Michelle Zatlyn - Feb 23, 2022 Form 4 Insider Report for Cloudflare, Inc. (NET)

Signature
/s/ Lindsey Cochran, by power of attorney
Stock symbol
NET
Transactions as of
Feb 23, 2022
Transactions value $
-$3,119,327
Form type
4
Date filed
2/24/2022, 06:29 PM
Previous filing
Feb 24, 2022
Next filing
Feb 28, 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 Feb 23, 2022 See footnote F1, F2
transaction NET Class A Common Stock Sale -$634K -6.94K -25% $91.32 20.8K Feb 23, 2022 See footnote F2, F3, F4
transaction NET Class A Common Stock Sale -$207K -2.25K -10.8% $92.26 18.6K Feb 23, 2022 See footnote F2, F3, F5
transaction NET Class A Common Stock Sale -$393K -4.21K -22.67% $93.39 14.4K Feb 23, 2022 See footnote F2, F3, F6
transaction NET Class A Common Stock Sale -$663K -7.04K -49% $94.20 7.33K Feb 23, 2022 See footnote F2, F3, F7
transaction NET Class A Common Stock Sale -$435K -4.57K -62.4% $95.19 2.76K Feb 23, 2022 See footnote F2, F3, F8
transaction NET Class A Common Stock Sale -$214K -2.22K -80.62% $96.35 534 Feb 23, 2022 See footnote F2, F3, F9
transaction NET Class A Common Stock Sale -$51.8K -534 -100% $97.06 0 Feb 23, 2022 See footnote F2, F3, F10
transaction NET Class A Common Stock Conversion of derivative security +5.56K 5.56K Feb 23, 2022 See footnote F1, F11
transaction NET Class A Common Stock Sale -$127K -1.39K -24.99% $91.31 4.17K Feb 23, 2022 See footnote F3, F4, F11
transaction NET Class A Common Stock Sale -$41.6K -451 -10.82% $92.24 3.72K Feb 23, 2022 See footnote F3, F5, F11
transaction NET Class A Common Stock Sale -$78.3K -838 -22.55% $93.40 2.88K Feb 23, 2022 See footnote F3, F6, F11
transaction NET Class A Common Stock Sale -$133K -1.41K -48.89% $94.20 1.47K Feb 23, 2022 See footnote F3, F7, F11
transaction NET Class A Common Stock Sale -$88.2K -927 -63.02% $95.19 544 Feb 23, 2022 See footnote F3, F8, F11
transaction NET Class A Common Stock Sale -$42.2K -438 -80.51% $96.36 106 Feb 23, 2022 See footnote F3, F9, F11
transaction NET Class A Common Stock Sale -$10.3K -106 -100% $97.06 0 Feb 23, 2022 See footnote F3, F10, F11

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 -0.74% $0.00 3.74M Feb 23, 2022 Class A Common Stock 27.8K See footnote F1, F2
transaction NET Class B Common Stock Conversion of derivative security $0 -5.56K -0.35% $0.00 1.58M Feb 23, 2022 Class A Common Stock 5.56K See footnote F1, F11
holding NET Class B Common Stock 294K Feb 23, 2022 Class A Common Stock 294K See footnote F1, F12
holding NET Class B Common Stock 2M Feb 23, 2022 Class A Common Stock 2M See footnote F1, F13
* 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 $90.80 to $91.79, 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 (10) 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 $91.80 to $92.79, inclusive.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $92.80 to $93.75, inclusive.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $93.81 to $94.80, inclusive.
F8 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $94.81 to $95.75, inclusive.
F9 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $95.835 to $96.83, inclusive.
F10 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $96.845 to $97.27, inclusive.
F11 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.
F12 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.
F13 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.