Peters Gregory K 4

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.