Michelle Zatlyn - Jun 23, 2021 Form 4 Insider Report for Cloudflare, Inc. (NET)

Role
President and COO, Director
Signature
/s/ Lindsey Cochran, by power of attorney
Stock symbol
NET
Transactions as of
Jun 23, 2021
Transactions value $
-$10,436,170
Form type
4
Date filed
6/25/2021, 09:07 PM
Previous filing
May 27, 2021
Next filing
Jul 9, 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 +27.8K 27.8K Jun 23, 2021 See footnote F1, F2
transaction NET Class A Common Stock Sale -$1.57M -15.2K -54.89% $102.96 12.5K Jun 23, 2021 See footnote F2, F3, F4
transaction NET Class A Common Stock Sale -$1.3M -12.5K -100% $103.58 0 Jun 23, 2021 See footnote F2, F3, F5
transaction NET Class A Common Stock Conversion of derivative security +5.56K 5.56K Jun 23, 2021 See footnote F1, F6
transaction NET Class A Common Stock Sale -$315K -3.06K -55.03% $102.97 2.5K Jun 23, 2021 See footnote F3, F4, F6
transaction NET Class A Common Stock Sale -$259K -2.5K -100% $103.57 0 Jun 23, 2021 See footnote F3, F5, F6
transaction NET Class A Common Stock Conversion of derivative security +27.8K 27.8K Jun 24, 2021 See footnote F1, F2
transaction NET Class A Common Stock Sale -$1.88M -18K -64.69% $104.68 9.81K Jun 24, 2021 See footnote F2, F3, F7
transaction NET Class A Common Stock Sale -$524K -4.97K -50.66% $105.37 4.84K Jun 24, 2021 See footnote F2, F3, F8
transaction NET Class A Common Stock Sale -$480K -4.51K -93.1% $106.45 334 Jun 24, 2021 See footnote F2, F3, F9
transaction NET Class A Common Stock Sale -$35.8K -334 -100% $107.32 0 Jun 24, 2021 See footnote F2, F3, F10
transaction NET Class A Common Stock Conversion of derivative security +5.56K 5.56K Jun 24, 2021 See footnote F1, F6
transaction NET Class A Common Stock Sale -$375K -3.58K -64.43% $104.68 1.98K Jun 24, 2021 See footnote F3, F6, F7
transaction NET Class A Common Stock Sale -$107K -1.02K -51.37% $105.37 961 Jun 24, 2021 See footnote F3, F6, F8
transaction NET Class A Common Stock Sale -$95.3K -895 -93.13% $106.46 66 Jun 24, 2021 See footnote F3, F6, F9
transaction NET Class A Common Stock Sale -$7.08K -66 -100% $107.32 0 Jun 24, 2021 See footnote F3, F6, F10
transaction NET Class A Common Stock Conversion of derivative security +27.8K 27.8K Jun 25, 2021 See footnote F1, F2
transaction NET Class A Common Stock Sale -$378K -3.65K -13.16% $103.37 24.1K Jun 25, 2021 See footnote F2, F3, F11
transaction NET Class A Common Stock Sale -$1.28M -12.2K -50.64% $104.42 11.9K Jun 25, 2021 See footnote F2, F3, F12
transaction NET Class A Common Stock Sale -$787K -7.47K -62.78% $105.30 4.43K Jun 25, 2021 See footnote F2, F3, F13
transaction NET Class A Common Stock Sale -$469K -4.43K -100% $105.92 0 Jun 25, 2021 See footnote F2, F3, F14
transaction NET Class A Common Stock Conversion of derivative security +5.56K 5.56K Jun 25, 2021 See footnote F1, F6
transaction NET Class A Common Stock Sale -$75.6K -731 -13.16% $103.37 4.82K Jun 25, 2021 See footnote F3, F6, F11
transaction NET Class A Common Stock Sale -$255K -2.44K -50.64% $104.42 2.38K Jun 25, 2021 See footnote F3, F6, F12
transaction NET Class A Common Stock Sale -$157K -1.49K -62.75% $105.29 887 Jun 25, 2021 See footnote F3, F6, F15
transaction NET Class A Common Stock Sale -$93.9K -887 -100% $105.92 0 Jun 25, 2021 See footnote F3, F6, F14

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 -27.8K -0.62% $0.00 4.45M Jun 23, 2021 Class A Common Stock 27.8K See footnote F1, F2
transaction NET Class B Common Stock Conversion of derivative security $0 -5.56K -0.32% $0.00 1.74M Jun 23, 2021 Class A Common Stock 5.56K See footnote F1, F6
transaction NET Class B Common Stock Conversion of derivative security $0 -27.8K -0.62% $0.00 4.42M Jun 24, 2021 Class A Common Stock 27.8K See footnote F1, F2
transaction NET Class B Common Stock Conversion of derivative security $0 -5.56K -0.32% $0.00 1.74M Jun 24, 2021 Class A Common Stock 5.56K See footnote F1, F6
transaction NET Class B Common Stock Conversion of derivative security $0 -27.8K -0.63% $0.00 4.39M Jun 25, 2021 Class A Common Stock 27.8K See footnote F1, F2
transaction NET Class B Common Stock Conversion of derivative security $0 -5.56K -0.32% $0.00 1.73M Jun 25, 2021 Class A Common Stock 5.56K See footnote F1, F6
holding NET Class B Common Stock 294K Jun 23, 2021 Class A Common Stock 294K See footnote F1, F16
holding NET Class B Common Stock 2M Jun 23, 2021 Class A Common Stock 2M See footnote F1, F17
* 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 Sutherland/Zatlyn Revocable Trust dated November 17, 2016, for which the reporting person serves as co-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 $102.26 to $103.255, 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) and (5) and (7) through (15) 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 $103.26 to $104.07, inclusive.
F6 The shares are held of record by The Sutherland/Zatlyn Irrevocable Remainder Trust dated December 15, 2017, for which the reporting person serves as co-trustee.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $104.01 to $105.00, inclusive.
F8 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $105.01 to $105.92, inclusive.
F9 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $106.06 to $106.87, inclusive.
F10 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $107.13 to $107.62, inclusive.
F11 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $102.73 to $103.705, inclusive.
F12 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $103.73 to $104.715, inclusive.
F13 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $104.75 to $105.74, inclusive.
F14 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $105.75 to $106.19, inclusive.
F15 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $104.75 to $105.73, inclusive.
F16 The shares are held of record by SZ 2020 Irrevocable Trust dated November 25, 2020, for which the reporting person serves as an investment advisor.
F17 The shares are held of record by The Sutherland/Zatlyn 2021 Annuity Trust dated May 22, 2021, for which the reporting person serves as co-trustee.