Michelle Zatlyn - Feb 24, 2022 Form 4 Insider Report for Cloudflare, Inc. (NET)

Signature
/s/ Lindsey Cochran, by power of attorney
Stock symbol
NET
Transactions as of
Feb 24, 2022
Transactions value $
-$558,053
Form type
4
Date filed
2/28/2022, 04:35 PM
Previous filing
Feb 24, 2022
Next filing
Apr 13, 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 +5.56K 5.56K Feb 24, 2022 See footnote F1, F2
transaction NET Class A Common Stock Sale -$5.8K -65 -1.17% $89.18 5.49K Feb 24, 2022 See footnote F2, F3, F4
transaction NET Class A Common Stock Sale -$16.3K -180 -3.28% $90.67 5.31K Feb 24, 2022 See footnote F2, F3, F5
transaction NET Class A Common Stock Sale -$7.89K -86 -1.62% $91.73 5.22K Feb 24, 2022 See footnote F2, F3, F6
transaction NET Class A Common Stock Sale -$16.2K -174 -3.33% $93.15 5.05K Feb 24, 2022 See footnote F2, F3, F7
transaction NET Class A Common Stock Sale -$16K -170 -3.37% $93.89 4.88K Feb 24, 2022 See footnote F2, F3, F8
transaction NET Class A Common Stock Sale -$18.1K -190 -3.89% $95.01 4.69K Feb 24, 2022 See footnote F2, F3, F9
transaction NET Class A Common Stock Sale -$37.5K -390 -8.32% $96.10 4.3K Feb 24, 2022 See footnote F2, F3, F10
transaction NET Class A Common Stock Sale -$35.1K -361 -8.4% $97.18 3.94K Feb 24, 2022 See footnote F2, F3, F11
transaction NET Class A Common Stock Sale -$31.8K -324 -8.23% $98.11 3.62K Feb 24, 2022 See footnote F2, F3, F12
transaction NET Class A Common Stock Sale -$74.9K -754 -20.86% $99.32 2.86K Feb 24, 2022 See footnote F2, F3, F13
transaction NET Class A Common Stock Sale -$78.1K -779 -27.23% $100.22 2.08K Feb 24, 2022 See footnote F2, F3, F14
transaction NET Class A Common Stock Sale -$10.3K -102 -4.9% $101.37 1.98K Feb 24, 2022 See footnote F2, F3, F15
transaction NET Class A Common Stock Sale -$25.4K -248 -12.53% $102.48 1.73K Feb 24, 2022 See footnote F2, F3, F16
transaction NET Class A Common Stock Sale -$20.8K -201 -11.61% $103.46 1.53K Feb 24, 2022 See footnote F2, F3, F17
transaction NET Class A Common Stock Sale -$13.8K -132 -8.62% $104.74 1.4K Feb 24, 2022 See footnote F2, F3, F18
transaction NET Class A Common Stock Sale -$44.1K -416 -29.74% $105.91 983 Feb 24, 2022 See footnote F2, F3, F19
transaction NET Class A Common Stock Sale -$33.1K -309 -31.43% $106.96 674 Feb 24, 2022 See footnote F2, F3, F20
transaction NET Class A Common Stock Sale -$45.3K -419 -62.17% $108.06 255 Feb 24, 2022 See footnote F2, F3, F21
transaction NET Class A Common Stock Sale -$27.8K -255 -100% $108.85 0 Feb 24, 2022 See footnote F2, F3, F22

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 -5.56K -0.35% $0.00 1.58M Feb 24, 2022 Class A Common Stock 5.56K See footnote F1, F2
holding NET Class B Common Stock 294K Feb 24, 2022 Class A Common Stock 294K See footnote F1, F23
holding NET Class B Common Stock 2M Feb 24, 2022 Class A Common Stock 2M See footnote F1, F24
* 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 Irrevocable Remainder Trust dated December 15, 2017, for which the reporting person serves as co-trustee. Effective February 28, 2022, such shares are held by The SZ 2021 Irrevocable Trust dated November 6, 2021, 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 $88.75 to $89.55, 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 (22) 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 $90.20 to $91.16, inclusive.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $91.21 to $92.07, inclusive.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $92.43 to $93.39, inclusive.
F8 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $93.43 to $94.35, inclusive.
F9 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $94.63 to $95.60, inclusive.
F10 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $95.65 to $96.61, inclusive.
F11 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $96.71 to $97.665, inclusive.
F12 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $97.82 to $98.78, inclusive.
F13 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $98.84 to $99.72, inclusive.
F14 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $99.85 to $100.645, inclusive.
F15 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $100.855 to $101.84, inclusive.
F16 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $102.005 to $102.825, inclusive.
F17 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $103.05 to $103.99, inclusive.
F18 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 $105.24, inclusive.
F19 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $105.36 to $106.345, inclusive.
F20 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $106.43 to $107.42, inclusive.
F21 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $107.54 to $108.485, inclusive.
F22 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $108.55 to $109.26, inclusive.
F23 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.
F24 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.

Remarks:

This Form 4 is the second of two forms being filed to report transactions by the reporting person occurring on February 24, 2022.