Netflix

(e) On September 8, 2021, the Board of Directors of Netflix, Inc. (the “Company”) approved the Amended and Restated Executive Severance and Retention Incentive Plan (the “Plan”), which provides a severance benefit upon termination of employment (other than for cause, death or permanent disability) to employees of the Company at the level of Vice President or higher so long as he or she signs a waiver and release of claims in a form reasonably satisfactory to the Company. In order to remain competitive in attracting and retaining top talent, the Plan was amended to, among other things, increase the minimum severance benefit under the Plan from nine months to 12 months of allocatable compensation.

Compensation for Named Executive Officers The Compensation Committee of the Board of Directors (the “Committee”) has established the annual salaries and stock option allocation for 2021 for the Company’s Named Executive Officers. These salaries and option allocation are as follows: ANNUAL SALARY ANNUAL STOCK OPTION ALLOCATION Reed Hastings, Co-Chief Executive Officer and Chairman of the Board $ 650,000 $ 34,000,000 Ted Sarandos, Co-Chief Executive Officer and Chief Content Officer 20,000,000 14,650,000 Spencer Neumann, Chief Financial Officer 6,000,000 5,550,000 Greg Peters, Chief Operating Officer and Chief Product Officer 12,000,000 6,900,000 David Hyman, Chief Legal Officer and Secretary 4,725,000 4,725,000 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).

On December 16, 2020, Mr. Strive Masiyiwa was appointed to the Board of Directors (the “Board”) of Netflix, Inc. (the “Company”). His appointment is effective immediately and he will hold office as a Class II director with a term expiring at the Company's annual meeting of stockholders in 2022. He has not yet been appointed to serve as a member of any Board committees. Mr. Masiyiwa, like the Company’s other non-employee directors, will receive stock options pursuant to the Director Equity Compensation Plan. The Director Equity Compensation Plan provides for a monthly grant of stock options to each non-employee director of the Company in consideration for services provided to the Company and subject to the terms and conditions of the Company’s 2020 Stock Plan.

On December 9, 2020, Ambassador Susan Rice notified Netflix, Inc. (the "Company") that she will be resigning from the Board of Directors of the Company effective January 20, 2021.

On July 13, 2020, Ted Sarandos, age 55, was appointed as co-Chief Executive Officer of the Company. Mr. Sarandos will serve as co-Chief Executive Officer with Reed Hastings, the Company’s co-Chief Executive Officer, President, and Chairman of the Board. Additionally, Mr. Sarandos has been appointed to the Company's Board of Directors (the “Board”) and will hold office as a class III director. He has not yet been appointed to serve as a member of any Board committee. Both appointments were effective as of July 14, 2020. Mr. Sarandos has been responsible for all content operations since 2000 and will continue to also serve as the Company’s Chief Content Officer. On July 13, 2020, Greg Peters, age 49, was appointed as the Company's Chief Operating Officer, effective July 14, 2020. Mr.

Compensation for Named Executive Officers The Compensation Committee of the Board of Directors (the “Committee”) has established the annual salaries and stock option allocation for 2020 for the Company’s Named Executive Officers. These salaries and option allocation are as follows: ANNUAL SALARY ANNUAL STOCK OPTION ALLOCATION (1) Reed Hastings, Chief Executive Officer and Chairman of the Board $ 650,000 $ 34,000,000 Spencer Neumann, Chief Financial Officer 6,050,000 5,500,000 Ted Sarandos, Chief Content Officer 20,000,000 14,650,000 Greg Peters, Chief Product Officer 12,000,000 6,900,000 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).

On December 31, 2018, Netflix, Inc. (the "Company") appointed Spencer Neumann, age 48, as its new Chief Financial Officer effective January 7, 2019. Mr. Neumann served as Activision Blizzard Inc. Chief Financial Officer from May 2017. Prior to that, Mr. Neumann held a number of positions of increasing responsibility at The Walt Disney Company, most recently serving as the chief financial officer and executive vice president of Global Guest Experience of Walt Disney Parks and Resorts, from 2012 until May 2017. From 2005 to 2012, Mr. Neumann worked at the private equity firms of Providence Equity Partners and Summit Partners. Prior to that, Mr. Neumann held several other roles with Disney, which he initially joined in 1992, including executive vice president of the ABC Television Network from 2001 to 2004 and chief financial officer of the Walt Disney Internet Group from 1999 to 2001.

Compensation for Named Executive Officers The Compensation Committee of the Board of Directors (the “Committee”) has established the annual salaries and stock option allocation for 2019 for the Company’s Named Executive Officers. These salaries and option allocation are as follows: ANNUAL SALARY ANNUAL STOCK OPTION ALLOCATION (1) Reed Hastings, Chief Executive Officer and Chairman of the Board $ 700,000 $ 30,800,000 David Wells, Chief Financial Officer 3,500,000 2,800,000 Ted Sarandos, Chief Content Officer 18,000,000 13,500,000 Greg Peters, Chief Product Officer 10,000,000 6,800,000 David Hyman, General Counsel and Secretary 3,500,000 3,850,000 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).

(b) On September 20, 2018, Mr. A. George (Skip) Battle notified the Company that he will be retiring from the Company’s Board of Directors effective December 15, 2018.

