# EDGAR Filing Document

**Accession Number:** 0001082906
**File Stem:** 0001104659-23-009361
**Filing Date:** 2023-2
**Character Count:** 11708
**Document Hash:** 30d7f9d6700dbaca1f429a2ab6f4d6b2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-23-009361.hdr.sgml**: 20230201

**ACCESSION NUMBER**: 0001104659-23-009361

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230130

**FILED AS OF DATE**: 20230201

**DATE AS OF CHANGE**: 20230201

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Hoag Jay C
- **CENTRAL INDEX KEY:** 0001082906

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-35727
- **FILM NUMBER:** 23578092

**MAIL ADDRESS:**
- **STREET 1:** 250 MIDDLEFIELD ROAD
- **CITY:** MENLO PARK
- **STATE:** CA
- **ZIP:** 94025

**FORMER NAME:**
- **FORMER CONFORMED NAME:** HOAG JAY C
- **DATE OF NAME CHANGE:** 19990329
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NETFLIX INC
- **CENTRAL INDEX KEY:** 0001065280
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-VIDEO TAPE RENTAL [7841]
- **IRS NUMBER:** 770467272
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 121 ALBRIGHT WAY
- **CITY:** LOS GATOS
- **STATE:** CA
- **ZIP:** 95032
- **BUSINESS PHONE:** 408-540-3700

**MAIL ADDRESS:**
- **STREET 1:** 121 ALBRIGHT WAY
- **CITY:** LOS GATOS
- **STATE:** CA
- **ZIP:** 95032-7606

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NETFLIX COM INC
- **DATE OF NAME CHANGE:** 20000229

