Michelle Zatlyn - 12 Oct 2021 Form 4 Insider Report for Cloudflare, Inc. (NET)

Signature
/s/ Lindsey Cochran, by power of attorney
Issuer symbol
NET
Transactions as of
12 Oct 2021
Net transactions value
-$10,143,779
Form type
4
Filing time
14 Oct 2021, 19:38:28 UTC
Previous filing
24 Sep 2021
Next filing
15 Oct 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 12 Oct 2021 See footnote F1, F2
transaction NET Class A Common Stock Sale $450,072 -3,088 -11% $145.75 24,687 12 Oct 2021 See footnote F2, F3, F4
transaction NET Class A Common Stock Sale $1,126,896 -7,692 -31% $146.50 16,995 12 Oct 2021 See footnote F2, F3, F5
transaction NET Class A Common Stock Sale $657,988 -4,461 -26% $147.50 12,534 12 Oct 2021 See footnote F2, F3, F6
transaction NET Class A Common Stock Sale $458,243 -3,086 -25% $148.49 9,448 12 Oct 2021 See footnote F2, F3, F7
transaction NET Class A Common Stock Sale $932,834 -6,222 -66% $149.93 3,226 12 Oct 2021 See footnote F2, F3, F8
transaction NET Class A Common Stock Sale $486,477 -3,226 -100% $150.80 0 12 Oct 2021 See footnote F2, F3, F9
transaction NET Class A Common Stock Conversion of derivative security +5,555 5,555 12 Oct 2021 See footnote F1, F10
transaction NET Class A Common Stock Sale $90,510 -621 -11% $145.75 4,934 12 Oct 2021 See footnote F3, F4, F10
transaction NET Class A Common Stock Sale $224,439 -1,532 -31% $146.50 3,402 12 Oct 2021 See footnote F3, F5, F10
transaction NET Class A Common Stock Sale $131,864 -894 -26% $147.50 2,508 12 Oct 2021 See footnote F3, F6, F10
transaction NET Class A Common Stock Sale $91,171 -614 -24% $148.49 1,894 12 Oct 2021 See footnote F3, F7, F10
transaction NET Class A Common Stock Sale $187,402 -1,250 -66% $149.92 644 12 Oct 2021 See footnote F3, F8, F10
transaction NET Class A Common Stock Sale $97,116 -644 -100% $150.80 0 12 Oct 2021 See footnote F3, F9, F10
transaction NET Class A Common Stock Conversion of derivative security +27,775 27,775 13 Oct 2021 See footnote F1, F2
transaction NET Class A Common Stock Sale $101,621 -665 -2.4% $152.81 27,110 13 Oct 2021 See footnote F2, F3, F11
transaction NET Class A Common Stock Sale $386,162 -2,504 -9.2% $154.22 24,606 13 Oct 2021 See footnote F2, F3, F12
transaction NET Class A Common Stock Sale $1,176,210 -7,582 -31% $155.13 17,024 13 Oct 2021 See footnote F2, F3, F13
transaction NET Class A Common Stock Sale $861,295 -5,516 -32% $156.14 11,508 13 Oct 2021 See footnote F2, F3, F14
transaction NET Class A Common Stock Sale $1,011,124 -6,432 -56% $157.20 5,076 13 Oct 2021 See footnote F2, F3, F15
transaction NET Class A Common Stock Sale $492,595 -3,115 -61% $158.14 1,961 13 Oct 2021 See footnote F2, F3, F16
transaction NET Class A Common Stock Sale $311,634 -1,961 -100% $158.92 0 13 Oct 2021 See footnote F2, F3, F17
transaction NET Class A Common Stock Conversion of derivative security +5,555 5,555 13 Oct 2021 See footnote F1, F10
transaction NET Class A Common Stock Sale $20,630 -135 -2.4% $152.82 5,420 13 Oct 2021 See footnote F3, F10, F11
transaction NET Class A Common Stock Sale $76,491 -496 -9.2% $154.22 4,924 13 Oct 2021 See footnote F3, F10, F12
transaction NET Class A Common Stock Sale $235,802 -1,520 -31% $155.13 3,404 13 Oct 2021 See footnote F3, F10, F13
transaction NET Class A Common Stock Sale $172,228 -1,103 -32% $156.14 2,301 13 Oct 2021 See footnote F3, F10, F14
transaction NET Class A Common Stock Sale $201,849 -1,284 -56% $157.20 1,017 13 Oct 2021 See footnote F3, F10, F15
transaction NET Class A Common Stock Sale $99,151 -627 -62% $158.13 390 13 Oct 2021 See footnote F3, F10, F16
transaction NET Class A Common Stock Sale $61,977 -390 -100% $158.92 0 13 Oct 2021 See footnote F3, F10, 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 -0.67% $0.000000 4,105,063 12 Oct 2021 Class A Common Stock 27,775 See footnote F1, F2
transaction NET Class B Common Stock Conversion of derivative security $0 -5,555 -0.33% $0.000000 1,676,276 12 Oct 2021 Class A Common Stock 5,555 See footnote F1, F10
transaction NET Class B Common Stock Conversion of derivative security $0 -27,775 -0.68% $0.000000 4,077,288 13 Oct 2021 Class A Common Stock 27,775 See footnote F1, F2
transaction NET Class B Common Stock Conversion of derivative security $0 -5,555 -0.33% $0.000000 1,670,721 13 Oct 2021 Class A Common Stock 5,555 See footnote F1, F10
holding NET Class B Common Stock 294,275 12 Oct 2021 Class A Common Stock 294,275 See footnote F1, F18
holding NET Class B Common Stock 2,000,000 12 Oct 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 $145.04 to $146.03, 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 (9) and (11) 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 $146.04 to $147.03, inclusive.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $147.05 to $148.005, inclusive.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $148.05 to $148.99, inclusive.
F8 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $149.42 to $150.415, inclusive.
F9 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $150.48 to $151.11, inclusive.
F10 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.
F11 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $152.24 to $153.22, inclusive.
F12 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $153.60 to $154.58, inclusive.
F13 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $154.61 to $155.60, inclusive.
F14 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $155.61 to $156.60, inclusive.
F15 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $156.65 to $157.645, inclusive.
F16 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $157.65 to $158.635, inclusive.
F17 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $158.68 to $159.075, 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.