Neumann Spencer Adam 4

4 · NETFLIX INC · Filed Feb 4, 2026

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Updated Feb 5, 2026

Netflix (NFLX) CFO Spencer Neumann Receives RSUs; Shares Withheld

What Happened

Spencer Neumann, Chief Financial Officer of Netflix (NFLX), had 18,418 restricted stock units (RSUs vest) and convert into the same number of shares on Feb 3, 2026. Of those shares, 9,170 were withheld to satisfy tax withholding obligations, generating proceeds totaling approximately $758,910 (withholding priced at $82.76 per share). The underlying transactions are reported as derivative conversions (code M) and tax withholding (code F).

Key Details

Transaction date: 2026-02-03; Form 4 filed 2026-02-04 (timely).
Gross shares converted/received: 18,418 (8,780 + 4,890 + 4,748).
Shares withheld for taxes: 9,170 (4,371 + 2,435 + 2,364) at $82.76 = $758,910 total reported proceeds.
Transaction types/codes: M = exercise/conversion of derivative (RSU settlement); F = shares withheld to satisfy tax liability.
Footnotes: RSUs settle one-for-one into common stock (F1, F3); withholding reflects tax satisfaction (F2). Vesting tied to prior grants (F4–F6) and quantities adjusted for a 10-for-1 forward split effective 11/14/2025.
Shares owned after the transaction: not specified in the provided summary—see the full Form 4 for total post-transaction holdings.

Context

This was not an open-market sale or purchase but the routine vesting/settlement of RSU awards and net share withholding to cover taxes (a common practice, effectively a cashless/net settlement). Such transactions generally reflect routine compensation vesting rather than a direct buy/sell decision by the insider.

Form 4

Period: 2026-02-03

Chief Financial Officer

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-02-03+8,780→ 82,567 total
Exercise/Conversion
Common Stock
[F1]
2026-02-03+4,890→ 87,457 total
Exercise/Conversion
Common Stock
[F1]
2026-02-03+4,748→ 92,205 total
Tax Payment
Common Stock
[F2]
2026-02-03$82.76/sh−4,371$361,744→ 87,834 total
Tax Payment
Common Stock
[F2]
2026-02-03$82.76/sh−2,435$201,521→ 85,399 total
Tax Payment
Common Stock
[F2]
2026-02-03$82.76/sh−2,364$195,645→ 83,035 total
Exercise/Conversion
Restricted Stock Units
[F3][F4]
2026-02-03−8,780→ 26,350 total
→ Common Stock (8,780 underlying)
Exercise/Conversion
Restricted Stock Units
[F3][F5]
2026-02-03−4,890→ 34,250 total
→ Common Stock (4,890 underlying)
Exercise/Conversion
Restricted Stock Units
[F3][F6]
2026-02-03−4,748→ 52,229 total
→ Common Stock (4,748 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 105,380 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 58,700 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 56,977 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).

Signature

By: Veronique Bourdeau, Authorized Signatory For: Spencer Neumann|2026-02-04

1 file