On September 12, 2018, Dr. Mathias Döpfner was appointed to the Board of Directors (the “Board”) of Netflix, Inc. (“Netflix”). His appointment is effective September 18, 2018 and he will hold office as a Class III director. He has not yet been appointed to serve as a member of any Board committees. Dr. Döpfner, like the Company’s other non-employee directors, will receive stock options pursuant to the Director Equity Compensation Plan. The Director Equity Compensation Plan provides for a monthly grant of stock options to each non-employee director of the Company in consideration for services provided to the Company and subject to the terms and conditions of the Company’s 2011 Stock Plan. The actual number of options to be granted will be determined by the following formula: $25,000 / ([fair market value on the date of grant] x 0.40).

On August 13, 2018, Netflix, Inc. (“Netflix”) announced that David Wells intends to resign as Netflix’s Chief Financial Officer pending the appointment of his replacement. A copy of the press release is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference into this

On March 24, 2018, Ambassador Susan Rice was appointed to the Board of Directors (the “Board”) of Netflix, Inc. (“Netflix”). Her appointment is effective March 26, 2018 and she will hold office as a Class II director. She has not yet been appointed to serve as a member of any Board committees. Ambassador Rice, like the Company’s other non-employee directors, will receive stock options pursuant to the Director Equity Compensation Plan. The Director Equity Compensation Plan provides for a monthly grant of stock options to each non-employee director of the Company in consideration for services provided to the Company and subject to the terms and conditions of the Company’s 2011 Stock Plan. The actual number of options to be granted will be determined by the following formula: $25,000 / ([fair market value on the date of grant] x 0.40).

On January 21, 2018, Rodolphe Belmer was appointed to the Board of Directors (the “Board”) of Netflix, Inc. (“Netflix”). His appointment is effective January 23, 2018 and he will hold office as a Class I director. He has not yet been appointed to serve as a member of any Board committees. Mr. Belmer, like the Company’s other non-employee directors, will receive stock options pursuant to the Director Equity Compensation Plan. The Director Equity Compensation Plan provides for a monthly grant of stock options to each non-employee director of the Company in consideration for services provided to the Company and subject to the terms and conditions of the Company’s 2011 Stock Plan. The actual number of options to be granted will be determined by the following formula: $25,000 / ([fair market value on the date of grant] x 0.40).

Compensation for Named Executive Officers The Compensation Committee of the Board of Directors (the “Committee”) has established the annual salaries and stock option allocation for 2018 for the Company’s Named Executive Officers. These salaries and option allocation are as follows: ANNUAL SALARY (1) ANNUAL STOCK OPTION ALLOWANCE (2) Reed Hastings, Chief Executive Officer and Chairman of the Board $ 700,000 $ 28,700,000 David Wells, Chief Financial Officer 2,800,000 2,450,000 Ted Sarandos, Chief Content Officer 12,000,000 14,250,000 Greg Peters, Chief Product Officer 6,000,000 6,600,000 David Hyman, General Counsel and Secretary 2,500,000 3,275,000 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).

On April 10, 2017, Netflix, Inc. (“Netflix”) filed a Form 8-K disclosing the resignation of Neil Hunt, Chief Product Officer, in July 2017. At that time, Netflix also announced that Mr. Hunt would be succeeded by Greg Peters. Mr. Hunt resigned effective June 23, 2017. In recognition of Mr. Peters's new role, his compensation (as described more fully in the Company's proxy statement filed with the Securities and Exchange Commission on April 24, 2017) increased as follows (all amounts on an annualized basis and to be pro rated for the remainder of the year): Annual Salary Annual Stock Option Allowance Estimated Target Bonus Greg Peters $1,000,000 $3,400,000 $4,000,000 In connection with his departure from Netflix, Mr.

On April 7, 2017, Netflix, Inc. (“Netflix”) announced that Neil Hunt will resign as Netflix’s Chief Product Officer effective July 2017. He will be succeeded by Greg Peters, the Company’s current International Development Officer. Netflix also announced on April 7, that Tawni Cranz, Chief Talent Officer, is leaving the Company and will pursue other interests. A copy of the press release is attached hereto as Exhibit 99.1.

Compensation for Named Executive Officers The Compensation Committee of the Board of Directors (the “Committee”) has established the annual salaries and stock option allowances for 2017 for the Company’s Named Executive Officers. These salaries and option allowances, as well as estimated target bonuses, are as follows: ANNUAL SALARY ANNUAL STOCK OPTION ALLOWANCE (1) ESTIMATED TARGET BONUS Reed Hastings, Chief Executive Officer and Chairman of the Board $ 850,000 $ 21,200,000 $ — David Wells, Chief Financial Officer 2,500,000 1,910,000 — Ted Sarandos, Chief Content Officer 1,000,000 11,000,000 9,000,000 Neil Hunt, Chief Product Officer 1,000,000 2,410,000 5,200,000 Greg Peters, Chief Streaming and Partnerships Officer 1,000,000 3,275,000 1,500,000 The number of options to be granted each month is determined by the following formula: (annual stock option allowance ÷ 12) / ([Fair Market Val…