Welcome to our dedicated page for Netflix SEC filings (Ticker: NFLX), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Netflix, Inc. (NASDAQ: NFLX) SEC filings page on Stock Titan provides access to the company’s regulatory disclosures, including current reports on Form 8-K that describe material events and key corporate actions. The supplied filings show how Netflix uses these documents to report significant transactions, capital structure changes, executive compensation arrangements and financing agreements.
One major focus in recent filings is the Agreement and Plan of Merger with Warner Bros. Discovery, Inc. (WBD). A Form 8-K dated December 5, 2025, outlines the structure of the planned transaction, including WBD’s internal reorganization, the separation and distribution of its Global Linear Networks business, and the subsequent merger of a Netflix subsidiary with WBD. The filing details how each share of WBD common stock will be converted into cash and Netflix stock according to an exchange ratio formula, and explains the treatment of WBD stock options, restricted stock units, performance-based units, deferred stock units and notional units in connection with the merger.
Another Form 8-K dated December 19, 2025, describes Netflix’s Senior Unsecured Revolving Credit Agreement and Senior Unsecured Delayed Draw Term Loan Credit Agreement. These credit facilities provide unsecured revolving and delayed draw term loan capacity that can be used to fund the cash portion of the merger consideration, pay transaction-related fees and expenses, refinance certain indebtedness and support working capital and general corporate purposes. The filing summarizes key terms such as interest rate options, financial covenants and events of default.
Additional 8-K filings in the supplied data cover a ten-for-one forward stock split implemented through an amendment to Netflix’s certificate of incorporation, changes to the Executive Officer Severance Plan, and amendments to outstanding restricted stock unit and performance-based restricted stock unit awards for senior executives. These documents explain how severance benefits and equity awards are structured in scenarios such as retirement, qualifying terminations and change-in-control protection periods.
On Stock Titan, users can review these SEC filings in sequence to understand how Netflix reports its merger agreement with WBD, discloses new debt facilities, and documents governance and compensation changes. AI-powered tools can help summarize long merger and credit agreements, highlight key terms such as exchange ratios and covenants, and surface items like stock split details or executive award modifications without requiring readers to parse every page of the underlying filings.
Netflix plans to acquire Warner Bros. Discovery in a cash-and-stock deal valuing WBD at $27.75 per share, implying equity value of $72.0B and enterprise value of $82.7B. Each WBD share would receive $23.25 in cash and $4.50 in Netflix stock, with the cash portion funded by $10.3B of cash on hand and $50.0B of new acquisition debt. Warner Bros. Discovery is expected to complete a separation of its Discovery Global business before closing.
Netflix highlights Warner Bros.’ deep film and TV library, franchises and HBO Max/HBO as strategic complements to its global streaming reach and studio capabilities. Management targets at least $2-3B of run-rate cost savings by year three and expects the transaction to be accretive to GAAP EPS by the second full year after closing. The deal is subject to WBD shareholder approval, regulatory clearances and other customary conditions, with closing expected in 12–18 months.
Netflix and Warner Bros. Discovery have signed a definitive cash‑and‑stock merger agreement, now refiled in full as an exhibit. A newly formed WBD holding company will, after an internal reorganization and a separation of a "SpinCo" business to WBD stockholders, merge with a Netflix subsidiary and become a wholly owned Netflix subsidiary.
Under the agreement, each share of WBD common stock (other than certain excluded and appraisal shares) will be converted into the right to receive a specified cash amount plus a number of Netflix common shares based on an exchange ratio, with cash paid instead of fractional Netflix shares. WBD equity awards are generally cashed out or converted into cash‑based awards tied to the merger consideration value, while certain deferred compensation units become notional units linked to Netflix stock. Closing requires WBD stockholder approval, regulatory clearances and completion of the separation and distribution, and the companies highlight risks including failure to obtain approvals, integration challenges, potential litigation and business disruption.
Netflix, Inc. has agreed to acquire the streaming and studios businesses of Warner Bros. Discovery (WBD) through a complex cash-and-stock merger. Before the deal closes, WBD will spin off its Global Linear Networks business into a separate company, SpinCo, and distribute SpinCo shares to WBD shareholders.
After this separation, each share of WBD common stock will be converted into the right to receive
Netflix has secured commitments for up to
Netflix, Inc. approved and effected a ten-for-one forward stock split of its issued common stock. To implement the split, the company filed a Certificate of Amendment that proportionately increased authorized common shares from 4,990,000,000 to 49,900,000,000, effective at 4:01 p.m. Eastern Time on November 14, 2025.
Trading in Netflix stock is expected to begin on a split-adjusted basis at market open on November 17, 2025. A forward split increases the number of shares each holder owns while proportionally adjusting the share price, leaving each investor’s overall economic interest unchanged.
Netflix, Inc. (NFLX) disclosed an insider transaction by Director Reed Hastings. On 11/07/2025, he reported a transaction coded G, covering 14,089 shares of common stock at $0, indicating a gift. Following this activity, he reported 2,140,152 shares beneficially owned indirectly by a trust.
The filing notes the indirect ownership is through the Hastings-Quillin Family Trust, with the reporting person acting as trustee.
Netflix, Inc. (NFLX) insider transaction: Chief Global Affairs Officer Cletus R. Willems reported a sale of common stock. On 11/06/2025, the officer sold 238 shares at $1,100.33 per share (Transaction Code: S). Following the transaction, the filing lists 0 shares beneficially owned, held directly.
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.
Netflix (NFLX) insider update: CFO Spencer Neumann reported routine equity comp activity on 11/03/2025. Two RSU tranches vested and settled 1-for-1 into common stock—878 shares and 489 shares.
To cover taxes from the RSU vesting, shares were withheld: 438 shares at $1,118.86 and 244 shares at $1,118.86. He also executed an open-market sale of 695 shares at $1,093.78. Following these transactions, he directly held 3,681 shares of common stock.
Netflix (NFLX) Co-CEO and director Theodore A. Sarandos reported routine equity transactions. On 11/03/2025, RSU settlements resulted in the acquisition of 2,593 and 1,444 common shares (code M). To cover taxes from these vestings, the company withheld 1,291 and 719 shares at $1,118.86 per share (code F).
On 11/04/2025, Sarandos sold 2,027 shares at a weighted average price of $1,092.0763, with trades executed between $1,091.89 and $1,092.18 (code S). Following these transactions, he directly beneficially owned 15,168 shares. The RSUs settle one-for-one into common stock and vest quarterly under grants dated January 25, 2024 (31,112 RSUs) and January 23, 2025 (17,330 RSUs).
Netflix (NFLX) insider activity: Chief Global Affairs Officer Cletus R. Willems reported RSU vesting and related tax withholding on 11/03/2025. Two RSU tranches settled into 316 and 147 shares of common stock (Code M). To cover taxes from these vestings, the issuer withheld 153 and 72 shares at $1,118.86 per share (Code F). Following these transactions, the report lists remaining derivative holdings of 2,844 and 1,172 RSUs tied to prior grants with quarterly vesting schedules beginning May 3, 2025.
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