Matthew Prince - Jan 5, 2022 Form 4 Insider Report for Cloudflare, Inc. (NET)

Signature
/s/ Lindsey Cochran, by power of attorney
Stock symbol
NET
Transactions as of
Jan 5, 2022
Transactions value $
-$11,260,553
Form type
4
Date filed
1/7/2022, 07:51 PM
Previous filing
Dec 27, 2021
Next filing
Jan 10, 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 +52.4K 52.4K Jan 5, 2022 See footnote F1, F2
transaction NET Class A Common Stock Sale -$388K -3.72K -7.1% $104.17 48.7K Jan 5, 2022 See footnote F2, F3, F4
transaction NET Class A Common Stock Sale -$418K -3.97K -8.16% $105.24 44.7K Jan 5, 2022 See footnote F2, F3, F5
transaction NET Class A Common Stock Sale -$661K -6.24K -13.96% $106.00 38.5K Jan 5, 2022 See footnote F2, F3, F6
transaction NET Class A Common Stock Sale -$347K -3.23K -8.41% $107.27 35.2K Jan 5, 2022 See footnote F2, F3, F7
transaction NET Class A Common Stock Sale -$530K -4.91K -13.93% $108.14 30.3K Jan 5, 2022 See footnote F2, F3, F8
transaction NET Class A Common Stock Sale -$398K -3.65K -12.04% $109.09 26.7K Jan 5, 2022 See footnote F2, F3, F9
transaction NET Class A Common Stock Sale -$553K -5.01K -18.8% $110.25 21.7K Jan 5, 2022 See footnote F2, F3, F10
transaction NET Class A Common Stock Sale -$528K -4.75K -21.91% $111.27 16.9K Jan 5, 2022 See footnote F2, F3, F11
transaction NET Class A Common Stock Sale -$652K -5.81K -34.35% $112.20 11.1K Jan 5, 2022 See footnote F2, F3, F12
transaction NET Class A Common Stock Sale -$410K -3.63K -32.66% $113.13 7.48K Jan 5, 2022 See footnote F2, F3, F13
transaction NET Class A Common Stock Sale -$630K -5.53K -73.91% $114.12 1.95K Jan 5, 2022 See footnote F2, F3, F14
transaction NET Class A Common Stock Sale -$210K -1.83K -93.59% $115.00 125 Jan 5, 2022 See footnote F2, F3, F15
transaction NET Class A Common Stock Sale -$14.5K -125 -100% $115.90 0 Jan 5, 2022 See footnote F2, F3, F16
transaction NET Class A Common Stock Conversion of derivative security +52.4K 52.4K Jan 6, 2022 See footnote F1, F2
transaction NET Class A Common Stock Sale -$133K -1.3K -2.48% $102.55 51.1K Jan 6, 2022 See footnote F2, F3, F17
transaction NET Class A Common Stock Sale -$982K -9.46K -18.52% $103.83 41.6K Jan 6, 2022 See footnote F2, F3, F18
transaction NET Class A Common Stock Sale -$1.64M -15.6K -37.5% $104.84 26K Jan 6, 2022 See footnote F2, F3, F19
transaction NET Class A Common Stock Sale -$1.42M -13.4K -51.6% $105.84 12.6K Jan 6, 2022 See footnote F2, F3, F20
transaction NET Class A Common Stock Sale -$904K -8.47K -67.23% $106.76 4.13K Jan 6, 2022 See footnote F2, F3, F21
transaction NET Class A Common Stock Sale -$428K -3.98K -96.36% $107.68 150 Jan 6, 2022 See footnote F2, F3, F22
transaction NET Class A Common Stock Sale -$16.2K -150 -100% $108.29 0 Jan 6, 2022 See footnote F2, F3, F23

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 Jan 5, 2022 Class A Common Stock 52.4K See footnote F1, F2, F24
transaction NET Class B Common Stock Conversion of derivative security $0 -52.4K -0.29% $0.00 18M Jan 6, 2022 Class A Common Stock 52.4K See footnote F1, F2, F24
holding NET Class B Common Stock 491K Jan 5, 2022 Class A Common Stock 491K See footnote F1, F25
holding NET Class B Common Stock 4M Jan 5, 2022 Class A Common Stock 4M See footnote F1, F26
holding NET Class B Common Stock 4M Jan 5, 2022 Class A Common Stock 4M See footnote F1, F27
holding NET Class B Common Stock 6.57M Jan 5, 2022 Class A Common Stock 6.57M See footnote F1, F28
holding NET Class B Common Stock 1.06M Jan 5, 2022 Class A Common Stock 1.06M See footnote F1, F29
* 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 $103.63 to $104.62, 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 (23) 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 $104.65 to $105.64, inclusive.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $105.65 to $106.61, inclusive.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $106.65 to $107.64, inclusive.
F8 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $107.65 to $108.64, inclusive.
F9 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $108.65 to $109.57, inclusive.
F10 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $109.66 to $110.63, inclusive.
F11 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $110.69 to $111.67, inclusive.
F12 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $111.69 to $112.68, inclusive.
F13 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $112.69 to $113.68, inclusive.
F14 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $113.69 to $114.67, inclusive.
F15 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $114.69 to $115.68, inclusive.
F16 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $115.76 to $115.93, inclusive.
F17 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $102.15 to $102.935, inclusive.
F18 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $103.28 to $104.275, inclusive.
F19 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $104.28 to $105.27, inclusive.
F20 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $105.28 to $106.27, inclusive.
F21 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $106.28 to $107.27, inclusive.
F22 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $107.28 to $108.24, inclusive.
F23 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $108.28 to $108.30, inclusive.
F24 Of the reported shares, 1,750,000 vest in 21 months beginning on January 13, 2022.
F25 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.
F26 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.
F27 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.
F28 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.
F29 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.