Sec Form 4 Filing - Hoag Jay C @ NETFLIX INC - 2023-07-26

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

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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Hoag Jay C 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) (Last) (First) (Middle) C/O TECHNOLOGY CROSSOVER VENTURES, 250 MIDDLEFIELD ROAD 3. Date of Earliest Transaction (MM/DD/YY) 07/26/2023 (Street) MENLO PARK, CA94025 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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) Code V Amount (A) or (D) Price 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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 7. Title and Amount of Underlying Securities (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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares 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 )

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Hoag Jay C C/O TECHNOLOGY CROSSOVER VENTURES 250 MIDDLEFIELD ROAD MENLO PARK, CA94025 X Signatures /s/ Frederic D. Fenton, Authorized signatory for Jay C. Hoag 07/28/2023 Signature of Reporting Person Date

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.

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.
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