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

Signature
/s/ Lindsey Cochran, by power of attorney
Stock symbol
NET
Transactions as of
Jan 20, 2022
Transactions value $
-$3,248,874
Form type
4
Date filed
1/21/2022, 05:49 PM
Previous filing
Jan 20, 2022
Next filing
Feb 24, 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 +27.8K 27.8K Jan 20, 2022 See footnote F1, F2
transaction NET Class A Common Stock Sale -$370K -3.95K -14.21% $93.67 23.8K Jan 20, 2022 See footnote F2, F3, F4
transaction NET Class A Common Stock Sale -$157K -1.66K -6.95% $94.59 22.2K Jan 20, 2022 See footnote F2, F3, F5
transaction NET Class A Common Stock Sale -$217K -2.26K -10.2% $95.94 19.9K Jan 20, 2022 See footnote F2, F3, F6
transaction NET Class A Common Stock Sale -$674K -6.95K -34.89% $96.99 13K Jan 20, 2022 See footnote F2, F3, F7
transaction NET Class A Common Stock Sale -$299K -3.05K -23.56% $97.81 9.91K Jan 20, 2022 See footnote F2, F3, F8
transaction NET Class A Common Stock Sale -$317K -3.21K -32.36% $98.94 6.7K Jan 20, 2022 See footnote F2, F3, F9
transaction NET Class A Common Stock Sale -$345K -3.45K -51.47% $99.94 3.25K Jan 20, 2022 See footnote F2, F3, F10
transaction NET Class A Common Stock Sale -$194K -1.92K -58.99% $101.02 1.33K Jan 20, 2022 See footnote F2, F3, F11
transaction NET Class A Common Stock Sale -$136K -1.33K -100% $101.73 0 Jan 20, 2022 See footnote F2, F3, F12
transaction NET Class A Common Stock Conversion of derivative security +5.56K 5.56K Jan 20, 2022 See footnote F1, F13
transaction NET Class A Common Stock Sale -$74.3K -793 -14.28% $93.66 4.76K Jan 20, 2022 See footnote F3, F4, F13
transaction NET Class A Common Stock Sale -$31.5K -333 -6.99% $94.58 4.43K Jan 20, 2022 See footnote F3, F5, F13
transaction NET Class A Common Stock Sale -$42.1K -439 -9.91% $95.94 3.99K Jan 20, 2022 See footnote F3, F6, F13
transaction NET Class A Common Stock Sale -$135K -1.4K -34.96% $96.99 2.6K Jan 20, 2022 See footnote F3, F7, F13
transaction NET Class A Common Stock Sale -$60.1K -614 -23.66% $97.81 1.98K Jan 20, 2022 See footnote F3, F8, F13
transaction NET Class A Common Stock Sale -$62.7K -634 -32% $98.94 1.35K Jan 20, 2022 See footnote F3, F9, F13
transaction NET Class A Common Stock Sale -$70K -700 -51.97% $99.94 647 Jan 20, 2022 See footnote F3, F10, F13
transaction NET Class A Common Stock Sale -$39K -386 -59.66% $101.02 261 Jan 20, 2022 See footnote F3, F11, F13
transaction NET Class A Common Stock Sale -$26.6K -261 -100% $101.73 0 Jan 20, 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 -27.8K -0.73% $0.00 3.8M Jan 20, 2022 Class A Common Stock 27.8K See footnote F1, F2
transaction NET Class B Common Stock Conversion of derivative security $0 -5.56K -0.34% $0.00 1.62M Jan 20, 2022 Class A Common Stock 5.56K See footnote F1, F13
holding NET Class B Common Stock 294K Jan 20, 2022 Class A Common Stock 294K See footnote F1, F14
holding NET Class B Common Stock 2M Jan 20, 2022 Class A Common Stock 2M 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.