Matthew Prince - Dec 14, 2021 Form 4 Insider Report for Cloudflare, Inc. (NET)

Signature
/s/ Lindsey Cochran, by power of attorney
Stock symbol
NET
Transactions as of
Dec 14, 2021
Transactions value $
-$6,926,102
Form type
4
Date filed
12/15/2021, 06:41 PM
Previous filing
Dec 14, 2021
Next filing
Dec 27, 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 +52.4K 52.4K Dec 14, 2021 See footnote F1, F2
transaction NET Class A Common Stock Sale -$674K -5.27K -10.06% $127.91 47.1K Dec 14, 2021 See footnote F2, F3, F4
transaction NET Class A Common Stock Sale -$578K -4.48K -9.51% $128.91 42.6K Dec 14, 2021 See footnote F2, F3, F5
transaction NET Class A Common Stock Sale -$988K -7.61K -17.85% $129.82 35K Dec 14, 2021 See footnote F2, F3, F6
transaction NET Class A Common Stock Sale -$520K -3.97K -11.33% $131.06 31.1K Dec 14, 2021 See footnote F2, F3, F7
transaction NET Class A Common Stock Sale -$1.11M -8.39K -27.03% $131.96 22.7K Dec 14, 2021 See footnote F2, F3, F8
transaction NET Class A Common Stock Sale -$799K -6.01K -26.51% $133.00 16.7K Dec 14, 2021 See footnote F2, F3, F9
transaction NET Class A Common Stock Sale -$544K -4.06K -24.37% $133.99 12.6K Dec 14, 2021 See footnote F2, F3, F10
transaction NET Class A Common Stock Sale -$450K -3.33K -26.45% $134.95 9.26K Dec 14, 2021 See footnote F2, F3, F11
transaction NET Class A Common Stock Sale -$527K -3.88K -41.85% $136.04 5.39K Dec 14, 2021 See footnote F2, F3, F12
transaction NET Class A Common Stock Sale -$656K -4.79K -88.86% $137.08 600 Dec 14, 2021 See footnote F2, F3, F13
transaction NET Class A Common Stock Sale -$82.6K -600 -100% $137.75 0 Dec 14, 2021 See footnote F2, F3, 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 -52.4K -0.29% $0.00 18.1M Dec 14, 2021 Class A Common Stock 52.4K See footnote F1, F2, F15
holding NET Class B Common Stock 491K Dec 14, 2021 Class A Common Stock 491K See footnote F1, F16
holding NET Class B Common Stock 4M Dec 14, 2021 Class A Common Stock 4M See footnote F1, F17
holding NET Class B Common Stock 4M Dec 14, 2021 Class A Common Stock 4M See footnote F1, F18
holding NET Class B Common Stock 6.57M Dec 14, 2021 Class A Common Stock 6.57M See footnote F1, F19
holding NET Class B Common Stock 1.06M Dec 14, 2021 Class A Common Stock 1.06M See footnote F1, F20
* 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.
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 $127.365 to $128.36, 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 (14) 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 $128.37 to $129.35, inclusive.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $129.37 to $130.32, inclusive.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $130.455 to $131.45, inclusive.
F8 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $131.47 to $132.45, inclusive.
F9 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $132.475 to $133.46, inclusive.
F10 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $133.50 to $134.44, inclusive.
F11 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $134.51 to $135.48, inclusive.
F12 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $135.54 to $136.535, inclusive.
F13 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $136.57 to $137.52, inclusive.
F14 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $137.60 to $137.99, inclusive.
F15 Of the reported shares, 1,750,000 vest in 21 months beginning on January 13, 2022.
F16 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.
F17 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.
F18 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.
F19 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.
F20 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.