A statement of changes in beneficial ownership was filed on November 3, 2026, disclosing that Bradford L. Smith, a director of Netflix, Inc. (NASDAQ:NFLX), acquired non-qualified stock options on November 2, 2026.

Key Highlights

  • Reporting person: Bradford L. Smith, identified as a Director of Netflix, Inc.
  • Security acquired: 1,003 Non-Qualified Stock Options (right to buy) in Common Stock, acquired on November 2, 2026.
  • Exercise price: $62.34 per share, with a price of $0 for the derivative security at acquisition.
  • Option term: Exercisable as of November 2, 2026, and expiring on November 2, 2036.
  • Post-transaction holdings: 1,003 derivative securities beneficially owned directly following the reported transaction.
  • Signatory: The filing was signed by Veronique Bourdeau as Authorized Signatory for Bradford L. Smith, dated November 3, 2026.

Netflix Director Bradford L. Smith Receives Stock Option Grant

According to the filing, Bradford L. Smith, serving as a Director of Netflix, Inc., acquired 1,003 Non-Qualified Stock Options on November 2, 2026. The transaction was recorded under Transaction Code "A," indicating an acquisition. The options carry an exercise price of $62.34 per share and were acquired at a price of $0, with the underlying security being Netflix Common Stock. Netflix is a global streaming entertainment service that generates revenue primarily through subscription fees paid by members accessing its content library across television, film, and games.

The filing reports that following the transaction, Smith directly beneficially owns 1,003 derivative securities. The options are listed as exercisable beginning November 2, 2026, with an expiration date of November 2, 2036, giving a ten-year window from the grant date. No shares of non-derivative common stock were reported as acquired, disposed of, or beneficially owned in Table I of the filing. The form was filed individually, indicating it covers one reporting person only.

The filing was submitted to the SEC on November 3, 2026, the day after the date of the earliest reported transaction. It was signed by Veronique Bourdeau as Authorized Signatory on behalf of Bradford L. Smith. No amendment date was indicated, and the filing does not note any Rule 10b5-1(c) plan in connection with this transaction.

What Was Disclosed

The filing discloses that Netflix Director Bradford L. Smith acquired 1,003 Non-Qualified Stock Options with an exercise price of $62.34 and an expiration in 2036, resulting in direct beneficial ownership of 1,003 derivative securities following the November 2, 2026 transaction.