HYMAN DAVID A 4

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.