Peters Gregory K 4

4 · NETFLIX INC · Filed May 5, 2026

AI-generated summary of this filing

Updated May 5, 2026

Netflix (NFLX) Co-CEO Gregory Peters Converts RSUs, Withholds 27,076 Shares

What Happened

Gregory K. Peters, Co-CEO and Director of Netflix (NFLX), had RSUs convert into 54,388 shares on May 4, 2026 (reported on Form 4 filed May 5, 2026).
Of those shares, 27,076 were withheld to cover tax withholding obligations at $92.06 per share, totaling about $2,492,617. The withholding occurred in three lots: 12,903 shares ($1,187,850), 7,194 shares ($662,280), and 6,979 shares ($642,487).
After withholding, Peters received a net of approximately 27,312 shares. This was not an open‑market sale or purchase — it reflects RSUs vesting and settlement with shares withheld for taxes (routine).

Key Details

Transaction date: 2026-05-04; Form 4 filed: 2026-05-05 (timely filing).
Transaction codes: M = exercise/conversion of a derivative (here, RSUs converting to shares); F = payment of exercise price or tax liability (shares withheld).
Shares converted (issued): 25,920 + 14,450 + 14,018 = 54,388 shares.
Shares withheld for taxes (disposed): 12,903 + 7,194 + 6,979 = 27,076 shares at $92.06 each; total withheld ≈ $2,492,617.
Net shares added to his holdings: 54,388 − 27,076 = 27,312 shares.
Shares owned after transaction: not specified in the filing excerpt provided.
Relevant footnotes: RSUs settled one-for-one into common stock (F1, F3). Grants referenced include 311,120 RSUs (1/12th quarterly vesting starting Feb 3, 2024), 173,300 RSUs (vesting from Feb 3, 2025), and 168,216 RSUs (vesting from Feb 3, 2026).

Context

This was a routine settlement of vested RSUs, not a market sale or purchase. The withheld shares were used solely to satisfy tax obligations (a common cashless withholding method).
These RSU conversions reflect compensation vesting under prior awards (see footnotes for grant dates and vesting schedule) and do not by themselves indicate intent to buy or sell more shares in the open market.

Form 4

Period: 2026-05-04

DirectorCo-CEO

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-05-04+25,920→ 148,060 total
Exercise/Conversion
Common Stock
[F1]
2026-05-04+14,450→ 162,510 total
Exercise/Conversion
Common Stock
[F1]
2026-05-04+14,018→ 176,528 total
Tax Payment
Common Stock
[F2]
2026-05-04$92.06/sh−12,903$1,187,850→ 163,625 total
Tax Payment
Common Stock
[F2]
2026-05-04$92.06/sh−7,194$662,280→ 156,431 total
Tax Payment
Common Stock
[F2]
2026-05-04$92.06/sh−6,979$642,487→ 149,452 total
Exercise/Conversion
Restricted Stock Units
[F3][F4]
2026-05-04−25,920→ 51,860 total
→ Common Stock (25,920 underlying)
Exercise/Conversion
Restricted Stock Units
[F3][F5]
2026-05-04−14,450→ 86,650 total
→ Common Stock (14,450 underlying)
Exercise/Conversion
Restricted Stock Units
[F3][F6]
2026-05-04−14,018→ 140,180 total
→ Common Stock (14,018 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 311,120 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 173,300 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 168,216 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: Gregory K. Peters|2026-05-05

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