Matthew Prince - 12 May 2022 Form 4 Insider Report for Cloudflare, Inc. (NET)

Signature
/s/ Lindsey Cochran, by power of attorney
Issuer symbol
NET
Transactions as of
12 May 2022
Net transactions value
-$2,979,352
Form type
4
Filing time
13 May 2022, 16:52:45 UTC
Previous filing
06 Apr 2022
Next filing
17 May 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 +52,384 52,384 12 May 2022 See footnote F1, F2
transaction NET Class A Common Stock Sale $46,768 -900 -1.7% $51.96 51,484 12 May 2022 See footnote F2, F3, F4
transaction NET Class A Common Stock Sale $193,151 -3,600 -7% $53.65 47,884 12 May 2022 See footnote F2, F3, F5
transaction NET Class A Common Stock Sale $114,068 -2,100 -4.4% $54.32 45,784 12 May 2022 See footnote F2, F3, F6
transaction NET Class A Common Stock Sale $586,042 -10,539 -23% $55.61 35,245 12 May 2022 See footnote F2, F3, F7
transaction NET Class A Common Stock Sale $706,367 -12,508 -35% $56.47 22,737 12 May 2022 See footnote F2, F3, F8
transaction NET Class A Common Stock Sale $726,082 -12,627 -56% $57.50 10,110 12 May 2022 See footnote F2, F3, F9
transaction NET Class A Common Stock Sale $210,699 -3,610 -36% $58.37 6,500 12 May 2022 See footnote F2, F3, F10
transaction NET Class A Common Stock Sale $83,351 -1,400 -22% $59.54 5,100 12 May 2022 See footnote F2, F3, F11
transaction NET Class A Common Stock Sale $114,873 -1,900 -37% $60.46 3,200 12 May 2022 See footnote F2, F3, F12
transaction NET Class A Common Stock Sale $154,262 -2,500 -78% $61.70 700 12 May 2022 See footnote F2, F3, F13
transaction NET Class A Common Stock Sale $43,689 -700 -100% $62.41 0 12 May 2022 See footnote F2, F3, F14

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 -52,384 -0.3% $0.000000 17,440,043 12 May 2022 Class A Common Stock 52,384 See footnote F1, F2, F15
holding NET Class B Common Stock 491,031 12 May 2022 Class A Common Stock 491,031 See footnote F1, F16
holding NET Class B Common Stock 4,000,000 12 May 2022 Class A Common Stock 4,000,000 See footnote F1, F17
holding NET Class B Common Stock 4,000,000 12 May 2022 Class A Common Stock 4,000,000 See footnote F1, F18
holding NET Class B Common Stock 6,569,442 12 May 2022 Class A Common Stock 6,569,442 See footnote F1, F19
holding NET Class B Common Stock 1,060,000 12 May 2022 Class A Common Stock 1,060,000 See footnote F1, F20
* 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 30, 2021.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $51.81 to $52.275, 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 (14) 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 $52.98 to $53.96, inclusive.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $54.00 to $54.99, inclusive.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $55.02 to $56.015, inclusive.
F8 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $56.02 to $56.99, inclusive.
F9 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $57.03 to $58.015, inclusive.
F10 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $58.04 to $59.02, inclusive.
F11 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $59.045 to $59.93, inclusive.
F12 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $60.09 to $61.085, inclusive.
F13 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $61.125 to $62.055, inclusive.
F14 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $62.125 to $63.02, inclusive.
F15 Of the reported shares, 1,416,667 vest in 17 months beginning on May 13, 2022.
F16 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.
F17 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.
F18 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.
F19 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.
F20 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.