RICE SUSAN E 4

What Happened
Susan E. Rice, a director of Netflix, received a grant reported as a derivative award on May 1, 2026. The filing shows 679 shares were acquired at $0.00 (transaction code A), indicating an equity award such as restricted stock units or a similar compensation grant. The reported acquisition value is $0 on the Form 4 (award grants are typically reported at $0 because they are compensation-based rather than purchased).

Key Details

• Transaction date: 2026-05-01; Form 4 filed: 2026-05-04 (timely filing).
• Transaction type/code: A (Award/Grant) reported as a derivative; price per share reported $0.00.
• Shares involved: 679 shares granted.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• No indication of a sale or cashless exercise; this appears to be a compensation award, not a market purchase or disposition.

Context
Equity awards to directors (often RSUs or restricted stock) are a common part of director compensation and do not necessarily signal a buy or sell decision. Because this is a derivative award reported at $0, its economic value is tied to Netflix’s market price when the award vests or is settled. The timely May 4 filing (covering a May 1 transaction) meets the usual two-business-day reporting window.