Netflix Director Susan E. Rice Receives 774-Share Award

What Happened

• Susan E. Rice, a director of Netflix, was granted 774 shares on September 1, 2026. The Form 4 reports this as an "A" (award/grant) acquisition of a derivative security at $0.00 per share (no cash purchase).

Key Details

• Transaction date: 2026-09-01
• Filing date: 2026-09-02 (timely filing)
• Transaction type/code: Award / Grant (code A) — derivative security
• Shares granted: 774
• Price paid: $0.00 per share (no cash exchanged as reported)
• Shares owned after transaction: Not specified in the provided excerpt — see the full Form 4 for total beneficial ownership
• Footnotes/plan info: None shown in the provided data; check the full filing for vesting, tax withholding, or 10b5-1 plan details

Context

• An "award" reported at $0.00 typically reflects compensation grants (e.g., restricted stock units or similar director awards) rather than an open-market purchase. Such grants are often subject to vesting and do not necessarily signal immediate buying or selling by the insider. Retail investors should review the complete Form 4 for vesting terms and total holdings to assess any material impact.