SARANDOS THEODORE A 4
4 · NETFLIX INC · Filed Nov 5, 2025
Insider Transaction Report
Form 4
NETFLIX INCNFLX
SARANDOS THEODORE A
DirectorCo-CEO
Transactions
- Exercise/Conversion
Common Stock
2025-11-03+2,593→ 17,761 total - Tax Payment
Common Stock
2025-11-03$1118.86/sh−719$804,460→ 17,195 total - Exercise/Conversion
Restricted Stock Units
2025-11-03$1118.86/sh−2,593$2,901,204→ 10,371 total→ Common Stock (2,593 underlying) - Exercise/Conversion
Restricted Stock Units
2025-11-03$1118.86/sh−1,444$1,615,634→ 11,554 total→ Common Stock (1,444 underlying) - Exercise/Conversion
Common Stock
2025-11-03+1,444→ 19,205 total - Tax Payment
Common Stock
2025-11-03$1118.86/sh−1,291$1,444,448→ 17,914 total - Sale
Common Stock
2025-11-04$1092.08/sh−2,027$2,213,639→ 15,168 total
Footnotes (6)
- [F1]Reflects restricted stock units (RSUs) that following vesting, settled in shares of Netflix common stock on a one-for-one basis.
- [F2]Shares withheld to satisfy tax withholding obligations arising out of the vesting of RSUs.
- [F3]This transaction was executed in multiple trades at prices ranging from $1,091.89 to $1,092.18. 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.
- [F4]Each RSU represents a contingent right to receive one share of Netflix common stock.
- [F5]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).
- [F6]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).