Neumann Spencer Adam 4

4 · NETFLIX INC · Filed May 5, 2026

AI-generated summary of this filing

Updated May 5, 2026

Netflix (NFLX) CFO Spencer Neumann Exercises RSUs, Withholds 9,175 Shares

What Happened

Spencer Neumann, Chief Financial Officer of Netflix, had RSUs vest that converted into 18,428 shares of Netflix common stock on May 4, 2026. To satisfy tax withholding obligations, 9,175 of those shares were withheld (disposed) at an indicated value of $92.06 per share, totaling $844,650. The remaining 9,253 shares were delivered to him. The transactions reflect RSU settlement (derivative conversion) rather than an open‑market sale.

Key Details

Transaction date: May 4, 2026; Form 4 filed May 5, 2026 (appears timely).
Vesting/conversion: 18,428 shares (three separate RSU settlements: 8,780; 4,900; 4,748).
Shares withheld for taxes: 9,175 shares at $92.06 per share = $844,650 total.
Net shares received by reporting person: 9,253 shares (18,428 vested minus 9,175 withheld).
Codes: M = exercise/conversion of derivative (RSU settlement); F = shares withheld to satisfy tax obligations.
Footnotes: RSUs settle one-for-one into common stock (F1–F3). Grants and standard quarterly vesting schedules referenced in footnotes F4–F6 (grants in Jan 2024, Jan 2025, Jan 2026).
Shares owned after the transaction are not specified in the provided filing excerpt.

Context

These entries reflect routine RSU vesting and tax withholding (a cashless-like settlement), not an open-market sale or purchase. For derivative transactions: the RSUs converted to shares (exercise/conversion), and the company withheld a portion to cover tax withholding obligations. Such withholding transactions are common and do not necessarily indicate a change in insider sentiment.

Form 4

Period: 2026-05-04

Chief Financial Officer

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-05-04+8,780→ 82,567 total
Exercise/Conversion
Common Stock
[F1]
2026-05-04+4,900→ 87,467 total
Exercise/Conversion
Common Stock
[F1]
2026-05-04+4,748→ 92,215 total
Tax Payment
Common Stock
[F2]
2026-05-04$92.06/sh−4,371$402,394→ 87,844 total
Tax Payment
Common Stock
[F2]
2026-05-04$92.06/sh−2,440$224,626→ 85,404 total
Tax Payment
Common Stock
[F2]
2026-05-04$92.06/sh−2,364$217,630→ 83,040 total
Exercise/Conversion
Restricted Stock Units
[F3][F4]
2026-05-04−8,780→ 17,570 total
→ Common Stock (8,780 underlying)
Exercise/Conversion
Restricted Stock Units
[F3][F5]
2026-05-04−4,900→ 29,350 total
→ Common Stock (4,900 underlying)
Exercise/Conversion
Restricted Stock Units
[F3][F6]
2026-05-04−4,748→ 47,481 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|2026-05-05

1 file