Michelle Zatlyn - 07 Jul 2021 Form 4 Insider Report for Cloudflare, Inc. (NET)

Signature
/s/ Lindsey Cochran, by power of attorney
Issuer symbol
NET
Transactions as of
07 Jul 2021
Net transactions value
-$7,196,692
Form type
4
Filing time
09 Jul 2021, 20:45:51 UTC
Previous filing
25 Jun 2021
Next filing
12 Jul 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 +27,775 27,775 07 Jul 2021 See footnote F1, F2
transaction NET Class A Common Stock Sale $376,542 -3,495 -13% $107.74 24,280 07 Jul 2021 See footnote F2, F3, F4
transaction NET Class A Common Stock Sale $1,758,821 -16,194 -67% $108.61 8,086 07 Jul 2021 See footnote F2, F3, F5
transaction NET Class A Common Stock Sale $809,851 -7,395 -91% $109.51 691 07 Jul 2021 See footnote F2, F3, F6
transaction NET Class A Common Stock Sale $76,352 -691 -100% $110.49 0 07 Jul 2021 See footnote F2, F3, F7
transaction NET Class A Common Stock Conversion of derivative security +5,555 5,555 07 Jul 2021 See footnote F1, F8
transaction NET Class A Common Stock Sale $75,203 -698 -13% $107.74 4,857 07 Jul 2021 See footnote F3, F4, F8
transaction NET Class A Common Stock Sale $353,092 -3,251 -67% $108.61 1,606 07 Jul 2021 See footnote F3, F5, F8
transaction NET Class A Common Stock Sale $160,660 -1,467 -91% $109.52 139 07 Jul 2021 See footnote F3, F6, F8
transaction NET Class A Common Stock Sale $15,358 -139 -100% $110.49 0 07 Jul 2021 See footnote F3, F8, F9
transaction NET Class A Common Stock Conversion of derivative security +27,775 27,775 08 Jul 2021 See footnote F1, F2
transaction NET Class A Common Stock Sale $104,428 -1,019 -3.7% $102.48 26,756 08 Jul 2021 See footnote F2, F3, F10
transaction NET Class A Common Stock Sale $243,971 -2,356 -8.8% $103.55 24,400 08 Jul 2021 See footnote F2, F3, F11
transaction NET Class A Common Stock Sale $95,645 -915 -3.8% $104.53 23,485 08 Jul 2021 See footnote F2, F3, F12
transaction NET Class A Common Stock Sale $282,557 -2,671 -11% $105.79 20,814 08 Jul 2021 See footnote F2, F3, F13
transaction NET Class A Common Stock Sale $562,310 -5,276 -25% $106.58 15,538 08 Jul 2021 See footnote F2, F3, F14
transaction NET Class A Common Stock Sale $523,787 -4,864 -31% $107.69 10,674 08 Jul 2021 See footnote F2, F3, F15
transaction NET Class A Common Stock Sale $1,117,693 -10,260 -96% $108.94 414 08 Jul 2021 See footnote F2, F3, F16
transaction NET Class A Common Stock Sale $45,288 -414 -100% $109.39 0 08 Jul 2021 See footnote F2, F3, F17
transaction NET Class A Common Stock Conversion of derivative security +5,555 5,555 08 Jul 2021 See footnote F1, F8
transaction NET Class A Common Stock Sale $21,213 -207 -3.7% $102.48 5,348 08 Jul 2021 See footnote F3, F8, F10
transaction NET Class A Common Stock Sale $48,463 -468 -8.8% $103.55 4,880 08 Jul 2021 See footnote F3, F8, F11
transaction NET Class A Common Stock Sale $19,337 -185 -3.8% $104.53 4,695 08 Jul 2021 See footnote F3, F8, F12
transaction NET Class A Common Stock Sale $55,857 -528 -11% $105.79 4,167 08 Jul 2021 See footnote F3, F8, F13
transaction NET Class A Common Stock Sale $112,547 -1,056 -25% $106.58 3,111 08 Jul 2021 See footnote F3, F8, F14
transaction NET Class A Common Stock Sale $105,965 -984 -32% $107.69 2,127 08 Jul 2021 See footnote F3, F8, F15
transaction NET Class A Common Stock Sale $222,344 -2,041 -96% $108.94 86 08 Jul 2021 See footnote F3, F8, F16
transaction NET Class A Common Stock Sale $9,408 -86 -100% $109.39 0 08 Jul 2021 See footnote F3, F8, F17

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 -27,775 -0.63% $0.000000 4,364,138 07 Jul 2021 Class A Common Stock 27,775 See footnote F1, F2
transaction NET Class B Common Stock Conversion of derivative security $0 -5,555 -0.32% $0.000000 1,726,271 07 Jul 2021 Class A Common Stock 5,555 See footnote F1, F8
transaction NET Class B Common Stock Conversion of derivative security $0 -27,775 -0.64% $0.000000 4,336,363 08 Jul 2021 Class A Common Stock 27,775 See footnote F1, F2
transaction NET Class B Common Stock Conversion of derivative security $0 -5,555 -0.32% $0.000000 1,720,716 08 Jul 2021 Class A Common Stock 5,555 See footnote F1, F8
holding NET Class B Common Stock 294,275 07 Jul 2021 Class A Common Stock 294,275 See footnote F1, F18
holding NET Class B Common Stock 2,000,000 07 Jul 2021 Class A Common Stock 2,000,000 See footnote F1, F19
* 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 $107.05 to $108.04, 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 (7) and (9) through (17) 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 $108.12 to $109.11, inclusive.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $109.12 to $110.08, inclusive.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $110.13 to $110.725, inclusive.
F8 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.
F9 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $110.13 to $110.765, inclusive.
F10 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $102.10 to $103.09, inclusive.
F11 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $103.10 to $104.085, inclusive.
F12 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $104.125 to $104.84, inclusive.
F13 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $105.19 to $106.18, inclusive.
F14 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $106.19 to $107.16, inclusive.
F15 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $107.23 to $108.16, inclusive.
F16 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $108.31 to $109.30, inclusive.
F17 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $109.325 to $109.47, inclusive.
F18 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.
F19 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.