Matthew Prince - May 19, 2021 Form 4 Insider Report for Cloudflare, Inc. (NET)

Signature
/s/ Lindsey Cochran, by power of attorney
Stock symbol
NET
Transactions as of
May 19, 2021
Transactions value $
-$11,436,027
Form type
4
Date filed
5/21/2021, 07:32 PM
Next filing
Jun 16, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NET Class A Common Stock Conversion of derivative security +52.4K 52.4K May 19, 2021 See footnote F1, F2
transaction NET Class A Common Stock Sale -$351K -5.1K -9.73% $68.84 47.3K May 19, 2021 See footnote F2, F3, F4
transaction NET Class A Common Stock Sale -$1.65M -23.6K -49.81% $69.86 23.7K May 19, 2021 See footnote F2, F3, F5
transaction NET Class A Common Stock Sale -$1.67M -23.7K -100% $70.45 0 May 19, 2021 See footnote F2, F3, F6
transaction NET Class A Common Stock Conversion of derivative security +52.4K 52.4K May 20, 2021 See footnote F1, F2
transaction NET Class A Common Stock Sale -$449K -6.25K -11.93% $71.80 46.1K May 20, 2021 See footnote F2, F3, F7
transaction NET Class A Common Stock Sale -$1.52M -20.9K -45.38% $72.49 25.2K May 20, 2021 See footnote F2, F3, F8
transaction NET Class A Common Stock Sale -$991K -13.4K -53.35% $73.70 11.8K May 20, 2021 See footnote F2, F3, F9
transaction NET Class A Common Stock Sale -$874K -11.8K -100% $74.39 0 May 20, 2021 See footnote F2, F3, F10
transaction NET Class A Common Stock Conversion of derivative security +52.4K 52.4K May 21, 2021 See footnote F1, F2
transaction NET Class A Common Stock Sale -$185K -2.5K -4.77% $74.09 49.9K May 21, 2021 See footnote F2, F3, F11
transaction NET Class A Common Stock Sale -$2.45M -32.6K -65.39% $75.01 17.3K May 21, 2021 See footnote F2, F3, F12
transaction NET Class A Common Stock Sale -$1.3M -17.3K -100% $75.53 0 May 21, 2021 See footnote F2, F3, F13

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction NET Class B Common Stock Conversion of derivative security $0 -52.4K -0.19% $0.00 27.1M May 19, 2021 Class A Common Stock 52.4K See footnote F1, F2, F14
transaction NET Class B Common Stock Conversion of derivative security $0 -52.4K -0.19% $0.00 27.1M May 20, 2021 Class A Common Stock 52.4K See footnote F1, F2, F14
transaction NET Class B Common Stock Conversion of derivative security $0 -52.4K -0.19% $0.00 27M May 21, 2021 Class A Common Stock 52.4K See footnote F1, F2, F14
holding NET Class B Common Stock 2.79M May 19, 2021 Class A Common Stock 2.79M See footnote F1, F15
holding NET Class B Common Stock 553K May 19, 2021 Class A Common Stock 553K Se footnote F1, F16
holding NET Class B Common Stock 3.94M May 19, 2021 Class A Common Stock 3.94M See footnote F1, F17
holding NET Class B Common Stock 1.06M May 19, 2021 Class A Common Stock 1.06M See footnote F1, F18
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at the reporting person's election and has no expiration date.
F2 The shares are held of record by The Matthew Prince Revocable Trust dated October 29, 2015, for which the reporting person serves as trustee.
F3 The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 11, 2020.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $68.20 to $69.19, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (4) through (13) to this Form 4.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $69.20 to $70.195, inclusive.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $70.20 to $70.77, inclusive.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $71.12 to $72.115, inclusive.
F8 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $72.12 to $73.11, inclusive.
F9 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $73.12 to $74.11, inclusive.
F10 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $74.12 to $74.59, inclusive.
F11 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $73.42 to $74.40, inclusive.
F12 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $74.42 to $75.41, inclusive.
F13 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $75.42 to $75.79, inclusive.
F14 Of the reported shares, 2,333,334 vest in 28 months beginning on June 13, 2021.
F15 The shares are held of record by The Matthew Prince 2019 Annuity Trust dated May 22, 2019, for which the reporting person serves as co-trustee and investment advisor.
F16 The shares are held of record by The Matthew Prince 2020 Annuity Trust dated May 20, 2020, for which the reporting person serves as co-trustee and investment advisor.
F17 The shares are held of record by The Prince Family Nonexempt Irrevocable Trust dated March 29, 2016, for which the reporting person serves as an investment advisor.
F18 The shares are held of record by The Prince Family Exempt Irrevocable Trust dated March 29, 2016, for which the reporting person serves as an investment advisor.