Form 4: Netflix Co-CEO Gregory Peters Transfers Stock Options to Family Trust
SEC Form 4 Filing
Netflix Co-CEO Gregory Peters transferred a significant number of 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.
- The transferred options cover a total of 257,051 shares of Netflix common stock.
- These options have various exercise prices, exercisable dates, and expiration dates, as detailed in the filing.
- Mr. Peters and his spouse are trustees and beneficiaries of the Peters Family Trust.
- This Form 4 is the second of two being filed by Mr. Peters on the same date due to the limitation on the number of transactions reportable on a single form.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to executive compensation and wealth management, with no direct impact on the company's financials or operations.
Industry Context
Executive stock option transfers are a common practice for estate planning and wealth management among high-level executives in publicly traded companies.
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
- The transaction has minimal direct impact on stakeholders, as it is a transfer of existing stock options and does not involve new issuance of shares or changes in company operations.
Key Dates
| Date | Description |
|---|---|
| 07/01/2022 | Earliest exercisable date for some of the transferred stock options. |
| 01/02/2025 | Latest exercisable date for some of the transferred stock options. |
| 04/21/2025 | Date of the stock option transfer to the Peters Family Trust. |
| 04/23/2025 | Date of the Form 4 filing. |
| 07/01/2032 | Earliest expiration date for some of the transferred stock options. |
| 01/02/2034 | Latest expiration date for some of the transferred stock options. |
Keywords
Form 4, Netflix, Gregory Peters, Stock Options, Family Trust, Beneficial Ownership, SEC Filing
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