SARANDOS THEODORE A 4

What Happened
Ted Sarandos, Co-CEO and Director of Netflix (NFLX), was granted 168,216 restricted stock units (RSUs) on January 22, 2026. The award is reported as a derivative grant with a $0 acquisition price (no cash exchanged at grant). Each RSU represents a contingent right to receive one share of Netflix common stock once vested.

Key Details

• Transaction type/date: Award/Grant (A) on 2026-01-22; filed with the SEC on 2026-01-23 (timely filing).
• Award size and price: 168,216 RSUs reported at $0.00 per unit (derivative award).
• Vesting: Per footnote, 1/12th of the RSUs will vest quarterly beginning Feb 3, 2026 (or the next trading day) — effectively 12 quarterly installments.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes: F1 — each RSU = contingent right to one share; F2 — quarterly vesting schedule.
• Filing timeliness: Appears timely (transaction 1/22/2026, Form 4 filed 1/23/2026).

Context
RSU grants are a common form of executive compensation and vest over time; they do not involve an immediate market purchase or sale. This award increases Sarandos’s potential future stake in Netflix as the units vest, but the grant itself is not an immediate market signal like an open-market purchase or sale.