BARTON RICHARD N 4

What Happened
Richard N. Barton, a director of Netflix, received a derivative award of 842 shares on July 1, 2026. The Form 4 reports an acquisition (code A) of 842 shares at $0.00 (reported value $0). This was a grant/compensation award—not an open-market purchase or sale.

Key Details

• Transaction date: 2026-07-01
• Transaction type/code: Award/Grant (A), derivative security
• Shares acquired: 842
• Price reported: $0.00 (reported value $0) — typical for restricted stock units or similar director awards
• Filing date: 2026-07-02 (filed the next day; appears timely under Form 4 rules)
• Shares owned after transaction: not specified in the provided summary (see official filing Accession 0001065280-26-000200 for full holdings)
• Footnotes/plan details: none provided in the summary

Context
Derivative awards to directors are typically part of board compensation (e.g., RSUs or restricted stock) and usually vest over time; they do not require an immediate cash outlay and are not the same as a market purchase signal. For retail investors, purchases are generally more informative about insider sentiment; routine grants are common and primarily relate to compensation. If you want more detail on vesting or plan terms, consult the full Form 4 and the company’s proxy or compensation disclosures.