HYMAN DAVID A 4
4 · NETFLIX INC · Filed Feb 4, 2026
Research Summary
AI-generated summary of this filing
Netflix Chief Legal Officer David Hyman Exercises RSUs, Withholds Shares
What Happened
David A. Hyman, Chief Legal Officer of Netflix (NFLX), had a total of 11,409 restricted stock units (RSUs convert/vest) settle into common shares on February 3, 2026. Of those vested shares, 5,682 shares were withheld to satisfy tax withholding obligations at $82.76 per share, generating proceeds/value of $470,243. The remaining net shares retained from the vesting were 5,727 shares. The filing reflects RSU settlement (derivative conversion) and tax-withholding, not an open-market sale.
Key Details
- Transaction date: February 3, 2026; Form 4 filed February 4, 2026 (timely).
- Conversion (code M): 11,409 RSUs converted to common stock (5,440 + 3,030 + 2,939).
- Tax withholding (code F): 5,682 shares withheld at $82.76/share: $224,197 + $124,885 + $121,161 = $470,243.
- Net shares retained after withholding: 5,727 shares (11,409 vested − 5,682 withheld).
- Footnotes: RSUs settle one-for-one into common stock (F1, F3); withholding reflects shares used to cover tax liabilities (F2). Grants referenced: Jan 25, 2024 (65,240 RSUs), Jan 23, 2025 (36,340 RSUs), Jan 22, 2026 (35,272 RSUs) with quarterly vesting schedules (F4–F6).
- Adjustment: All amounts adjusted for a 10-for-1 forward split effective Nov 14, 2025.
- Filing timeliness: Reported within one day of the vesting date (no late filing noted in provided data).
Context
This was a routine compensation-related transaction: RSUs vested and were converted into shares, with a portion withheld to cover taxes (a common “net settlement” or tax-withholding event). No open-market purchases or voluntary sales were reported here, and the activity should be read as standard employee compensation settlement rather than an independent buy/sell signal.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-02-03+5,440→ 321,540 total - Exercise/Conversion
Common Stock
[F1]2026-02-03+3,030→ 324,570 total - Exercise/Conversion
Common Stock
[F1]2026-02-03+2,939→ 327,509 total - Tax Payment
Common Stock
[F2]2026-02-03$82.76/sh−2,709$224,197→ 324,800 total - Tax Payment
Common Stock
[F2]2026-02-03$82.76/sh−1,509$124,885→ 323,291 total - Tax Payment
Common Stock
[F2]2026-02-03$82.76/sh−1,464$121,161→ 321,827 total - Exercise/Conversion
Restricted Stock Units
[F3][F4]2026-02-03−5,440→ 16,310 total→ Common Stock (5,440 underlying) - Exercise/Conversion
Restricted Stock Units
[F3][F5]2026-02-03−3,030→ 21,200 total→ Common Stock (3,030 underlying) - Exercise/Conversion
Restricted Stock Units
[F3][F6]2026-02-03−2,939→ 32,333 total→ Common Stock (2,939 underlying)
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]Each RSU represents a contingent right to receive one share of Netflix common stock.
- [F4]On January 25, 2024, the Reporting Person was granted 65,240 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).
- [F5]On January 23, 2025, the Reporting Person was granted 36,340 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).
- [F6]On January 22, 2026, the Reporting Person was granted 35,272 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, 2026 (or, to the extent it is not a trading day, the first trading day thereafter).