$NFLX · Netflix, Inc.

This Form 4 reports changes in beneficial ownership by Netflix Co-CEO Theodore A. Sarandos. On November 3, 2026, he received a total of 54,388 shares of Netflix common stock when restricted stock units from three separate grants vested and settled on a one-for-one basis. On the same day, 27,076 of those shares were withheld to satisfy tax withholding obligations at a price of $62.34 per share. The following day, November 4, 2026, Sarandos sold 27,312 shares at a weighted average price of $66.1998 per share, with individual trades executed at prices ranging from $66.135 to $66.25.

After these transactions, Sarandos directly held 178,954 shares of Netflix common stock. He also continued to hold restricted stock units from awards granted in January 2025 and January 2026, which vest in quarterly installments; following the reported vesting, 169,914 RSUs remained outstanding, while the January 2024 grant was fully settled.