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] 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**<sup>*</sup><br>Hoag Jay C<br><sub>(Last) (First) (Middle)</sub><br>C/O TECHNOLOGY CROSSOVER VENTURES<br>250 MIDDLEFIELD ROAD<br><sub>(Street)</sub><br>MENLO PARK, CA 94025<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-01-30 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [ ] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>NETFLIX INC [ NFLX ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Common Stock | 2023-01-30 |  | J<sup>(1)</sup> |  | 91517 | A | $0 | 91517 | I | Technology Crossover Management VII, L.P.<sup>(2)</sup> |
| Common Stock | 2023-01-30 |  | J<sup>(3)</sup> |  | 91517 | D | $0 | 0 | I | Technology Crossover Management VII, L.P.<sup>(2)</sup> |
| Common Stock | 2023-01-31 |  | M |  | 109 | A | $201.07 | 2376 | D<sup>(4)</sup> |  |
| Common Stock | 2023-01-31 |  | M |  | 83 | A | $265.07 | 2459 | D<sup>(4)</sup> |  |
| Common Stock | 2023-01-31 |  | M |  | 75 | A | $290.39 | 2534 | D<sup>(4)</sup> |  |
| Common Stock | 2023-01-31 |  | M |  | 78 | A | $280.29 | 2612 | D<sup>(4)</sup> |  |
| Common Stock | 2023-01-31 |  | M |  | 70 | A | $313.30 | 2682 | D<sup>(4)</sup> |  |
| Common Stock | 2023-01-31 |  | M |  | 65 | A | $338.38 | 2747 | D<sup>(4)</sup> |  |
| Common Stock | 2023-01-31 |  | M |  | 69 | A | $317.38 | 2816 | D<sup>(4)</sup> |  |
| Common Stock | 2023-01-31 |  | M |  | 76 | A | $290.30 | 2892 | D<sup>(4)</sup> |  |
| Common Stock | 2023-01-31 |  | M |  | 82 | A | $267.66 | 2974 | D<sup>(4)</sup> |  |
| Common Stock | 2023-01-31 |  | M |  | 65 | A | $339.85 | 3039 | D<sup>(4)</sup> |  |
| Common Stock | 2023-01-31 |  | M |  | 65 | A | $336.63 | 3104 | D<sup>(4)</sup> |  |
| Common Stock | 2023-01-31 |  | M |  | 68 | A | $319.50 | 3172 | D<sup>(4)</sup> |  |
| Common Stock | 2023-01-31 |  | M |  | 76 | A | $289.29 | 3248 | D<sup>(4)</sup> |  |
| Common Stock | 2023-01-31 |  | M |  | 81 | A | $269.58 | 3329 | D<sup>(4)</sup> |  |
| Common Stock | 2023-01-31 |  | M |  | 76 | A | $286.81 | 3405 | D<sup>(4)</sup> |  |
| Common Stock | 2023-01-31 |  | M |  | 71 | A | $309.99 | 3476 | D<sup>(4)</sup> |  |
| Common Stock | 2023-01-31 |  | M |  | 66 | A | $329.81 | 3542 | D<sup>(4)</sup> |  |
| Common Stock | 2023-01-31 |  | M |  | 20 | A | $199.46 | 3562 | D<sup>(4)</sup> |  |
| Common Stock | 2023-01-31 |  | M |  | 21 | A | $192.91 | 3583 | D<sup>(4)</sup> |  |
| Common Stock | 2023-01-31 |  | M |  | 22 | A | $179.95 | 3605 | D<sup>(4)</sup> |  |
| Common Stock | 2023-01-31 |  | M |  | 18 | A | $226.21 | 3623 | D<sup>(4)</sup> |  |
| Common Stock | 2023-01-31 |  | M |  | 17 | A | $230.04 | 3640 | D<sup>(4)</sup> |  |
| Common Stock | 2023-01-31 |  | M |  | 17 | A | $239.04 | 3657 | D<sup>(4)</sup> |  |
| Common Stock | 2023-01-31 |  | M |  | 14 | A | $286.75 | 3671 | D<sup>(4)</sup> |  |
| Common Stock | 2023-01-31 |  | M |  | 13 | A | $316.95 | 3684 | D<sup>(4)</sup> |  |
| Common Stock | 2023-01-31 |  | M |  | 14 | A | $294.95 | 3698 | D<sup>(4)</sup> |  |
| Common Stock | 2023-01-31 |  | S |  | 3698 | D | $352.94 | 0 | D<sup>(4)</sup> |  |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Non-qualified Stock Option (right to buy) | $329.81 | 2023-01-31 |  | M |  |  | 66 | 2020-01-02 | 2030-01-02 | Common Stock | 66 | $0 | 123<sup>(5)</sup> | D<sup>(4)</sup> |  |
| Non-qualified Stock Option (right to buy) | $199.46 | 2023-01-31 |  | M |  |  | 20 | 2022-05-02 | 2032-05-02 | Common Stock | 20 | $0 | 293<sup>(5)</sup> | D<sup>(4)</sup> |  |
| Non-qualified Stock Option (right to buy) | $192.91 | 2023-01-31 |  | M |  |  | 21 | 2022-06-01 | 2032-06-01 | Common Stock | 21 | $0 | 303<sup>(5)</sup> | D<sup>(4)</sup> |  |
| Non-qualified Stock Option (right to buy) | $179.95 | 2023-01-31 |  | M |  |  | 22 | 2022-07-01 | 2032-07-01 | Common Stock | 22 | $0 | 325<sup>(5)</sup> | D<sup>(4)</sup> |  |
| Non-qualified Stock Option (right to buy) | $226.21 | 2023-01-31 |  | M |  |  | 18 | 2022-08-01 | 2032-08-01 | Common Stock | 18 | $0 | 259<sup>(5)</sup> | D<sup>(4)</sup> |  |
| Non-qualified Stock Option (right to buy) | $230.04 | 2023-01-31 |  | M |  |  | 17 | 2022-09-01 | 2032-09-01 | Common Stock | 17 | $0 | 254<sup>(5)</sup> | D<sup>(4)</sup> |  |
| Non-qualified Stock Option (right to buy) | $239.04 | 2023-01-31 |  | M |  |  | 17 | 2022-10-03 | 2032-10-03 | Common Stock | 17 | $0 | 245<sup>(5)</sup> | D<sup>(4)</sup> |  |
| Non-qualified Stock Option (right to buy) | $286.75 | 2023-01-31 |  | M |  |  | 14 | 2022-11-01 | 2032-11-01 | Common Stock | 14 | $0 | 204<sup>(5)</sup> | D<sup>(4)</sup> |  |
| Non-qualified Stock Option (right to buy) | $316.95 | 2023-01-31 |  | M |  |  | 13 | 2022-12-01 | 2032-12-01 | Common Stock | 13 | $0 | 184<sup>(5)</sup> | D<sup>(4)</sup> |  |
| Non-qualified Stock Option (right to buy) | $294.95 | 2023-01-31 |  | M |  |  | 14 | 2023-01-03 | 2033-01-03 | Common Stock | 14 | $0 | 198<sup>(5)</sup> | D<sup>(4)</sup> |  |

---

### Footnotes:

(1) Acquisition by Technology Crossover Management VII, L.P. ("TCM VII") pursuant to an in kind pro-rata distribution by each of TCV VII, L.P. and TCV VII (A), L.P. to each of its respective partners, without consideration.

(2) These shares are directly held by TCM VII. Jay C. Hoag is a Class A Director of Technology Crossover Management VII, Ltd. ("Management VII") and a limited partner of TCM VII. Management VII is the sole general partner of TCM VII. Mr. Hoag may be deemed to beneficially own the shares held by TCM VII but disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

(3) In kind pro-rata distribution from TCM VII to its partners, without consideration.

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

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

**Remarks:**
This is the second and final 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.

**Signature:** /s/ Frederic D. Fenton Authorized signatory for Jay C. Hoag  
**Date:** 2023-02-01

### Remarks:

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.**