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 OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      
1. Name and Address of Reporting Person * HASTINGS REED 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
__X__ Officer (give title below)    _____ Other (specify below)
Co-CEO
(Last)         (First)         (Middle)
100 WINCHESTER CIRCLE
3. Date of Earliest Transaction (MM/DD/YYYY)
11/23/2020
(Street)
LOS GATOS, CA 95032
(City)       (State)       (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)
 
6. Individual or Joint/Group Filing (Check Applicable Line) _X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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  11/23/2020    M    32697 (1) A $25.4871  32697  D   
Common Stock  11/23/2020    S    10177 (1) D $476.3173 (2) 22520  D   
Common Stock  11/23/2020    M    32648 (1) A $38.2843  55168  D   
Common Stock  11/23/2020    S    4016 (1) D $477.4214 (3) 51152  D   
Common Stock  11/23/2020    M    33222 (1) A $37.6257  84374  D   
Common Stock  11/23/2020    S    1300 (1) D $478.3869 (4) 83074  D   
Common Stock  11/23/2020    M    37513 (1) A $33.3243  120587  D   
Common Stock  11/23/2020    S    13179 (1) D $479.7338 (5) 107408  D   
Common Stock  11/23/2020    M    77266 (1) A $16.1786  184674  D   
Common Stock  11/23/2020    S    34153 (1) D $480.7325 (6) 150521  D   
Common Stock  11/23/2020    S    30915 (1) D $481.788 (7) 119606  D   
Common Stock  11/23/2020    S    52494 (1) D $482.6398 (8) 67112  D   
Common Stock  11/23/2020    S    24750 (1) D $483.7409 (9) 42362  D   
Common Stock  11/23/2020    S    12656 (1) D $484.5669 (10) 29706  D   
Common Stock  11/23/2020    S    12100 (1) D $485.6691 (11) 17606  D   
Common Stock  11/23/2020    S    3109 (1) D $486.5448 (12) 14497  D   
Common Stock  11/23/2020    S    4275 (1) D $487.6929 (13) 10222  D   
Common Stock  11/23/2020    S    2200 (1) D $488.6145 (14) 8022  D   
Common Stock  11/23/2020    S    5600 (1) D $489.7148 (15) 2422  D   
Common Stock  11/23/2020    S    2422 (1) D $490.4451 (16) 0  D   
Common Stock                 5005392  I  by Trust 

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 7. Title and Amount of Securities Underlying Derivative Security
(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)  $16.1786  11/23/2020    M        77266 (1)  10/3/2011  10/3/2021  Common Stock  77266  $0.0  0  D   
Non-Qualified Stock Option (right to buy)  $25.4871  11/23/2020    M        32697 (1)  1/3/2011  1/3/2021  Common Stock  32697  $0.0  0  D   
Non-Qualified Stock Option (right to buy)  $33.3243  11/23/2020    M        37513 (1)  9/1/2011  9/1/2021  Common Stock  37513  $0.0  0  D   
Non-Qualified Stock Option (right to buy)  $37.6257  11/23/2020    M        33222 (1)  8/1/2011  8/1/2021  Common Stock  33222  $0.0  0  D   
Non-Qualified Stock Option (right to buy)  $38.2843  11/23/2020    M        32648 (1)  7/1/2011  7/1/2021  Common Stock  32648  $0.0  0  D   

Explanation of Responses:
(1)  Transaction made pursuant to duly adopted trading plan under Rule 10b5-1(c).
(2)  This transaction was executed in multiple trades at prices ranging from $475.93 to $476.91. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
(3)  This transaction was executed in multiple trades at prices ranging from $476.99 to $477.89. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
(4)  This transaction was executed in multiple trades at prices ranging from $477.99 to $478.78. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
(5)  This transaction was executed in multiple trades at prices ranging from $479.20 to $480.19. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
(6)  This transaction was executed in multiple trades at prices ranging from $480.20 to $481.19. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
(7)  This transaction was executed in multiple trades at prices ranging from $481.20 to $482.19. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
(8)  This transaction was executed in multiple trades at prices ranging from $482.20 to $483.18. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
(9)  This transaction was executed in multiple trades at prices ranging from $483.20 to $484.19. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
(10)  This transaction was executed in multiple trades at prices ranging from $484.20 to $485.19. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
(11)  This transaction was executed in multiple trades at prices ranging from $485.20 to $486.19. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
(12)  This transaction was executed in multiple trades at prices ranging from $486.21 to $487.20. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
(13)  This transaction was executed in multiple trades at prices ranging from $487.23 to $488.22. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
(14)  This transaction was executed in multiple trades at prices ranging from $488.28 to $489.27. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
(15)  This transaction was executed in multiple trades at prices ranging from $489.29 to $490.04. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
(16)  This transaction was executed in multiple trades at prices ranging from $490.31 to $490.46. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
HASTINGS REED
100 WINCHESTER CIRCLE
LOS GATOS, CA 95032
X
Co-CEO

Signatures
By: Veronique Bourdeau, Authorized Signatory For: Reed Hastings 11/24/2020
**Signature of Reporting Person Date
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