/2018	02/01/2028	Common Stock	490	$0	1,870	D
Non-Qualified Stock Option (right to buy)	$26.507	09/10/2026		M			720(1)	02/01/2018	02/01/2028	Common Stock	720	$0	1,150	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. 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	09/10/2026
	** 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)