Matthew Prince - 17 Nov 2021 Form 4 Insider Report for Cloudflare, Inc. (NET)

Signature
/s/ Lindsey Cochran, by power of attorney
Issuer symbol
NET
Transactions as of
17 Nov 2021
Net transactions value
-$22,364,228
Form type
4
Filing time
19 Nov 2021, 18:32:00 UTC
Previous filing
22 Oct 2021
Next filing
22 Nov 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 +57,102 57,102 17 Nov 2021 See footnote F1, F2
transaction NET Class A Common Stock Gift $0 -4,717 -8.3% $0.000000 52,385 17 Nov 2021 See footnote F2
transaction NET Class A Common Stock Sale $236,465 -1,133 -2.2% $208.71 51,252 17 Nov 2021 See footnote F2, F3, F4
transaction NET Class A Common Stock Sale $1,089,893 -5,199 -10% $209.64 46,053 17 Nov 2021 See footnote F2, F3, F5
transaction NET Class A Common Stock Sale $2,013,811 -9,558 -21% $210.69 36,495 17 Nov 2021 See footnote F2, F3, F6
transaction NET Class A Common Stock Sale $4,252,953 -20,097 -55% $211.62 16,398 17 Nov 2021 See footnote F2, F3, F7
transaction NET Class A Common Stock Sale $1,819,267 -8,558 -52% $212.58 7,840 17 Nov 2021 See footnote F2, F3, F8
transaction NET Class A Common Stock Sale $1,030,558 -4,825 -62% $213.59 3,015 17 Nov 2021 See footnote F2, F3, F9
transaction NET Class A Common Stock Sale $539,535 -2,515 -83% $214.53 500 17 Nov 2021 See footnote F2, F3, F10
transaction NET Class A Common Stock Sale $107,640 -500 -100% $215.28 0 17 Nov 2021 See footnote F2, F3, F11
transaction NET Class A Common Stock Conversion of derivative security +52,385 52,385 18 Nov 2021 See footnote F1, F2
transaction NET Class A Common Stock Sale $401,538 -1,919 -3.7% $209.24 50,466 18 Nov 2021 See footnote F2, F3, F12
transaction NET Class A Common Stock Sale $1,824,838 -8,684 -17% $210.14 41,782 18 Nov 2021 See footnote F2, F3, F13
transaction NET Class A Common Stock Sale $649,045 -3,077 -7.4% $210.93 38,705 18 Nov 2021 See footnote F2, F3, F14
transaction NET Class A Common Stock Sale $26,334 -124 -0.32% $212.37 38,581 18 Nov 2021 See footnote F2, F3, F15
transaction NET Class A Common Stock Sale $64,007 -300 -0.78% $213.36 38,281 18 Nov 2021 See footnote F2, F3, F16
transaction NET Class A Common Stock Sale $601,898 -2,807 -7.3% $214.43 35,474 18 Nov 2021 See footnote F2, F3, F17
transaction NET Class A Common Stock Sale $1,387,941 -6,440 -18% $215.52 29,034 18 Nov 2021 See footnote F2, F3, F18
transaction NET Class A Common Stock Sale $2,689,422 -12,430 -43% $216.37 16,604 18 Nov 2021 See footnote F2, F3, F19
transaction NET Class A Common Stock Sale $1,489,988 -6,852 -41% $217.45 9,752 18 Nov 2021 See footnote F2, F3, F20
transaction NET Class A Common Stock Sale $634,101 -2,905 -30% $218.28 6,847 18 Nov 2021 See footnote F2, F3, F21
transaction NET Class A Common Stock Sale $1,017,176 -4,635 -68% $219.46 2,212 18 Nov 2021 See footnote F2, F3, F22
transaction NET Class A Common Stock Sale $436,249 -1,979 -89% $220.44 233 18 Nov 2021 See footnote F2, F3, F23
transaction NET Class A Common Stock Sale $51,567 -233 -100% $221.32 0 18 Nov 2021 See footnote F2, F3, F24

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 -57,102 -0.31% $0.000000 18,382,966 17 Nov 2021 Class A Common Stock 57,102 See footnote F1, F2, F25
transaction NET Class B Common Stock Conversion of derivative security $0 -52,385 -0.28% $0.000000 18,330,581 18 Nov 2021 Class A Common Stock 52,385 See footnote F1, F2, F25
holding NET Class B Common Stock 491,031 17 Nov 2021 Class A Common Stock 491,031 See footnote F1, F26
holding NET Class B Common Stock 4,000,000 17 Nov 2021 Class A Common Stock 4,000,000 See footnote F1, F27
holding NET Class B Common Stock 4,000,000 17 Nov 2021 Class A Common Stock 4,000,000 See footnote F1, F28
holding NET Class B Common Stock 6,569,442 17 Nov 2021 Class A Common Stock 6,569,442 See footnote F1, F29
holding NET Class B Common Stock 1,060,000 17 Nov 2021 Class A Common Stock 1,060,000 See footnote F1, F30
* 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 (the "Revocable Trust").
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 $208.13 to $209.09, 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 (24) 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 $209.13 to $210.10, inclusive.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $210.16 to $211.15, inclusive.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $211.16 to $212.155, inclusive.
F8 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $212.16 to $213.14, inclusive.
F9 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $213.16 to $214.13, inclusive.
F10 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $214.16 to $215.15, inclusive.
F11 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $215.175 to $215.445, inclusive.
F12 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $208.65 to $209.60, inclusive.
F13 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $209.67 to $210.66, inclusive.
F14 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $210.67 to $211.66, inclusive.
F15 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $211.67 to $212.53, inclusive.
F16 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $212.95 to $213.59, inclusive.
F17 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $213.95 to $214.935, inclusive.
F18 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $214.96 to $215.95, inclusive.
F19 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $215.96 to $216.955, inclusive.
F20 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $216.96 to $217.95, inclusive.
F21 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $217.98 to $218.94, inclusive.
F22 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $219.07 to $220.06, inclusive.
F23 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $220.11 to $220.895, inclusive.
F24 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $221.12 to $221.49, inclusive.
F25 Of the reported shares, 1,833,334 vest in 22 months beginning on December 13, 2021.
F26 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.
F27 The shares are held of record by The Matthew Prince 2021 Grantor Retained Annuity Trust #1 UA 5/25/2021, for which the reporting person serves as co-trustee and investment advisor.
F28 The shares are held of record by The Matthew Prince 2021 Grantor Retained Annuity Trust #2 UA 8/13/2021, for which the reporting person serves as co-trustee and investment advisor.
F29 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.
F30 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.