Hoag Jay C 4

What Happened Jay C. Hoag, a director of Netflix, was granted 842 shares classified as a derivative award on July 1, 2026. The Form 4 reports the acquisition price as $0.00, which indicates a compensatory award (not an open-market purchase or sale). This is an award/grant transaction rather than a sale; such grants are commonly part of director compensation and do not by themselves indicate a buy or sell signal.

Key Details

• Transaction date: 2026-07-01; filing date: 2026-07-02 (timely).
• Transaction type/code: A = Award/Grant (derivative), reported at $0.00 per share for 842 shares.
• Reported total value on form: $0.00 (acquisition price reported as zero); fair-market value at grant is not shown on the excerpt.
• Shares owned after transaction: not specified in the provided filing details.
• No footnotes (e.g., 10b5-1, tax withholding) or indication of immediate sale reported in this filing.

Context "A" (award) and the $0.00 acquisition price typically mean these were granted as compensatory equity (for example, restricted stock units or similar) that may vest over time and are not an immediate cash transaction. Awards to directors are routine compensation and differ from open-market purchases (which may signal insider conviction) or sales (which often raise questions about liquidity or portfolio rebalancing). The filing appears timely (next-day) and does not, by itself, indicate any immediate market action such as a cashless exercise or sale.