Michelle Zatlyn - 20 Jan 2022 Form 4 Insider Report for Cloudflare, Inc. (NET)

Signature
/s/ Lindsey Cochran, by power of attorney
Issuer symbol
NET
Transactions as of
20 Jan 2022
Net transactions value
-$3,248,874
Form type
4
Filing time
21 Jan 2022, 17:49:29 UTC
Previous filing
20 Jan 2022
Next filing
24 Feb 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 +27,775 27,775 20 Jan 2022 See footnote F1, F2
transaction NET Class A Common Stock Sale $369,697 -3,947 -14% $93.67 23,828 20 Jan 2022 See footnote F2, F3, F4
transaction NET Class A Common Stock Sale $156,638 -1,656 -6.9% $94.59 22,172 20 Jan 2022 See footnote F2, F3, F5
transaction NET Class A Common Stock Sale $216,917 -2,261 -10% $95.94 19,911 20 Jan 2022 See footnote F2, F3, F6
transaction NET Class A Common Stock Sale $673,779 -6,947 -35% $96.99 12,964 20 Jan 2022 See footnote F2, F3, F7
transaction NET Class A Common Stock Sale $298,707 -3,054 -24% $97.81 9,910 20 Jan 2022 See footnote F2, F3, F8
transaction NET Class A Common Stock Sale $317,315 -3,207 -32% $98.94 6,703 20 Jan 2022 See footnote F2, F3, F9
transaction NET Class A Common Stock Sale $344,788 -3,450 -51% $99.94 3,253 20 Jan 2022 See footnote F2, F3, F10
transaction NET Class A Common Stock Sale $193,850 -1,919 -59% $101.02 1,334 20 Jan 2022 See footnote F2, F3, F11
transaction NET Class A Common Stock Sale $135,706 -1,334 -100% $101.73 0 20 Jan 2022 See footnote F2, F3, F12
transaction NET Class A Common Stock Conversion of derivative security +5,555 5,555 20 Jan 2022 See footnote F1, F13
transaction NET Class A Common Stock Sale $74,275 -793 -14% $93.66 4,762 20 Jan 2022 See footnote F3, F4, F13
transaction NET Class A Common Stock Sale $31,496 -333 -7% $94.58 4,429 20 Jan 2022 See footnote F3, F5, F13
transaction NET Class A Common Stock Sale $42,117 -439 -9.9% $95.94 3,990 20 Jan 2022 See footnote F3, F6, F13
transaction NET Class A Common Stock Sale $135,301 -1,395 -35% $96.99 2,595 20 Jan 2022 See footnote F3, F7, F13
transaction NET Class A Common Stock Sale $60,054 -614 -24% $97.81 1,981 20 Jan 2022 See footnote F3, F8, F13
transaction NET Class A Common Stock Sale $62,730 -634 -32% $98.94 1,347 20 Jan 2022 See footnote F3, F9, F13
transaction NET Class A Common Stock Sale $69,960 -700 -52% $99.94 647 20 Jan 2022 See footnote F3, F10, F13
transaction NET Class A Common Stock Sale $38,993 -386 -60% $101.02 261 20 Jan 2022 See footnote F3, F11, F13
transaction NET Class A Common Stock Sale $26,551 -261 -100% $101.73 0 20 Jan 2022 See footnote F3, F12, F13

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 -0.73% $0.000000 3,799,538 20 Jan 2022 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 1,615,171 20 Jan 2022 Class A Common Stock 5,555 See footnote F1, F13
holding NET Class B Common Stock 294,275 20 Jan 2022 Class A Common Stock 294,275 See footnote F1, F14
holding NET Class B Common Stock 2,000,000 20 Jan 2022 Class A Common Stock 2,000,000 See footnote F1, F15
* 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 $93.25 to $94.20, 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 (12) 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 $94.26 to $94.92, inclusive.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $95.40 to $96.39, inclusive.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $96.43 to $97.42, inclusive.
F8 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $97.43 to $98.39, inclusive.
F9 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $98.45 to $99.39, inclusive.
F10 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $99.49 to $100.41, inclusive.
F11 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $100.535 to $101.53, inclusive.
F12 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $101.57 to $101.94, inclusive.
F13 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.
F14 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.
F15 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.