HYMAN DAVID A 4

What Happened
David A. Hyman, Chief Legal Officer of Netflix, reported an open-market sale of 5,727 shares of NFLX on February 9, 2026. The shares were sold at a weighted average price of $81.06 per share for total proceeds of about $464,231. This was a sale (S), which is commonly a liquidity event rather than a direct signal about company prospects.

Key Details

• Transaction date: 2026-02-09; Filing date (Form 4): 2026-02-11. The filing date falls within the typical two-business-day window for Form 4s.
• Price(s): weighted average $81.06 per share; footnote reports individual trades ranged $81.06–$81.065 and the weighted average was used.
• Shares sold: 5,727; total value ≈ $464,231.
• Shares owned after transaction: not disclosed in the provided excerpt of the filing.
• Footnote: F1 notes the sale was executed in multiple trades and the reporting person will provide full trade-level details upon request to the SEC staff, issuer, or a security holder.

Context
This was an open-market sale by an executive. Such insider sales are often routine (e.g., for diversification or personal liquidity) and do not by themselves indicate changes to company fundamentals. Retail investors should consider this alongside other insider activity, company news, and fundamentals before drawing conclusions.