Item 5.02 (e) Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Compensation for Named Executive Officers
The Compensation Committee of the Board of Directors (the "Committee") of
Netflix, Inc. (the "Company") has established the annual salaries and stock
option allocation for 2022 for the Company's Named Executive Officers. These
salaries and stock option allocation are as follows:
                                                                                                ANNUAL STOCK
                                                                        ANNUAL SALARY         OPTION ALLOCATION
Reed Hastings, Co-Chief Executive Officer and Chairman of the         $      650,000          $   34,000,000
Board
Ted Sarandos, Co-Chief Executive Officer and Chief Content                20,000,000              20,000,000

Officer


Spencer Neumann, Chief Financial Officer                                   7,000,000               7,000,000
Greg Peters, Chief Operating Officer and Chief Product Officer            16,000,000               8,000,000
David Hyman, Chief Legal Officer and Secretary                             6,000,000               5,000,000
Rachel Whetstone, Chief Communications Officer                             5,500,000               1,000,000



The number of options to be granted each month is determined by the following
formula: (annual stock option allocation ÷ 12) / ([Fair Market Value on the date
of grant] * 0.40). Each monthly grant shall be made on the first trading day of
the month, shall be fully vested upon grant and shall be exercisable at a strike
price equal to the Fair Market Value (as defined in the Company's 2020 Stock
Plan) on the date of grant. The options will be subject to the terms and
conditions of the Company's 2020 Stock Plan and will be administered on a
non-discretionary basis without further action by the Board of Directors or the
Committee, provided that only the Board of Directors or the Committee may change
the amount or terms of future grants. These stock options are fully vested upon
grant and can generally be exercised up to 10 years following the date of grant,
regardless of employment status.

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