Michelle Zatlyn - 14 Oct 2021 Form 4 Insider Report for Cloudflare, Inc. (NET)

Role
President and COO, Director
Signature
/s/ Lindsey Cochran, by power of attorney
Issuer symbol
NET
Transactions as of
14 Oct 2021
Net transactions value
-$5,462,398
Form type
4
Filing time
15 Oct 2021, 20:08:39 UTC
Previous filing
14 Oct 2021
Next filing
23 Nov 2021
SEC
View on sec.gov

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 14 Oct 2021 See footnote F1, F2
transaction NET Class A Common Stock Sale $82,017 -513 -1.8% $159.88 27,262 14 Oct 2021 See footnote F2, F3, F4
transaction NET Class A Common Stock Sale $152,937 -950 -3.5% $160.99 26,312 14 Oct 2021 See footnote F2, F3, F5
transaction NET Class A Common Stock Sale $563,201 -3,471 -13% $162.26 22,841 14 Oct 2021 See footnote F2, F3, F6
transaction NET Class A Common Stock Sale $1,168,332 -7,160 -31% $163.17 15,681 14 Oct 2021 See footnote F2, F3, F7
transaction NET Class A Common Stock Sale $744,618 -4,536 -29% $164.16 11,145 14 Oct 2021 See footnote F2, F3, F8
transaction NET Class A Common Stock Sale $1,727,474 -10,461 -94% $165.13 684 14 Oct 2021 See footnote F2, F3, F9
transaction NET Class A Common Stock Sale $113,420 -684 -100% $165.82 0 14 Oct 2021 See footnote F2, F3, F10
transaction NET Class A Common Stock Conversion of derivative security +5,555 5,555 14 Oct 2021 See footnote F1, F11
transaction NET Class A Common Stock Sale $13,906 -87 -1.6% $159.84 5,468 14 Oct 2021 See footnote F3, F4, F11
transaction NET Class A Common Stock Sale $24,146 -150 -2.7% $160.98 5,318 14 Oct 2021 See footnote F3, F5, F11
transaction NET Class A Common Stock Sale $134,524 -829 -16% $162.27 4,489 14 Oct 2021 See footnote F3, F6, F11
transaction NET Class A Common Stock Sale $225,163 -1,380 -31% $163.16 3,109 14 Oct 2021 See footnote F3, F7, F11
transaction NET Class A Common Stock Sale $144,316 -879 -28% $164.18 2,230 14 Oct 2021 See footnote F3, F8, F11
transaction NET Class A Common Stock Sale $344,631 -2,087 -94% $165.13 143 14 Oct 2021 See footnote F3, F9, F11
transaction NET Class A Common Stock Sale $23,712 -143 -100% $165.82 0 14 Oct 2021 See footnote F3, F10, F11

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 -0.68% $0.000000 4,049,513 14 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 1,665,166 14 Oct 2021 Class A Common Stock 5,555 See footnote F1, F11
holding NET Class B Common Stock 294,275 14 Oct 2021 Class A Common Stock 294,275 See footnote F1, F12
holding NET Class B Common Stock 2,000,000 14 Oct 2021 Class A Common Stock 2,000,000 See footnote F1, F13
* 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 $159.60 to $160.48, 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 (10) 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 $160.60 to $161.59, inclusive.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $161.63 to $162.625, inclusive.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $162.65 to $163.62, inclusive.
F8 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $163.685 to $164.675, inclusive.
F9 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $164.705 to $165.66, inclusive.
F10 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $165.77 to $165.97, inclusive.
F11 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.
F12 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.
F13 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.