=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2026-06-17
10b5-1 Pre-arranged Plan: Yes
--- Issuer ---
Name: NETFLIX INC (NFLX)
CIK: 0001065280
--- Reporting Owner ---
Name: SMITH BRADFORD L
CIK: 0001193119
Role: Director
--- Non-Derivative Transactions ---
[Transaction #1]
Security: Common Stock
Date: 2026-06-17 | Code: M (Exercise of derivative)
Shares: +6,460 | Price: $9.67
Total Value: $62,448.82
Shares Owned After: 86,150 | Ownership: D (Direct)
Footnotes:
[F1] Transaction made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 2/10/2025.
[Transaction #2]
Security: Common Stock
Date: 2026-06-17 | Code: M (Exercise of derivative)
Shares: +6,620 | Price: $9.44
Total Value: $62,472.94
Shares Owned After: 92,770 | Ownership: D (Direct)
Footnotes:
[F1] Transaction made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 2/10/2025.
[Transaction #3]
Security: Common Stock
Date: 2026-06-17 | Code: M (Exercise of derivative)
Shares: +6,420 | Price: $9.74
Total Value: $62,517.96
Shares Owned After: 99,190 | Ownership: D (Direct)
Footnotes:
[F1] Transaction made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 2/10/2025.
[Transaction #4]
Security: Common Stock
Date: 2026-06-17 | Code: M (Exercise of derivative)
Shares: +6,090 | Price: $10.26
Total Value: $62,501.67
Shares Owned After: 105,280 | Ownership: D (Direct)
Footnotes:
[F1] Transaction made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 2/10/2025.
[Transaction #5]
Security: Common Stock
Date: 2026-06-17 | Code: M (Exercise of derivative)
Shares: +5,070 | Price: $12.33
Total Value: $62,513.10
Shares Owned After: 110,350 | Ownership: D (Direct)
Footnotes:
[F1] Transaction made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 2/10/2025.
[Transaction #6]
Security: Common Stock
Date: 2026-06-17 | Code: M (Exercise of derivative)
Shares: +5,330 | Price: $11.72
Total Value: $62,478.26
Shares Owned After: 115,680 | Ownership: D (Direct)
Footnotes:
[F1] Transaction made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 2/10/2025.
[Transaction #7]
Security: Common Stock
Date: 2026-06-17 | Code: S (Open market sale)
Shares: -22,190 | Price: $77.21
Total Value: $1,713,265.49
Shares Owned After: 93,490 | Ownership: D (Direct)
Footnotes:
[F1] Transaction made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 2/10/2025.
[F2] This transaction was executed in multiple trades at prices ranging from $76.79 to $77.78. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
[Transaction #8]
Security: Common Stock
Date: 2026-06-17 | Code: S (Open market sale)
Shares: -13,800 | Price: $78.01
Total Value: $1,076,533.86
Shares Owned After: 79,690 | Ownership: D (Direct)
Footnotes:
[F1] Transaction made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 2/10/2025.
[F3] This transaction was executed in multiple trades at prices ranging from $77.79 to $78.38. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
--- Derivative Transactions ---
[Transaction #1]
Security: Non-Qualified Stock Option (right to buy)
Date: 2026-06-17 | Code: M (Exercise of derivative)
Shares: -6,460 | Price: $0.00
Exercisable: N/A | Expires: 2026-07-01
Shares Owned After: 0 | Ownership: D (Direct)
Footnotes:
[F1] Transaction made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 2/10/2025.
[Transaction #2]
Security: Non-Qualified Stock Option (right to buy)
Date: 2026-06-17 | Code: M (Exercise of derivative)
Shares: -6,620 | Price: $0.00
Exercisable: N/A | Expires: 2026-08-01
Shares Owned After: 0 | Ownership: D (Direct)
Footnotes:
[F1] Transaction made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 2/10/2025.
[Transaction #3]
Security: Non-Qualified Stock Option (right to buy)
Date: 2026-06-17 | Code: M (Exercise of derivative)
Shares: -6,420 | Price: $0.00
Exercisable: N/A | Expires: 2026-09-01
Shares Owned After: 0 | Ownership: D (Direct)
Footnotes:
[F1] Transaction made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 2/10/2025.
[Transaction #4]
Security: Non-Qualified Stock Option (right to buy)
Date: 2026-06-17 | Code: M (Exercise of derivative)
Shares: -6,090 | Price: $0.00
Exercisable: N/A | Expires: 2026-10-03
Shares Owned After: 0 | Ownership: D (Direct)
Footnotes:
[F1] Transaction made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 2/10/2025.
[Transaction #5]
Security: Non-Qualified Stock Option (right to buy)
Date: 2026-06-17 | Code: M (Exercise of derivative)
Shares: -5,070 | Price: $0.00
Exercisable: N/A | Expires: 2026-11-01
Shares Owned After: 0 | Ownership: D (Direct)
Footnotes:
[F1] Transaction made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 2/10/2025.
[Transaction #6]
Security: Non-Qualified Stock Option (right to buy)
Date: 2026-06-17 | Code: M (Exercise of derivative)
Shares: -5,330 | Price: $0.00
Exercisable: N/A | Expires: 2026-12-01
Shares Owned After: 0 | Ownership: D (Direct)
Footnotes:
[F1] Transaction made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 2/10/2025.
--- Footnotes (Complete Index) ---
F1: Transaction made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 2/10/2025.
F2: This transaction was executed in multiple trades at prices ranging from $76.79 to $77.78. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F3: This transaction was executed in multiple trades at prices ranging from $77.79 to $78.38. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
--- Signature ---
/s/ By: Veronique Bourdeau, Authorized Signatory For: Bradford L. Smith (2026-06-18)