Peters Gregory K 4

What Happened

• Gregory K. Peters, Co‑CEO and Director of Netflix (NFLX), had restricted stock units (RSUs) vest and convert to 54,388 shares on Feb 3, 2026. Per the filing, 27,076 of those shares were withheld to satisfy tax withholding obligations at $82.76/share, totaling $2,240,810. After withholding, Peters retained roughly 27,312 additional shares.
• The conversion/settlement of the RSUs is reported as exercise/conversion of a derivative (code M) and the withholding is reported as payment of tax liability (code F). The RSU settlement entries show $0 exercise price because RSUs convert one‑for‑one into common stock (not option exercises).

Key Details

• Transaction date: 2026-02-03; Form 4 filed 2026-02-04 (timely).
• Shares settled (acquired): 54,388 shares (25,930 + 14,440 + 14,018).
• Shares withheld for taxes (disposed): 27,076 shares (12,908 + 7,189 + 6,979) valued at $82.76 each, total $2,240,810.
• Net shares added to Peters’ holdings: ~27,312 shares (54,388 − 27,076).
• Footnotes: RSUs settle one‑for‑one into Netflix common stock (F1, F3); withholding reflects tax obligations (F2). Grants referenced from Jan 2024, Jan 2025 and Jan 2026 with quarterly vesting schedules (F4–F6).
• Adjusted for Netflix’s 10‑for‑1 forward stock split effective Nov 14, 2025 (per remarks).
• This was not an open‑market sale or purchase — it’s routine RSU vesting with shares withheld to cover taxes.

Context

• For retail investors: this is a routine executive compensation event (RSU vesting) rather than a discretionary market sale or purchase. Withholding shares for taxes is common and does not necessarily indicate bullish or bearish insider sentiment.
• The filing shows conversion of rights to shares and immediate withholding (similar to a cashless settlement), not a cash exercise or open‑market trade.