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Insider Trading Arrangements
3 Months Ended
Sep. 30, 2025
shares
Trading Arrangements, by Individual  
Material Terms of Trading Arrangement
NameTitleActionDate AdoptedExpiration DateAggregate # of Securities to be Purchased/Sold
Leslie Kilgore (1)
DirectorAdoption7/25/20254/30/20274,826
Ted Sarandos (2)
Co-CEO and DirectorAdoption7/30/20257/31/2026189,281
David Hyman (3)
Chief Legal OfficerAdoption8/5/20253/31/202667,849
(1) Leslie Kilgore, a member of the Board of Directors, entered into a pre-arranged stock trading plan pursuant to Rule 10b5-1 on July 25, 2025. Ms. Kilgore's plan provides for the potential exercise of vested stock options and the associated sale of up to 4,826 shares of Netflix common stock. The plan expires on April 30, 2027, or upon the earlier completion of all authorized transactions under the plan.
(2) Ted Sarandos, co-CEO and a member of the Board of Directors, entered into a pre-arranged stock trading plan pursuant to Rule 10b5-1 on July 30, 2025. Mr. Sarandos' plan provides for the potential exercise of vested stock options and the associated sale of up to 189,281 shares of Netflix common stock. The plan expires on July 31, 2026, or upon the earlier completion of all authorized transactions under the plan.
(3) David Hyman, Chief Legal Officer, entered into a pre-arranged stock trading plan pursuant to Rule 10b5-1 on August 5, 2025. Mr. Hyman's plan provides for the potential exercise of vested stock options and the associated sale of up to 67,849 shares of Netflix common stock. This figure includes 2,175 Performance Share Units (“PSUs”) that are expected to vest during the term of the plan, which are assumed to vest at 100% of the target award amount. The actual number of PSUs that may vest can vary between 0% - 200% of the target award of PSUs, subject to the achievement of certain performance conditions as set forth in the PSU award agreement, less shares to be withheld for tax withholding obligations. The plan expires on March 31, 2026, or upon the earlier completion of all authorized transactions under the plan.
Other than those disclosed above, none of our directors or officers adopted or terminated a "non-Rule 10b5-1 trading arrangement" as defined in Item 408 of Regulation S-K.
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
Leslie Kilgore [Member]  
Trading Arrangements, by Individual  
Name Leslie Kilgore
Title Director
Rule 10b5-1 Arrangement Adopted true
Adoption Date 7/25/2025
Expiration Date 4/30/2027
Arrangement Duration 644 days
Aggregate Available 4,826
Ted Sarandos [Member]  
Trading Arrangements, by Individual  
Name Ted Sarandos
Title Co-CEO and Director
Rule 10b5-1 Arrangement Adopted true
Adoption Date 7/30/2025
Expiration Date 7/31/2026
Arrangement Duration 366 days
Aggregate Available 189,281
David Hyman [Member]  
Trading Arrangements, by Individual  
Name David Hyman
Title Chief Legal Officer
Rule 10b5-1 Arrangement Adopted true
Adoption Date 8/5/2025
Expiration Date 3/31/2026
Arrangement Duration 238 days
Aggregate Available 67,849