HYMAN DAVID A 4

What Happened David A. Hyman, Chief Legal Officer of Netflix, was granted 35,272 restricted stock units (RSUs) on January 22, 2026. The Form 4 lists the acquisition as an award/derivative (price reported as $0.00), meaning no cash was paid by the insider for these units. RSUs represent a contingent right to receive Netflix common stock upon vesting.

Key Details

• Transaction date: 2026-01-22; Form 4 filed 2026-01-23 (appears timely).
• Award: 35,272 RSUs; filing shows acquisition code A (derivative) with price $0.00.
• Vesting: Per filing footnote, 1/12th of the RSUs vest quarterly beginning February 3, 2026 (or the next trading day if that date is not a trading day).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Footnotes: F1 — each RSU converts to one share on vesting; F2 — quarterly 1/12th vesting schedule.
• This is a compensation award (not an open-market purchase or sale).

Context RSU grants are a common form of executive compensation and do not by themselves indicate buying or selling sentiment. These units are convertible to shares over time as they vest; until vested, they are contingent rights rather than current stock ownership.