Matthew Prince - Jun 2, 2022 Form 4 Insider Report for Cloudflare, Inc. (NET)

Signature
/s/ Lindsey Cochran, by power of attorney
Stock symbol
NET
Transactions as of
Jun 2, 2022
Transactions value $
-$8,772,413
Form type
4
Date filed
6/6/2022, 06:56 PM
Previous filing
May 17, 2022
Next filing
Jul 8, 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 +52.4K 52.4K Jun 2, 2022 See footnote F1, F2
transaction NET Class A Common Stock Sale -$165K -3K -5.73% $55.10 49.4K Jun 2, 2022 See footnote F2, F3, F4
transaction NET Class A Common Stock Sale -$434K -7.73K -15.64% $56.18 41.7K Jun 2, 2022 See footnote F2, F3, F5
transaction NET Class A Common Stock Sale -$499K -8.72K -20.94% $57.17 32.9K Jun 2, 2022 See footnote F2, F3, F6
transaction NET Class A Common Stock Sale -$705K -12.2K -36.92% $58.01 20.8K Jun 2, 2022 See footnote F2, F3, F7
transaction NET Class A Common Stock Sale -$1.14M -19.4K -93.18% $59.05 1.42K Jun 2, 2022 See footnote F2, F3, F8
transaction NET Class A Common Stock Sale -$84.5K -1.42K -100% $59.67 0 Jun 2, 2022 See footnote F2, F3, F9
transaction NET Class A Common Stock Conversion of derivative security +52.4K 52.4K Jun 3, 2022 See footnote F1, F2
transaction NET Class A Common Stock Sale -$2.02M -37.1K -70.9% $54.47 15.2K Jun 3, 2022 See footnote F2, F3, F10
transaction NET Class A Common Stock Sale -$427K -7.71K -50.6% $55.35 7.53K Jun 3, 2022 See footnote F2, F3, F11
transaction NET Class A Common Stock Sale -$239K -4.23K -56.18% $56.51 3.3K Jun 3, 2022 See footnote F2, F3, F12
transaction NET Class A Common Stock Sale -$189K -3.3K -100% $57.17 0 Jun 3, 2022 See footnote F2, F3, F13
transaction NET Class A Common Stock Conversion of derivative security +52.4K 52.4K Jun 6, 2022 See footnote F1, F2
transaction NET Class A Common Stock Sale -$1.47M -27.2K -51.87% $54.03 25.2K Jun 6, 2022 See footnote F2, F3, F14
transaction NET Class A Common Stock Sale -$764K -13.9K -55.18% $54.91 11.3K Jun 6, 2022 See footnote F2, F3, F15
transaction NET Class A Common Stock Sale -$631K -11.3K -100% $55.88 0 Jun 6, 2022 See footnote F2, F3, F16

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 -52.4K -0.3% $0.00 17.3M Jun 2, 2022 Class A Common Stock 52.4K See footnote F1, F2, F17
transaction NET Class B Common Stock Conversion of derivative security $0 -52.4K -0.3% $0.00 17.2M Jun 3, 2022 Class A Common Stock 52.4K See footnote F1, F2, F17
transaction NET Class B Common Stock Conversion of derivative security $0 -52.4K -0.3% $0.00 17.2M Jun 6, 2022 Class A Common Stock 52.4K See footnote F1, F2, F17
holding NET Class B Common Stock 491K Jun 2, 2022 Class A Common Stock 491K See footnote F1, F18
holding NET Class B Common Stock 4M Jun 2, 2022 Class A Common Stock 4M See footnote F1, F19
holding NET Class B Common Stock 4M Jun 2, 2022 Class A Common Stock 4M See footnote F1, F20
holding NET Class B Common Stock 6.57M Jun 2, 2022 Class A Common Stock 6.57M See footnote F1, F21
holding NET Class B Common Stock 1.06M Jun 2, 2022 Class A Common Stock 1.06M See footnote F1, F22
* 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 $54.60 to $55.565, 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 (16) 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 $55.60 to $56.59, inclusive.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $56.60 to $57.58, inclusive.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $57.60 to $58.59, inclusive.
F8 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $58.60 to $59.595, inclusive.
F9 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $59.605 to $59.75, inclusive.
F10 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $53.995 to $54.98, inclusive.
F11 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $55.00 to $55.99, inclusive.
F12 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $56.00 to $56.99, inclusive.
F13 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $57.005 to $57.59, inclusive.
F14 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $53.52 to $54.515, inclusive.
F15 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $54.52 to $55.50, inclusive.
F16 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $55.52 to $56.395, inclusive.
F17 Of the reported shares, 1,333,334 vest in 16 months beginning on June 13, 2022.
F18 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.
F19 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.
F20 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.
F21 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.
F22 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.