Statement of Changes in Beneficial Ownership (4)

FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

1. Name and Address of Reporting Person ^* HASTINGS REED	2. Issuer Name and Ticker or Trading Symbol NETFLIX INC [ NFLX ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Co-CEO
(Last) (First) (Middle) 100 WINCHESTER CIRCLE	3. Date of Earliest Transaction (MM/DD/YYYY) 10/20/2020
(Street) LOS GATOS, CA 95032 (City) (State) (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)	6. Individual or Joint/Group Filing (Check Applicable Line) _X _ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	10/20/2020		M		32739 ⁽¹⁾	A	$38.18	32739	D
Common Stock	10/20/2020		S		2200 ⁽¹⁾	D	$523.0582 ⁽²⁾	30539	D
Common Stock	10/20/2020		M		36890 ⁽¹⁾	A	$33.8843	67429	D
Common Stock	10/20/2020		S		8346 ⁽¹⁾	D	$524.0138 ⁽³⁾	59083	D
Common Stock	10/20/2020		M		36141 ⁽¹⁾	A	$34.5843	95224	D
Common Stock	10/20/2020		S		22557 ⁽¹⁾	D	$525.0683 ⁽⁴⁾	72667	D
Common Stock	10/20/2020		M		42763 ⁽¹⁾	A	$29.2329	115430	D
Common Stock	10/20/2020		S		30915 ⁽¹⁾	D	$526.0562 ⁽⁵⁾	84515	D
Common Stock	10/20/2020		M		29148 ⁽¹⁾	A	$28.5914	113663	D
Common Stock	10/20/2020		S		21453 ⁽¹⁾	D	$527.0156 ⁽⁶⁾	92210	D
Common Stock	10/20/2020		S		17567 ⁽¹⁾	D	$528.0738 ⁽⁷⁾	74643	D
Common Stock	10/20/2020		S		22155 ⁽¹⁾	D	$528.9442 ⁽⁸⁾	52488	D
Common Stock	10/20/2020		S		24378 ⁽¹⁾	D	$529.99 ⁽⁹⁾	28110	D
Common Stock	10/20/2020		S		17410 ⁽¹⁾	D	$530.9975 ⁽¹⁰⁾	10700	D
Common Stock	10/20/2020		S		7600 ⁽¹⁾	D	$531.7733 ⁽¹¹⁾	3100	D
Common Stock	10/20/2020		S		3100 ⁽¹⁾	D	$532.8427 ⁽¹²⁾	0	D
Common Stock								5088392	I	by Trust ⁽¹³⁾

*Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)*
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)			11. Nature of Indirect Beneficial Ownership (Instr. 4)
Non-Qualified Stock Option (right to buy)	$28.5914	10/20/2020		M			29148 ⁽¹⁾	12/1/2010	12/1/2020	Common Stock	29148	$0.0	0	D
Non-Qualified Stock Option (right to buy)	$29.2329	10/20/2020		M			42763 ⁽¹⁾	3/1/2011	3/1/2021	Common Stock	42763	$0.0	0	D
Non-Qualified Stock Option (right to buy)	$33.8843	10/20/2020		M			36890 ⁽¹⁾	5/2/2011	5/2/2021	Common Stock	36890	$0.0	0	D
Non-Qualified Stock Option (right to buy)	$34.5843	10/20/2020		M			36141 ⁽¹⁾	4/1/2011	4/1/2021	Common Stock	36141	$0.0	0	D
Non-Qualified Stock Option (right to buy)	$38.18	10/20/2020		M			32739 ⁽¹⁾	6/1/2011	6/1/2021	Common Stock	32739	$0.0	0	D

Explanation of Responses:
(1)	Transaction made pursuant to duly adopted trading plan under Rule 10b5-1(c).
(2)	This transaction was executed in multiple trades at prices ranging from $522.50 to $523.49. 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.
(3)	This transaction was executed in multiple trades at prices ranging from $523.50 to $524.49. 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.
(4)	This transaction was executed in multiple trades at prices ranging from $524.50 to $525.50. 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.
(5)	This transaction was executed in multiple trades at prices ranging from $525.50 to $526.49. 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.
(6)	This transaction was executed in multiple trades at prices ranging from $526.50 to $527.49. 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.
(7)	This transaction was executed in multiple trades at prices ranging from $527.50 to $528.48. 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.
(8)	This transaction was executed in multiple trades at prices ranging from $528.50 to $529.49. 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.
(9)	This transaction was executed in multiple trades at prices ranging from $529.50 to $530.49. 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.
(10)	This transaction was executed in multiple trades at prices ranging from $530.50 to $531.49. 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.
(11)	This transaction was executed in multiple trades at prices ranging from $531.50 to $532.47. 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.
(12)	This transaction was executed in multiple trades at prices ranging from $532.50 to $533.29. 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.
(13)	As Trustee of the Hastings-Quillin Family Trust

Reporting Owners
Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
HASTINGS REED 100 WINCHESTER CIRCLE LOS GATOS, CA 95032	X		Co-CEO