Matthew Prince - Nov 10, 2022 Form 4 Insider Report for Cloudflare, Inc. (NET)

Signature
/s/ Lindsey Cochran, by power of attorney
Stock symbol
NET
Transactions as of
Nov 10, 2022
Transactions value $
-$7,874,868
Form type
4
Date filed
11/14/2022, 08:05 PM
Previous filing
Oct 7, 2022
Next filing
Dec 19, 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 Nov 10, 2022 See footnote F1, F2
transaction NET Class A Common Stock Sale -$168K -3.9K -7.45% $43.11 48.5K Nov 10, 2022 See footnote F2, F3, F4
transaction NET Class A Common Stock Sale -$48.5K -1.1K -2.27% $44.11 47.4K Nov 10, 2022 See footnote F2, F3, F5
transaction NET Class A Common Stock Sale -$492K -10.9K -22.9% $45.36 36.5K Nov 10, 2022 See footnote F2, F3, F6
transaction NET Class A Common Stock Sale -$1.3M -28.2K -77.18% $46.09 8.34K Nov 10, 2022 See footnote F2, F3, F7
transaction NET Class A Common Stock Sale -$393K -8.34K -100% $47.13 0 Nov 10, 2022 See footnote F2, F3, F8
transaction NET Class A Common Stock Conversion of derivative security +52.4K 52.4K Nov 11, 2022 See footnote F1, F2
transaction NET Class A Common Stock Sale -$114K -2.43K -4.64% $47.09 50K Nov 11, 2022 See footnote F2, F3, F9
transaction NET Class A Common Stock Sale -$205K -4.23K -8.47% $48.49 45.7K Nov 11, 2022 See footnote F2, F3, F10
transaction NET Class A Common Stock Sale -$162K -3.3K -7.21% $49.14 42.4K Nov 11, 2022 See footnote F2, F3, F11
transaction NET Class A Common Stock Sale -$111K -2.21K -5.2% $50.33 40.2K Nov 11, 2022 See footnote F2, F3, F12
transaction NET Class A Common Stock Sale -$716K -13.9K -34.5% $51.59 26.3K Nov 11, 2022 See footnote F2, F3, F13
transaction NET Class A Common Stock Sale -$787K -15K -56.8% $52.62 11.4K Nov 11, 2022 See footnote F2, F3, F14
transaction NET Class A Common Stock Sale -$607K -11.4K -100% $53.34 0 Nov 11, 2022 See footnote F2, F3, F15
transaction NET Class A Common Stock Conversion of derivative security +79K 79K Nov 14, 2022 See footnote F1, F2
transaction NET Class A Common Stock Gift $0 -26.6K -33.72% $0.00 52.4K Nov 14, 2022 See footnote F2
transaction NET Class A Common Stock Sale -$244K -4.7K -8.98% $51.93 47.7K Nov 14, 2022 See footnote F2, F3, F16
transaction NET Class A Common Stock Sale -$1.59M -30.3K -63.5% $52.65 17.4K Nov 14, 2022 See footnote F2, F3, F17
transaction NET Class A Common Stock Sale -$932K -17.4K -100% $53.58 0 Nov 14, 2022 See footnote F2, F3, F18

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 -0.32% $0.00 16.5M Nov 10, 2022 Class A Common Stock 52.4K See footnote F1, F2, F19
transaction NET Class B Common Stock Conversion of derivative security $0 -52.4K -0.32% $0.00 16.4M Nov 11, 2022 Class A Common Stock 52.4K See footnote F1, F2, F19
transaction NET Class B Common Stock Conversion of derivative security $0 -79K -0.48% $0.00 16.4M Nov 14, 2022 Class A Common Stock 79K See footnote F1, F2, F19
holding NET Class B Common Stock 1.74M Nov 10, 2022 Class A Common Stock 1.74M See footnote F1, F20
holding NET Class B Common Stock 378K Nov 10, 2022 Class A Common Stock 378K See footnote F1, F21
holding NET Class B Common Stock 6.93M Nov 10, 2022 Class A Common Stock 6.93M See footnote F1, F22
holding NET Class B Common Stock 1.06M Nov 10, 2022 Class A Common Stock 1.06M See footnote F1, F23
holding NET Class B Common Stock 6.01M Nov 10, 2022 Class A Common Stock 6.01M 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 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 $42.58 to $43.56, 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 (18) 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 $43.60 to $44.55, inclusive.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $44.72 to $45.70, inclusive.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $45.725 to $46.66, inclusive.
F8 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $46.73 to $47.355, inclusive.
F9 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $46.74 to $47.615, inclusive.
F10 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $47.875 to $48.83, inclusive.
F11 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $48.875 to $49.865, inclusive.
F12 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $49.89 to $50.765, inclusive.
F13 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.99 to $51.985, inclusive.
F14 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $51.99 to $52.98, inclusive.
F15 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $53.00 to $53.71, inclusive.
F16 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $51.20 to $52.195, inclusive.
F17 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $52.205 to $53.20, inclusive.
F18 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $53.205 to $53.96, inclusive.
F19 Of the reported shares, 916,667 vest in 11 months beginning on November 13, 2022.
F20 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.
F21 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.
F22 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.
F23 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.
F24 The shares are held of record by The Matthew Prince 2022 Grantor Retained Annuity Trust UA 8/12/2022, for which the reporting person serves co-trustee and investment advisor.