Michelle Zatlyn - 20 Dec 2021 Form 4 Insider Report for Cloudflare, Inc. (NET)

Signature
/s/ Lindsey Cochran, by power of attorney
Issuer symbol
NET
Transactions as of
20 Dec 2021
Net transactions value
-$4,380,080
Form type
4
Filing time
21 Dec 2021, 17:00:42 UTC
Previous filing
29 Nov 2021
Next filing
22 Dec 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 20 Dec 2021 See footnote F1, F2
transaction NET Class A Common Stock Sale $10,592 -84 -0.3% $126.10 27,691 20 Dec 2021 See footnote F2, F3
transaction NET Class A Common Stock Sale $114,053 -890 -3.2% $128.15 26,801 20 Dec 2021 See footnote F2, F3, F4
transaction NET Class A Common Stock Sale $257,831 -1,995 -7.4% $129.24 24,806 20 Dec 2021 See footnote F2, F3, F5
transaction NET Class A Common Stock Sale $773,592 -5,947 -24% $130.08 18,859 20 Dec 2021 See footnote F2, F3, F6
transaction NET Class A Common Stock Sale $445,969 -3,402 -18% $131.09 15,457 20 Dec 2021 See footnote F2, F3, F7
transaction NET Class A Common Stock Sale $1,381,064 -10,449 -68% $132.17 5,008 20 Dec 2021 See footnote F2, F3, F8
transaction NET Class A Common Stock Sale $573,685 -4,312 -86% $133.04 696 20 Dec 2021 See footnote F2, F3, F9
transaction NET Class A Common Stock Sale $93,282 -696 -100% $134.03 0 20 Dec 2021 See footnote F2, F3, F10
transaction NET Class A Common Stock Conversion of derivative security +5,555 5,555 20 Dec 2021 See footnote F1, F11
transaction NET Class A Common Stock Sale $2,018 -16 -0.29% $126.10 5,539 20 Dec 2021 See footnote F3, F11
transaction NET Class A Common Stock Sale $22,811 -178 -3.2% $128.15 5,361 20 Dec 2021 See footnote F3, F4, F11
transaction NET Class A Common Stock Sale $52,598 -407 -7.6% $129.23 4,954 20 Dec 2021 See footnote F3, F5, F11
transaction NET Class A Common Stock Sale $152,713 -1,174 -24% $130.08 3,780 20 Dec 2021 See footnote F3, F6, F11
transaction NET Class A Common Stock Sale $89,927 -686 -18% $131.09 3,094 20 Dec 2021 See footnote F3, F7, F11
transaction NET Class A Common Stock Sale $276,367 -2,091 -68% $132.17 1,003 20 Dec 2021 See footnote F3, F8, F11
transaction NET Class A Common Stock Sale $115,082 -865 -86% $133.04 138 20 Dec 2021 See footnote F3, F9, F11
transaction NET Class A Common Stock Sale $18,496 -138 -100% $134.03 0 20 Dec 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 -0.7% $0.000000 3,938,413 20 Dec 2021 Class A Common Stock 27,775 See footnote F1, F2
transaction NET Class B Common Stock Conversion of derivative security $0 -5,555 -0.34% $0.000000 1,642,946 20 Dec 2021 Class A Common Stock 5,555 See footnote F1, F11
holding NET Class B Common Stock 294,275 20 Dec 2021 Class A Common Stock 294,275 See footnote F1, F12
holding NET Class B Common Stock 2,000,000 20 Dec 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 $127.57 to $128.56, 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 $128.59 to $129.575, inclusive.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $129.59 to $130.57, inclusive.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $130.59 to $131.58, inclusive.
F8 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $131.59 to $132.58, inclusive.
F9 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $132.59 to $133.58, inclusive.
F10 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $133.595 to $134.26, 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.