Form 4 - Statement of changes in beneficial ownership of securities

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Hoag Jay C

(Last)

(First)

(Middle)

C/O TECHNOLOGY CROSSOVER VENTURES

250 MIDDLEFIELD ROAD

(Street)

MENLO PARK

94025

(City)

(State)

(Zip)

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
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
02/08/2024

4. If Amendment, Date of Original Filed (Month/Day/Year)

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. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction 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. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	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	02/08/2024		M		61	A	$359.93	61	D⁽¹⁾
Common Stock	02/08/2024		M		55	A	$398.18	116	D⁽¹⁾
Common Stock	02/08/2024		M		60	A	$363.6	176	D⁽¹⁾
Common Stock	02/08/2024		M		58	A	$381.43	234	D⁽¹⁾
Common Stock	02/08/2024		M		61	A	$357.32	295	D⁽¹⁾
Common Stock	02/08/2024		M		170	A	$366.96	465	D⁽²⁾
Common Stock	02/08/2024		M		165	A	$378.81	630	D⁽²⁾
Common Stock	02/08/2024		M		121	A	$336.63	751	D⁽³⁾
Common Stock	02/08/2024		M		167	A	$374.6	918	D⁽²⁾
Common Stock	02/08/2024		M		127	A	$319.5	1,045	D⁽³⁾
Common Stock	02/08/2024		M		140	A	$289.29	1,185	D⁽³⁾
Common Stock	02/08/2024		M		151	A	$269.58	1,336	D⁽³⁾
Common Stock	02/08/2024		M		142	A	$286.81	1,478	D⁽³⁾
Common Stock	02/08/2024		M		131	A	$309.99	1,609	D⁽³⁾
Common Stock	02/08/2024		M		123	A	$329.81	1,732	D⁽³⁾
Common Stock	02/08/2024		M		175	A	$358	1,907	D⁽²⁾
Common Stock	02/08/2024		M		164	A	$381.05	2,071	D⁽²⁾
Common Stock	02/08/2024		M		171	A	$364.08	2,242	D⁽²⁾
Common Stock	02/08/2024		M		151	A	$415.27	2,393	D⁽²⁾
Common Stock	02/08/2024		M		147	A	$425.92	2,540	D⁽²⁾
Common Stock	02/08/2024		M		128	A	$485.64	2,668	D⁽²⁾
Common Stock	02/08/2024		M		126	A	$498.62	2,794	D⁽²⁾
Common Stock	02/08/2024		M		112	A	$556.55	2,906	D⁽²⁾
Common Stock	02/08/2024		M		118	A	$527.51	3,024	D⁽²⁾
Common Stock	02/08/2024		M		130	A	$484.12	3,154	D⁽²⁾
Common Stock	02/08/2024		M		123	A	$504.58	3,277	D⁽²⁾
Common Stock	02/08/2024		M		120	A	$522.86	3,397	D⁽²⁾
Common Stock	02/08/2024		M		116	A	$539.04	3,513	D⁽²⁾
Common Stock	02/08/2024		M		113	A	$550.64	3,626	D⁽²⁾
Common Stock	02/08/2024		M		116	A	$539.42	3,742	D⁽²⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction 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 (Month/Day/Year)		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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Non-qualified Stock Option (right to buy)	$359.93	02/08/2024		M			61	06/01/2018	06/01/2028	Common Stock	61	$0	0	D⁽¹⁾
Non-qualified Stock Option (right to buy)	$398.18	02/08/2024		M			55	07/02/2018	07/02/2028	Common Stock	55	$0	0	D⁽¹⁾
Non-qualified Stock Option (right to buy)	$363.6	02/08/2024		M			60	09/04/2018	09/04/2028	Common Stock	60	$0	0	D⁽¹⁾
Non-qualified Stock Option (right to buy)	$381.43	02/08/2024		M			58	10/01/2018	10/01/2028	Common Stock	58	$0	0	D⁽¹⁾
Non-qualified Stock Option (right to buy)	$357.32	02/08/2024		M			61	03/01/2019	03/01/2029	Common Stock	61	$0	0	D⁽¹⁾
Non-qualified Stock Option (right to buy)	$366.96	02/08/2024		M			170	04/01/2019	04/01/2029	Common Stock	170	$0	0	D⁽²⁾
Non-qualified Stock Option (right to buy)	$378.81	02/08/2024		M			165	05/01/2019	05/01/2029	Common Stock	165	$0	0	D⁽²⁾
Non-qualified Stock Option (right to buy)	$336.63	02/08/2024		M			121	06/03/2019	06/03/2029	Common Stock	121	$0	0	D⁽³⁾
Non-qualified Stock Option (right to buy)	$374.6	02/08/2024		M			167	07/01/2019	07/02/2029	Common Stock	167	$0	0	D⁽²⁾
Non-qualified Stock Option (right to buy)	$319.5	02/08/2024		M			127	08/01/2019	08/01/2029	Common Stock	127	$0	0	D⁽³⁾
Non-qualified Stock Option (right to buy)	$289.29	02/08/2024		M			140	09/03/2019	09/03/2029	Common Stock	140	$0	0	D⁽³⁾
Non-qualified Stock Option (right to buy)	$269.58	02/08/2024		M			151	10/01/2019	10/01/2029	Common Stock	151	$0	0	D⁽³⁾
Non-qualified Stock Option (right to buy)	$286.81	02/08/2024		M			142	11/01/2019	11/01/2029	Common Stock	142	$0	0	D⁽³⁾
Non-qualified Stock Option (right to buy)	$309.99	02/08/2024		M			131	12/02/2019	12/02/2029	Common Stock	131	$0	0	D⁽³⁾
Non-qualified Stock Option (right to buy)	$329.81	02/08/2024		M			123	01/02/2020	01/02/2030	Common Stock	123	$0	0	D⁽³⁾
Non-qualified Stock Option (right to buy)	$358	02/08/2024		M			175	02/03/2020	02/03/2030	Common Stock	175	$0	0	D⁽²⁾
Non-qualified Stock Option (right to buy)	$381.05	02/08/2024		M			164	03/02/2020	03/02/2030	Common Stock	164	$0	0	D⁽²⁾
Non-qualified Stock Option (right to buy)	$364.08	02/08/2024		M			171	04/01/2020	04/01/2030	Common Stock	171	$0	0	D⁽²⁾
Non-qualified Stock Option (right to buy)	$415.27	02/08/2024		M			151	05/01/2020	05/01/2030	Common Stock	151	$0	0	D⁽²⁾
Non-qualified Stock Option (right to buy)	$425.92	02/08/2024		M			147	06/01/2020	06/01/2030	Common Stock	147	$0	0	D⁽²⁾
Non-qualified Stock Option (right to buy)	$485.64	02/08/2024		M			128	07/01/2020	07/01/2030	Common Stock	128	$0	0	D⁽²⁾
Non-qualified Stock Option (right to buy)	$498.62	02/08/2024		M			126	08/03/2020	08/03/2030	Common Stock	126	$0	0	D⁽²⁾
Non-qualified Stock Option (right to buy)	$556.55	02/08/2024		M			112	09/01/2020	09/01/2030	Common Stock	112	$0	0	D⁽²⁾
Non-qualified Stock Option (right to buy)	$527.51	02/08/2024		M			118	10/01/2020	10/01/2030	Common Stock	118	$0	0	D⁽²⁾
Non-qualified Stock Option (right to buy)	$484.12	02/08/2024		M			130	11/02/2020	11/02/2030	Common Stock	130	$0	0	D⁽²⁾
Non-qualified Stock Option (right to buy)	$504.58	02/08/2024		M			123	12/01/2020	12/01/2030	Common Stock	123	$0	0	D⁽²⁾
Non-qualified Stock Option (right to buy)	$522.86	02/08/2024		M			120	01/04/2021	01/04/2031	Common Stock	120	$0	0	D⁽²⁾
Non-qualified Stock Option (right to buy)	$539.04	02/08/2024		M			116	02/01/2021	02/01/2031	Common Stock	116	$0	0	D⁽²⁾
Non-qualified Stock Option (right to buy)	$550.64	02/08/2024		M			113	03/01/2021	03/01/2031	Common Stock	113	$0	0	D⁽²⁾
Non-qualified Stock Option (right to buy)	$539.42	02/08/2024		M			116	04/01/2021	04/01/2031	Common Stock	116	$0	0	D⁽²⁾

