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

Signature
/s/ Lindsey Cochran, by power of attorney
Issuer symbol
NET
Transactions as of
10 Nov 2022
Net transactions value
-$7,874,868
Form type
4
Filing time
14 Nov 2022, 20:05:29 UTC
Previous filing
07 Oct 2022
Next filing
19 Dec 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 10 Nov 2022 See footnote F1, F2
transaction NET Class A Common Stock Sale $168,147 -3,900 -7.4% $43.11 48,484 10 Nov 2022 See footnote F2, F3, F4
transaction NET Class A Common Stock Sale $48,519 -1,100 -2.3% $44.11 47,384 10 Nov 2022 See footnote F2, F3, F5
transaction NET Class A Common Stock Sale $492,207 -10,852 -23% $45.36 36,532 10 Nov 2022 See footnote F2, F3, F6
transaction NET Class A Common Stock Sale $1,299,383 -28,195 -77% $46.09 8,337 10 Nov 2022 See footnote F2, F3, F7
transaction NET Class A Common Stock Sale $392,923 -8,337 -100% $47.13 0 10 Nov 2022 See footnote F2, F3, F8
transaction NET Class A Common Stock Conversion of derivative security +52,384 52,384 11 Nov 2022 See footnote F1, F2
transaction NET Class A Common Stock Sale $114,423 -2,430 -4.6% $47.09 49,954 11 Nov 2022 See footnote F2, F3, F9
transaction NET Class A Common Stock Sale $205,074 -4,229 -8.5% $48.49 45,725 11 Nov 2022 See footnote F2, F3, F10
transaction NET Class A Common Stock Sale $161,906 -3,295 -7.2% $49.14 42,430 11 Nov 2022 See footnote F2, F3, F11
transaction NET Class A Common Stock Sale $110,982 -2,205 -5.2% $50.33 40,225 11 Nov 2022 See footnote F2, F3, F12
transaction NET Class A Common Stock Sale $715,880 -13,877 -34% $51.59 26,348 11 Nov 2022 See footnote F2, F3, F13
transaction NET Class A Common Stock Sale $787,497 -14,965 -57% $52.62 11,383 11 Nov 2022 See footnote F2, F3, F14
transaction NET Class A Common Stock Sale $607,216 -11,383 -100% $53.34 0 11 Nov 2022 See footnote F2, F3, F15
transaction NET Class A Common Stock Conversion of derivative security +79,030 79,030 14 Nov 2022 See footnote F1, F2
transaction NET Class A Common Stock Gift $0 -26,646 -34% $0.000000 52,384 14 Nov 2022 See footnote F2
transaction NET Class A Common Stock Sale $244,196 -4,702 -9% $51.93 47,682 14 Nov 2022 See footnote F2, F3, F16
transaction NET Class A Common Stock Sale $1,594,136 -30,280 -64% $52.65 17,402 14 Nov 2022 See footnote F2, F3, F17
transaction NET Class A Common Stock Sale $932,380 -17,402 -100% $53.58 0 14 Nov 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 -52,384 -0.32% $0.000000 16,497,131 10 Nov 2022 Class A Common Stock 52,384 See footnote F1, F2, F19
transaction NET Class B Common Stock Conversion of derivative security $0 -52,384 -0.32% $0.000000 16,444,747 11 Nov 2022 Class A Common Stock 52,384 See footnote F1, F2, F19
transaction NET Class B Common Stock Conversion of derivative security $0 -79,030 -0.48% $0.000000 16,365,717 14 Nov 2022 Class A Common Stock 79,030 See footnote F1, F2, F19
holding NET Class B Common Stock 1,741,355 10 Nov 2022 Class A Common Stock 1,741,355 See footnote F1, F20
holding NET Class B Common Stock 377,772 10 Nov 2022 Class A Common Stock 377,772 See footnote F1, F21
holding NET Class B Common Stock 6,928,408 10 Nov 2022 Class A Common Stock 6,928,408 See footnote F1, F22
holding NET Class B Common Stock 1,060,000 10 Nov 2022 Class A Common Stock 1,060,000 See footnote F1, F23
holding NET Class B Common Stock 6,012,938 10 Nov 2022 Class A Common Stock 6,012,938 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.