Mertz Elinor 4

What Happened

• Elinor Mertz, a director of Netflix, received a derivative equity award for 755 shares on 2026-02-02. The Form 4 reports the acquisition price as $0.00 (transaction code A — award/grant), so the filing shows $0 as the acquisition cost for this entry. This is an equity award (not an open-market purchase or sale).

Key Details

• Transaction date: 2026-02-02; Form 4 filed: 2026-02-03 (filed the next business day).
• Transaction type/code: A — Grant, award or other acquisition (derivative).
• Shares acquired: 755 derivative shares at $0.00 per share (reported value $0 on the Form 4).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• No 10b5-1 plan, tax withholding, or sale reported in the disclosed transaction; no late-filing flag indicated.

Context

• Derivative awards like this are commonly stock awards (e.g., RSUs or performance-based shares) that typically vest over time and convert into common stock when vesting conditions are met; this filing records the grant event, not a market purchase or sale.
• Awards are routine compensation for directors and do not by themselves indicate the insider’s view on the stock.