SARANDOS THEODORE A (Chief Content Officer) sold 8.8% of their position (27.31K shares) of NETFLIX INC on the open market

Open‑market sale worth $2.40M — a moderate reduction. Review remaining holdings and any 10b5‑1 plan disclosures.

S · 3 sales

SARANDOS THEODORE A

Filed: 5/5/2026ACC: 0001065280-26-000169

InsiderSARANDOS THEODORE ACIK 1393838

→

IssuerNETFLIX INCCIK 1065280

Officer· Chief Content Officer

Since Jul 2018

-54.39K

Net shares

Net seller

$4.90M

Total sold

Open market trades

0B · 3S

Total transactions

54.39K acquired · 108.78K disposed

Non-Derivative Transactions9

Common Stock

Direct

M · Option Exercise

+25.92K

Price / share

—

Trade value

—

% of position

9.1%

5/4/2026

284.80K→310.72K

Common Stock

Direct

M · Option Exercise

+14.45K

Price / share

—

Trade value

—

% of position

4.7%

5/4/2026

310.72K→325.17K

Common Stock

Direct

M · Option Exercise

+14.02K

Price / share

—

Trade value

—

% of position

4.3%

5/4/2026

325.17K→339.19K

Common Stock

Direct

F · Tax Withholding

−12.90K

Price / share

$92.06

Trade value

$1.19M

% of position

3.8%

5/4/2026

339.19K→326.29K

Common Stock

Direct

F · Tax Withholding

−7.19K

Price / share

$92.06

Trade value

$662.28K

% of position

2.2%

5/4/2026

326.29K→319.10K

Common Stock

Direct

F · Tax Withholding

−6.98K

Price / share

$92.06

Trade value

$642.49K

% of position

2.2%

5/4/2026

319.10K→312.12K

Common Stock

Direct

S · Sale

−13.02K

Price / share

$87.96

Trade value

$1.15M

% of position

4.2%

5/5/2026

312.12K→299.10K

Common Stock

Direct

S · Sale

−7.26K

Price / share

$87.97

Trade value

$638.34K

% of position

2.4%

5/5/2026

299.10K→291.84K

Common Stock

Direct

S · Sale

−7.04K

Price / share

$87.98

Trade value

$619.26K

% of position

2.4%

5/5/2026

291.84K→284.80K

Total

Net shares

+0.00

Net value

-$4.90M

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	5/4/2026	M · Option Exercise	+25.92K	—	—	9.1%	284.80K	310.72K
Common Stock Direct	5/4/2026	M · Option Exercise	+14.45K	—	—	4.7%	310.72K	325.17K
Common Stock Direct	5/4/2026	M · Option Exercise	+14.02K	—	—	4.3%	325.17K	339.19K
Common Stock Direct	5/4/2026	F · Tax Withholding	−12.90K	$92.06	$1.19M	3.8%	339.19K	326.29K
Common Stock Direct	5/4/2026	F · Tax Withholding	−7.19K	$92.06	$662.28K	2.2%	326.29K	319.10K
Common Stock Direct	5/4/2026	F · Tax Withholding	−6.98K	$92.06	$642.49K	2.2%	319.10K	312.12K
Common Stock Direct	5/5/2026	S · Sale	−13.02K	$87.96	$1.15M	4.2%	312.12K	299.10K
Common Stock Direct	5/5/2026	S · Sale	−7.26K	$87.97	$638.34K	2.4%	299.10K	291.84K
Common Stock Direct	5/5/2026	S · Sale	−7.04K	$87.98	$619.26K	2.4%	291.84K	284.80K
Total			+0.00		-$4.90M

Derivative Transactions3

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Common Stock

25.92K shares

−25.92K

Strike price

Held after

51.86K

Exercisable

—

5/4/2026

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Common Stock

14.45K shares

−14.45K

Strike price

Held after

86.65K

Exercisable

—

5/4/2026

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Common Stock

14.02K shares

−14.02K

Strike price

Held after

140.18K

Exercisable

—

5/4/2026

Security	Converts To	Date	Type	Shares	Exercisable	Held After
Restricted Stock Units Direct	Common Stock25.92K shares	5/4/2026	M · Option Exercise	−25.92K	—	51.86K
Restricted Stock Units Direct	Common Stock14.45K shares	5/4/2026	M · Option Exercise	−14.45K	—	86.65K
Restricted Stock Units Direct	Common Stock14.02K shares	5/4/2026	M · Option Exercise	−14.02K	—	140.18K