STOCK TITAN
  1. Home
  2. Sec-filings
  3. NFLX
  4. [Form 4] NETFLIX INC Insider Trading Activity

Netflix Inc (NFLX) legal chief sells 5,723 shares as 11,400 RSUs vest

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Netflix Inc Chief Legal Officer David A. Hyman reported RSU vesting and related share transactions. On August 3, 2026, 11,400 restricted stock units converted into the same number of common shares, with 5,677 shares withheld at $71.71 to satisfy tax obligations. On August 4, 2026, he sold 5,723 common shares at a weighted average price of $72.8463 per share in multiple trades within a $72.84–$72.86 range.

Positive

  • None.

Negative

  • None.

Insights

Analyzing...

Insider HYMAN DAVID A
Role Chief Legal Officer
Sold 5,723 shs ($417K)
Approx. gross sale proceeds $417K
Type Security Shares Price Value
Sale Common Stock F3 5,723 $72.8463 $417K
Exercise Restricted Stock Units F4, F5 5,440 $0.00 $0.00
Exercise Restricted Stock Units F4, F6 3,020 $0.00 $0.00
Exercise Restricted Stock Units F4, F7 2,940 $0.00 $0.00
Exercise Common Stock F1 5,440 -- --
Exercise Common Stock F1 3,020 -- --
Exercise Common Stock F1 2,940 -- --
Tax Withholding Common Stock F2 2,709 $71.71 $194K
Tax Withholding Common Stock F2 1,504 $71.71 $108K
Tax Withholding Common Stock F2 1,464 $71.71 $105K
Holdings After Transaction: Restricted Stock Units — 47,044 shares (Direct); Common Stock — 316,100 shares (Direct)
Footnotes (7)
  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. This transaction was executed in multiple trades at prices ranging from $72.84 to $72.86. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
  4. F4. Each RSU represents a contingent right to receive one share of Netflix common stock.
  5. F5. On January 25, 2024, the Reporting Person was granted 65,240 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).
  6. F6. On January 23, 2025, the Reporting Person was granted 36,340 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).
  7. F7. On January 22, 2026, the Reporting Person was granted 35,272 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, 2026 (or, to the extent it is not a trading day, the first trading day thereafter).
Shares sold 5,723 shares Open-market or private sale of common stock on August 4, 2026
Sale price $72.8463 per share Weighted average sale price for 5,723 shares, trades between $72.84 and $72.86
RSUs converted 11,400 shares Total restricted stock units converting into common stock on August 3, 2026
Shares withheld for taxes 5,677 shares Common shares withheld to satisfy tax obligations from RSU vesting at $71.71 per share
2024 RSU grant 65,240 RSUs Granted January 25, 2024; 1/12th vests quarterly beginning February 3, 2024
2025 RSU grant 36,340 RSUs Granted January 23, 2025; 1/12th vests quarterly beginning February 3, 2025
2026 RSU grant 35,272 RSUs Granted January 22, 2026; 1/12th vests quarterly beginning February 3, 2026
Restricted Stock Units financial
"Reflects restricted stock units (RSUs) that following vesting, settled in shares"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"Shares withheld to satisfy tax withholding obligations arising out of the vesting"
weighted average sale price financial
"The price reported above reflects the weighted average sale price."
contingent right financial
"Each RSU represents a contingent right to receive one share of Netflix"

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

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
Form 4 Insider Transactions: What Each Field Means →

FAQ

What insider transactions did Netflix (NFLX) report for David A. Hyman?
Netflix reported that David A. Hyman had 11,400 RSUs vest into common shares, with related tax withholding and an open-market sale. He withheld 5,677 shares for taxes and sold 5,723 shares the next day at a weighted average price of $72.8463.

What RSU vesting activity occurred for Netflix (NFLX) on August 3, 2026?
On August 3, 2026, a total of 11,400 restricted stock units vested into an equal number of Netflix common shares. These RSUs came from grants made in 2024, 2025, and 2026, each scheduled to vest in 1/12th increments on a quarterly basis.

Were shares withheld for taxes in this Netflix (NFLX) Form 4?
Yes. Netflix disclosed that 5,677 common shares were withheld to satisfy tax withholding obligations from RSU vesting. These dispositions were reported with transaction code F at a reference price of $71.71 per share, reflecting tax-related share withholding.

What RSU grants to David A. Hyman does Netflix (NFLX) describe?
Netflix details RSU grants of 65,240 units on January 25, 2024, 36,340 units on January 23, 2025, and 35,272 units on January 22, 2026. Each grant vests 1/12th quarterly, beginning around February 3 following the respective grant year.
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*
HYMAN DAVID A
(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Legal Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/03/2026		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
Common Stock08/03/2026M5,440A(1)321,540D
Common Stock08/03/2026M3,020A(1)324,560D
Common Stock08/03/2026M2,940A(1)327,500D
Common Stock08/03/2026F2,709(2)D$71.71324,791D
Common Stock08/03/2026F1,504(2)D$71.71323,287D
Common Stock08/03/2026F1,464(2)D$71.71321,823D
Common Stock08/04/2026S5,723D$72.8463(3)316,100D
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
Restricted Stock Units(4)08/03/2026M5,440 (5) (5)Common Stock5,440$05,440D
Restricted Stock Units(4)08/03/2026M3,020 (6) (6)Common Stock3,020$015,150D
Restricted Stock Units(4)08/03/2026M2,940 (7) (7)Common Stock2,940$026,454D
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. This transaction was executed in multiple trades at prices ranging from $72.84 to $72.86. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
4. Each RSU represents a contingent right to receive one share of Netflix common stock.
5. On January 25, 2024, the Reporting Person was granted 65,240 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).
6. On January 23, 2025, the Reporting Person was granted 36,340 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).
7. On January 22, 2026, the Reporting Person was granted 35,272 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, 2026 (or, to the extent it is not a trading day, the first trading day thereafter).
Remarks:
By: Veronique Bourdeau, Authorized Signatory For: David A. Hyman08/04/2026
** 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)

Source: View Original Filing on SEC EDGAR