Explanation of Responses:

1. Jay C. Hoag has sole voting and dispositive power over the options and shares to be received upon exercise of such options that he holds directly. However, TCV VII Management, L.L.C. has a right to 100% of the pecuniary interest in such options and shares. Mr. Hoag is a Member of TCV VII Management, L.L.C. Mr. Hoag disclaims beneficial ownership of such options and the shares to be received upon the exercise of such options except to the extent of his pecuniary interest therein.

2. Jay C. Hoag has sole voting and dispositive power over the options and shares to be received upon exercise of such options that he holds directly. However, TCV VII Management, L.L.C. and TCV VIII Management, L.L.C. have a right to 100% of the pecuniary interest in such options and shares. Mr. Hoag is a Member of TCV VII Management, L.L.C. and a Member of TCV VIII Management, L.L.C. Mr. Hoag disclaims beneficial ownership of such options and the shares to be received upon the exercise of such options except to the extent of his pecuniary interest therein.

3. Jay C. Hoag has sole voting and dispositive power over the options and shares to be received upon exercise of such options that he holds directly. However, TCV VIII Management, L.L.C. has a right to 100% of the pecuniary interest in such options and shares. Mr. Hoag is a Member of TCV VIII Management, L.L.C. Mr. Hoag disclaims beneficial ownership of such options and the shares to be received upon the exercise of such options except to the extent of his pecuniary interest therein.

Remarks:

This is the first of three parts of a Form 4 filing for the Reporting Person. There are three parts to this Form 4 filing because of the constraint of a 30 transaction line maximum for tables in a Form 4.

	/s/ Frederic D. Fenton, Authorized signatory for Jay C. Hoag	02/12/2024
	** Signature of Reporting Person	Date
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* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
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