Michelle Zatlyn - 21 Dec 2021 Form 4 Insider Report for Cloudflare, Inc. (NET)

Signature
/s/ Lindsey Cochran, by power of attorney
Issuer symbol
NET
Transactions as of
21 Dec 2021
Net transactions value
-$4,624,119
Form type
4
Filing time
22 Dec 2021, 15:49:33 UTC
Previous filing
21 Dec 2021
Next filing
27 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 21 Dec 2021 See footnote F1, F2
transaction NET Class A Common Stock Sale $154,271 -1,164 -4.2% $132.54 26,611 21 Dec 2021 See footnote F2, F3, F4
transaction NET Class A Common Stock Sale $369,406 -2,767 -10% $133.50 23,844 21 Dec 2021 See footnote F2, F3, F5
transaction NET Class A Common Stock Sale $620,198 -4,611 -19% $134.50 19,233 21 Dec 2021 See footnote F2, F3, F6
transaction NET Class A Common Stock Sale $402,954 -2,974 -15% $135.49 16,259 21 Dec 2021 See footnote F2, F3, F7
transaction NET Class A Common Stock Sale $106,454 -781 -4.8% $136.30 15,478 21 Dec 2021 See footnote F2, F3, F8
transaction NET Class A Common Stock Sale $217,169 -1,579 -10% $137.54 13,899 21 Dec 2021 See footnote F2, F3, F9
transaction NET Class A Common Stock Sale $80,853 -584 -4.2% $138.45 13,315 21 Dec 2021 See footnote F2, F3, F10
transaction NET Class A Common Stock Sale $151,752 -1,086 -8.2% $139.73 12,229 21 Dec 2021 See footnote F2, F3, F11
transaction NET Class A Common Stock Sale $163,913 -1,166 -9.5% $140.58 11,063 21 Dec 2021 See footnote F2, F3, F12
transaction NET Class A Common Stock Sale $141,857 -1,001 -9% $141.72 10,062 21 Dec 2021 See footnote F2, F3, F13
transaction NET Class A Common Stock Sale $701,218 -4,900 -49% $143.11 5,162 21 Dec 2021 See footnote F2, F3, F14
transaction NET Class A Common Stock Sale $743,388 -5,162 -100% $144.01 0 21 Dec 2021 See footnote F2, F3, F15
transaction NET Class A Common Stock Conversion of derivative security +5,555 5,555 21 Dec 2021 See footnote F1, F16
transaction NET Class A Common Stock Sale $31,278 -236 -4.2% $132.53 5,319 21 Dec 2021 See footnote F3, F4, F16
transaction NET Class A Common Stock Sale $73,692 -552 -10% $133.50 4,767 21 Dec 2021 See footnote F3, F5, F16
transaction NET Class A Common Stock Sale $124,150 -923 -19% $134.51 3,844 21 Dec 2021 See footnote F3, F6, F16
transaction NET Class A Common Stock Sale $80,214 -592 -15% $135.50 3,252 21 Dec 2021 See footnote F3, F7, F16
transaction NET Class A Common Stock Sale $20,856 -153 -4.7% $136.31 3,099 21 Dec 2021 See footnote F3, F8, F16
transaction NET Class A Common Stock Sale $44,151 -321 -10% $137.54 2,778 21 Dec 2021 See footnote F3, F9, F16
transaction NET Class A Common Stock Sale $16,060 -116 -4.2% $138.44 2,662 21 Dec 2021 See footnote F3, F10, F16
transaction NET Class A Common Stock Sale $29,903 -214 -8% $139.73 2,448 21 Dec 2021 See footnote F3, F11, F16
transaction NET Class A Common Stock Sale $32,894 -234 -9.6% $140.57 2,214 21 Dec 2021 See footnote F3, F12, F16
transaction NET Class A Common Stock Sale $28,202 -199 -9% $141.72 2,015 21 Dec 2021 See footnote F3, F13, F16
transaction NET Class A Common Stock Sale $140,959 -985 -49% $143.11 1,030 21 Dec 2021 See footnote F3, F14, F16
transaction NET Class A Common Stock Sale $148,328 -1,030 -100% $144.01 0 21 Dec 2021 See footnote F3, F15, F16

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 -0.71% $0.000000 3,910,638 21 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 1,637,391 21 Dec 2021 Class A Common Stock 5,555 See footnote F1, F16
holding NET Class B Common Stock 294,275 21 Dec 2021 Class A Common Stock 294,275 See footnote F1, F17
holding NET Class B Common Stock 2,000,000 21 Dec 2021 Class A Common Stock 2,000,000 See footnote F1, F18
* 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 $132.02 to $132.90, 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 (15) 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 $133.02 to $134.00, inclusive.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $134.03 to $135.025, inclusive.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $135.04 to $136.02, inclusive.
F8 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $136.045 to $136.86, inclusive.
F9 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $137.11 to $138.03, inclusive.
F10 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $138.13 to $139.075, inclusive.
F11 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $139.13 to $140.06, inclusive.
F12 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $140.15 to $140.98, inclusive.
F13 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $141.225 to $142.15, inclusive.
F14 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $142.445 to $143.43, inclusive.
F15 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $143.45 to $144.41, inclusive.
F16 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.
F17 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.
F18 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.