Netflix, Inc. filings document operating results, governance, capital structure and material corporate events for the streaming entertainment company. The records include 8-K material-event reports covering quarterly results, non-GAAP reconciliations, share-repurchase authorizations and material definitive agreements or terminations. Proxy materials address board structure, director elections, executive compensation, stockholder voting matters and governance policies.
Other disclosures describe capital structure, including common stock listed on the Nasdaq Global Select Market, unsecured revolving credit arrangements, risk factors and changes involving directors or officers.
Netflix, Inc. filed a report stating that on January 20, 2026 it announced financial results for the quarter ended December 31, 2025. The detailed figures and management discussion are provided in a Letter to Shareholders attached as Exhibit 99.1, which includes non‑GAAP financial measures alongside reconciliations to GAAP in tabular form.
The filing also highlights a proposed transaction between Netflix and Warner Bros. Discovery (WBD). WBD has filed a preliminary proxy statement for a stockholder vote and plans a registration statement for a new subsidiary, Discovery Global, to be spun off before closing the deal. Extensive forward‑looking statements outline risks and conditions, including required stockholder and regulatory approvals, integration challenges, potential litigation, changes in consumer viewing trends, and possible business disruptions during the transaction process.
Netflix and Warner Bros. Discovery (WBD) have amended their merger agreement to make the $27.75 per share consideration for WBD stockholders entirely in cash. The complex structure remains: WBD will first complete an internal spin-off of its Global Linear Networks business into a separate company distributed to WBD stockholders, while New Topco 25, Inc. will hold WBD’s streaming and studios business and then merge with a Netflix subsidiary to become a wholly owned Netflix unit.
The amended terms keep WBD’s board recommendation and closing conditions but adjust the capital structure. Netflix increased its committed bridge financing from $34,000,000,000 to $42,200,000,000 of senior unsecured bridge term loans to fund the all-cash merger and related costs. The deal preserves substantial termination fees, including a $2,800,000,000 company termination fee payable by WBD in certain circumstances and a $5,800,000,000 reverse termination fee payable by Netflix if regulatory approvals tied to antitrust or foreign laws are not obtained.
Netflix Inc. director Bradford L. Smith reported multiple option exercises and share sales in Netflix common stock. On January 15, 2026, he exercised five non-qualified stock option grants with exercise prices between $9.31 and $10.57, acquiring a total of 31,790 shares. That same day, he sold 31,790 shares of common stock in three transactions at weighted average prices of $88.2749, $89.1801, and $89.8567, with individual trades taking place within the price ranges disclosed in the notes. The activity was conducted under a Rule 10b5-1 trading plan adopted on February 10, 2025. After these transactions, Smith directly owned 79,690 Netflix shares, and the holdings reflect a ten-for-one forward stock split effective after market close on November 14, 2025.
David Hyman has filed a Form 144 indicating an intent to sell 23,439 shares of common stock through Merrill in Washington, DC on or about 01/16/2026 on the NASDAQ market. These shares were acquired from the issuer on 01/07/2026 via PSU vesting, with the same date listed for payment.
The notice reports that there are 4,237,323,340 shares of common stock outstanding. Over the prior three months, the same seller disposed of additional common shares, including 4,250 shares for gross proceeds of $462,491.38 and 310,370 shares for gross proceeds of $34,140,700. By signing, the seller represents they are not aware of undisclosed material adverse information about the issuer’s operations.
An insider of the issuer filed a Form 144 notice indicating an intention to sell up to 31,790 shares of common stock through Morgan Stanley Smith Barney LLC on the NASDAQ exchange. The filing lists an aggregate market value of $2,815,004.50 for these shares and notes that there are 423,732,334 shares of this class outstanding. The securities to be sold were acquired on January 15, 2026 via a cash exercise of stock options from the issuer, with the same date shown as the approximate sale date.
Netflix Co-CEO and director Theodore A. Sarandos reported equity compensation activity involving Netflix common stock. On January 7, 2026, he acquired 207,420 shares at $0 per share, reflecting performance-based restricted stock units that were deemed earned and will settle one-for-one in Netflix shares. On the same date, 101,608 shares were withheld at $90.65 per share to cover tax withholding obligations arising from the vesting of those units. After these transactions, Sarandos directly held 257,492 shares of Netflix common stock. The reported amounts reflect adjustment for a ten-for-one forward stock split effective after market close on November 14, 2025.
Netflix Inc. Chief Legal Officer David A. Hyman reported equity compensation activity in Netflix common stock. On 01/07/2026, he acquired 43,500 shares at a price of $0, reflecting performance-based restricted stock units that were deemed earned after the compensation committee certified results and that settle one-for-one in Netflix common stock. On the same date, 20,061 shares were withheld at a price of $90.65 to cover tax withholding obligations arising from the vesting of these units. After these transactions, Hyman directly beneficially owned 339,539 shares of Netflix common stock. The reported share amounts are adjusted to reflect a ten-for-one forward split of Netflix’s common stock that became effective after market close on November 14, 2025.
Netflix Co-CEO Gregory K. Peters, who is also a director, reported equity award activity in the company’s stock. On January 7, 2026, he acquired 207,420 shares of common stock at $0 per share through performance-based restricted stock units that were earned after the compensation committee certified results, with each unit settling into one share of Netflix common stock.
On the same date, 101,639 shares were disposed of at $90.65 per share, representing shares withheld to cover tax obligations arising from the PSU vesting. After these transactions, Peters directly held 227,921 shares of Netflix common stock. The holdings have been adjusted to reflect a ten-for-one forward stock split of Netflix common stock that became effective after market close on November 14, 2025.
Netflix Inc. Chief Financial Officer Spencer Neumann reported equity award activity on January 7, 2026. He acquired 70,260 shares of common stock at $0 through performance-based restricted stock units that were deemed earned after the compensation committee certified results, with one share issued for each unit.
On the same date, 33,383 shares were withheld at $90.65 per share to satisfy tax withholding obligations arising from the PSU vesting. After these transactions, Neumann directly held 73,787 shares of Netflix common stock, a figure that also corrects an earlier administrative error by 10 shares and reflects a ten-for-one forward stock split that took effect after market close on November 14, 2025.
Netflix director Anne M. Sweeney reported a new stock option award. On 01/02/2026, she acquired a non-qualified stock option giving her the right to buy 687 shares of Netflix common stock at an exercise price of $90.99 per share.
The option becomes exercisable on 01/02/2026 and expires on 01/02/2036, and is held as direct ownership. This filing is a routine disclosure of insider equity compensation and does not detail any sales of Netflix shares.