If you watched the full-circle finale of “You” Season 4, you probably said to yourself, “They’re setting up next season to be the last.” Your hunch has been confirmed: Netflix has officially renewed the psychological thriller series for a fifth and final season.

Season 5 will find a new pair of showrunners taking the reins as Sera Gamble, who developed the show with superproducer Greg Berlanti, steps away to work on other projects. Michael Foley and Justin W. Lo, who have been with the show for multiple seasons and achieved the rank of executive producers, will take over day-to-day operations. Gamble will remain an executive producer.

“You became an instant sensation on Netflix with a resounding cultural impact that has grown season over season,” Netflix scripted series VP Peter Friedlander said in a statement. “We’re excited — and a bit terrified — to see how it all ends for Joe Goldberg, but...