Form 4: Netflix Co-CEO Gregory K. Peters Transfers Stock Options to Family Trust
SEC Form 4 Filing
Gregory K. Peters, Co-CEO of Netflix, transferred non-qualified stock options to the Peters Family Trust on April 21, 2025.
Summary
- On April 21, 2025, Gregory K. Peters, Co-CEO of Netflix, transferred non-qualified stock options to the Peters Family Trust.
- Mr. Peters and his spouse are trustees and beneficiaries of the trust.
- The stock options give the right to buy common stock at prices ranging from $192.91 to $681.17.
- The options were originally granted between January 2, 2020, and April 1, 2022, and expire between January 2, 2030, and June 1, 2032.
- This Form 4 is the first of two being filed by Mr. Peters on the same date due to the limitation on the number of transactions that can be reported on a single form.
Sentiment
Score: 5
Explanation: This is a routine transaction (stock option transfer to a family trust) and doesn't inherently indicate positive or negative sentiment.
Industry Context
Executive stock option transfers are a common practice for estate planning and wealth management.
Related Party Transactions
- The transfer of stock options to the Peters Family Trust, for which Mr. Peters and his spouse are trustees and beneficiaries, constitutes a related party transaction.
Stakeholder Impact
- This transaction is unlikely to have a significant impact on Netflix stakeholders.
Key Dates
| Date | Description |
|---|---|
| 01/02/2020 | Earliest grant date of stock options transferred. |
| 04/01/2022 | Latest grant date of stock options transferred. |
| 04/21/2025 | Date of stock option transfer to the Peters Family Trust. |
| 04/23/2025 | Date of filing the Form 4. |
| 01/02/2030 | Earliest expiration date of stock options transferred. |
| 06/01/2032 | Latest expiration date of stock options transferred. |
Keywords
Form 4, Netflix, Stock Options, Gregory K. Peters, Beneficial Ownership, Transfer, Peters Family Trust, Co-CEO
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