SEC FORM 4

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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)
07/26/2023

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	07/26/2023		M		301	A	$117.22	301	D⁽¹⁾
Common Stock	07/26/2023		M		277	A	$127.49	578	D⁽¹⁾
Common Stock	07/26/2023		M		251	A	$140.78	829	D⁽¹⁾
Common Stock	07/26/2023		M		247	A	$142.65	1,076	D⁽¹⁾
Common Stock	07/26/2023		M		241	A	$146.92	1,317	D⁽¹⁾
Common Stock	07/26/2023		M		227	A	$155.35	1,544	D⁽¹⁾
Common Stock	07/26/2023		M		216	A	$162.99	1,760	D⁽¹⁾
Common Stock	07/26/2023		M		242	A	$146.17	2,002	D⁽¹⁾
Common Stock	07/26/2023		M		194	A	$182.03	2,196	D⁽¹⁾
Common Stock	07/26/2023		M		202	A	$174.74	2,398	D⁽¹⁾
Common Stock	07/26/2023		M		199	A	$177.01	2,597	D⁽¹⁾
Common Stock	07/26/2023		M		187	A	$198	2,784	D⁽¹⁾
Common Stock	07/26/2023		M		197	A	$186.82	2,981	D⁽¹⁾
Common Stock	07/26/2023		M		202	A	$201.07	3,183	D⁽¹⁾
Common Stock	07/26/2023		M		153	A	$265.07	3,336	D⁽¹⁾
Common Stock	07/26/2023		M		140	A	$290.39	3,476	D⁽¹⁾
Common Stock	07/26/2023		M		145	A	$280.29	3,621	D⁽¹⁾
Common Stock	07/26/2023		M		129	A	$313.3	3,750	D⁽¹⁾
Common Stock	07/26/2023		M		113	A	$359.93	3,863	D⁽¹⁾
Common Stock	07/26/2023		M		102	A	$398.18	3,965	D⁽¹⁾
Common Stock	07/26/2023		M		120	A	$338.38	4,085	D⁽¹⁾
Common Stock	07/26/2023		M		111	A	$363.6	4,196	D⁽¹⁾
Common Stock	07/26/2023		M		106	A	$381.43	4,302	D⁽¹⁾
Common Stock	07/26/2023		M		128	A	$317.38	4,430	D⁽¹⁾
Common Stock	07/26/2023		M		140	A	$290.3	4,570	D⁽¹⁾
Common Stock	07/26/2023		M		151	A	$267.66	4,721	D⁽¹⁾
Common Stock	07/26/2023		M		119	A	$339.85	4,840	D⁽¹⁾
Common Stock	07/26/2023		M		114	A	$357.32	4,954	D⁽¹⁾
Common Stock	07/26/2023		S		4,954	D	$422.24⁽²⁾	0	D⁽¹⁾

