THOMAS J. SEIFERT - 04 Jan 2022 Form 4 Insider Report for Cloudflare, Inc. (NET)

Signature
/s/ Lindsey Cochran, by power of attorney
Issuer symbol
NET
Transactions as of
04 Jan 2022
Net transactions value
-$2,287,586
Form type
4
Filing time
05 Jan 2022, 19:17:54 UTC
Previous filing
22 Dec 2021
Next filing
20 Jan 2022

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 +20,000 +40% 70,156 04 Jan 2022 Direct F1
transaction NET Class A Common Stock Sale $237,263 -2,166 -3.1% $109.54 67,990 04 Jan 2022 Direct F2, F3
transaction NET Class A Common Stock Sale $88,269 -800 -1.2% $110.34 67,190 04 Jan 2022 Direct F2, F4
transaction NET Class A Common Stock Sale $184,387 -1,652 -2.5% $111.61 65,538 04 Jan 2022 Direct F2, F5
transaction NET Class A Common Stock Sale $115,719 -1,027 -1.6% $112.68 64,511 04 Jan 2022 Direct F2, F6
transaction NET Class A Common Stock Sale $332,794 -2,927 -4.5% $113.70 61,584 04 Jan 2022 Direct F2, F7
transaction NET Class A Common Stock Sale $704,495 -6,142 -10% $114.70 55,442 04 Jan 2022 Direct F2, F8
transaction NET Class A Common Stock Sale $181,510 -1,571 -2.8% $115.54 53,871 04 Jan 2022 Direct F2, F9
transaction NET Class A Common Stock Sale $104,821 -900 -1.7% $116.47 52,971 04 Jan 2022 Direct F2, F10
transaction NET Class A Common Stock Sale $58,830 -500 -0.94% $117.66 52,471 04 Jan 2022 Direct F2, F11
transaction NET Class A Common Stock Sale $56,361 -475 -0.91% $118.65 51,996 04 Jan 2022 Direct F2, F12
transaction NET Class A Common Stock Sale $59,952 -500 -0.96% $119.90 51,496 04 Jan 2022 Direct F2, F13
transaction NET Class A Common Stock Sale $89,401 -740 -1.4% $120.81 50,756 04 Jan 2022 Direct F2, F14
transaction NET Class A Common Stock Sale $61,402 -500 -0.99% $122.80 50,256 04 Jan 2022 Direct F2, F15
transaction NET Class A Common Stock Sale $12,382 -100 -0.2% $123.82 50,156 04 Jan 2022 Direct F2

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 Employee Stock Option (right to buy) Options Exercise $0 -20,000 -7.3% $0.000000 254,058 04 Jan 2022 Class B Common Stock 20,000 $1.95 Direct F1, F16
transaction NET Class B Common Stock Options Exercise $0 +20,000 +7.7% $0.000000 278,925 04 Jan 2022 Class A Common Stock 20,000 Direct F1
transaction NET Class B Common Stock Conversion of derivative security $0 -20,000 -7.2% $0.000000 258,925 04 Jan 2022 Class A Common Stock 20,000 Direct F1
holding NET Class B Common Stock 76,100 04 Jan 2022 Class A Common Stock 76,100 See footnote F1, F17
holding NET Class B Common Stock 76,100 04 Jan 2022 Class A Common Stock 76,100 See footnote F1, F18
holding NET Class B Common Stock 76,100 04 Jan 2022 Class A Common Stock 76,100 See footnote F1, F19
* 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 sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 9, 2020.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $109.00 to $109.97, 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 (3) thorugh (15) to this Form 4.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $110.02 to $110.79, inclusive.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $111.09 to $112.06, inclusive.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $112.10 to $113.07, inclusive.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $113.12 to $114.07, inclusive.
F8 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $114.14 to $115.09, inclusive.
F9 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $115.14 to $116.13, inclusive.
F10 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $116.14 to $116.81, inclusive.
F11 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $117.24 to $118.14, inclusive.
F12 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $118.24 to $118.98, inclusive.
F13 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $119.34 to $120.28, inclusive.
F14 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $120.39 to $121.35, inclusive.
F15 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $122.16 to $123.15, inclusive.
F16 The option is subject to an early exercise provision and is immediately exercisable. One-fourth of the total shares vested on June 1, 2018 and the remaining shares vest in 36 equal monthly installments thereafter.
F17 The shares are held of record by Center Court 2020 Trust 1 UA 12/11/20, for which the reporting person serves as trustee.
F18 The shares are held of record by Center Court 2020 Trust 2 UA 12/11/20, for which the reporting person serves as trustee.
F19 The shares are held of record by Center Court 2020 Trust 3 UA 12/11/20, for which the reporting person serves as trustee.