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)	$117.22	07/26/2023		M			301	12/01/2016	12/01/2026	Common Stock	301	$0	0	D⁽¹⁾
Non-qualified Stock Option (right to buy)	$127.49	07/26/2023		M			277	01/03/2017	01/03/2027	Common Stock	277	$0	0	D⁽¹⁾
Non-qualified Stock Option (right to buy)	$140.78	07/26/2023		M			251	02/01/2017	02/01/2027	Common Stock	251	$0	0	D⁽¹⁾
Non-qualified Stock Option (right to buy)	$142.65	07/26/2023		M			247	03/01/2017	03/01/2027	Common Stock	247	$0	0	D⁽¹⁾
Non-qualified Stock Option (right to buy)	$146.92	07/26/2023		M			241	04/03/2017	04/03/2027	Common Stock	241	$0	0	D⁽¹⁾
Non-qualified Stock Option (right to buy)	$155.35	07/26/2023		M			227	05/01/2017	05/01/2027	Common Stock	227	$0	0	D⁽¹⁾
Non-qualified Stock Option (right to buy)	$162.99	07/26/2023		M			216	06/01/2017	06/01/2027	Common Stock	216	$0	0	D⁽¹⁾
Non-qualified Stock Option (right to buy)	$146.17	07/26/2023		M			242	07/03/2017	07/03/2027	Common Stock	242	$0	0	D⁽¹⁾
Non-qualified Stock Option (right to buy)	$182.03	07/26/2023		M			194	08/01/2017	08/01/2027	Common Stock	194	$0	0	D⁽¹⁾
Non-qualified Stock Option (right to buy)	$174.74	07/26/2023		M			202	09/01/2017	09/01/2027	Common Stock	202	$0	0	D⁽¹⁾
Non-qualified Stock Option (right to buy)	$177.01	07/26/2023		M			199	10/02/2017	10/02/2027	Common Stock	199	$0	0	D⁽¹⁾
Non-qualified Stock Option (right to buy)	$198	07/26/2023		M			187	11/01/2017	11/01/2027	Common Stock	187	$0	0	D⁽¹⁾
Non-qualified Stock Option (right to buy)	$186.82	07/26/2023		M			197	12/01/2017	12/01/2027	Common Stock	197	$0	0	D⁽¹⁾
Non-qualified Stock Option (right to buy)	$201.07	07/26/2023		M			202	01/02/2018	01/02/2028	Common Stock	202	$0	0	D⁽¹⁾
Non-qualified Stock Option (right to buy)	$265.07	07/26/2023		M			153	02/01/2018	02/01/2028	Common Stock	153	$0	0	D⁽¹⁾
Non-qualified Stock Option (right to buy)	$290.39	07/26/2023		M			140	03/01/2018	03/01/2028	Common Stock	140	$0	0	D⁽¹⁾
Non-qualified Stock Option (right to buy)	$280.29	07/26/2023		M			145	04/02/2018	04/02/2028	Common Stock	145	$0	0	D⁽¹⁾
Non-qualified Stock Option (right to buy)	$313.3	07/26/2023		M			129	05/01/2018	05/01/2028	Common Stock	129	$0	0	D⁽¹⁾
Non-qualified Stock Option (right to buy)	$359.93	07/26/2023		M			113	06/01/2018	06/01/2028	Common Stock	113	$0	61⁽³⁾	D⁽¹⁾
Non-qualified Stock Option (right to buy)	$398.18	07/26/2023		M			102	07/02/2018	07/02/2028	Common Stock	102	$0	55⁽³⁾	D⁽¹⁾
Non-qualified Stock Option (right to buy)	$338.38	07/26/2023		M			120	08/01/2018	08/01/2028	Common Stock	120	$0	0	D⁽¹⁾
Non-qualified Stock Option (right to buy)	$363.6	07/26/2023		M			111	09/04/2018	09/04/2028	Common Stock	111	$0	60⁽³⁾	D⁽¹⁾
Non-qualified Stock Option (right to buy)	$381.43	07/26/2023		M			106	10/01/2018	10/01/2028	Common Stock	106	$0	58⁽³⁾	D⁽¹⁾
Non-qualified Stock Option (right to buy)	$317.38	07/26/2023		M			128	11/01/2018	11/01/2028	Common Stock	128	$0	0	D⁽¹⁾
Non-qualified Stock Option (right to buy)	$290.3	07/26/2023		M			140	12/03/2018	12/03/2028	Common Stock	140	$0	0	D⁽¹⁾
Non-qualified Stock Option (right to buy)	$267.66	07/26/2023		M			151	01/02/2019	01/02/2029	Common Stock	151	$0	0	D⁽¹⁾
Non-qualified Stock Option (right to buy)	$339.85	07/26/2023		M			119	02/01/2019	02/01/2029	Common Stock	119	$0	0	D⁽¹⁾
Non-qualified Stock Option (right to buy)	$357.32	07/26/2023		M			114	03/01/2019	03/01/2029	Common Stock	114	$0	61⁽³⁾	D⁽¹⁾

Explanation of Responses:

1. Jay C. Hoag has sole voting and dispositive power over the options he holds directly. However, TCV VIII Management, L.L.C. has a right to 100% of the pecuniary interest in such options. 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.

2. The price reported in column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $422.18 to $422.34 per share. The Reporting Person hereby undertakes to provide upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

3. Jay C. Hoag has sole voting and dispositive power over the remaining options he holds directly. However, TCV VII Management, L.L.C. has a right to 100% of the pecuniary interest in such remaining options. 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.

Remarks:

This is the first part of a Form 4 filing for the Reporting Person. There are two 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	07/28/2023
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.