Matthew Prince - 06 Mar 2023 Form 4 Insider Report for Cloudflare, Inc. (NET)

Role
CEO & Chair of the Board, Director, 10%+ Owner
Signature
/s/ Lindsey Cochran, by power of attorney
Issuer symbol
NET
Transactions as of
06 Mar 2023
Net transactions value
-$9,471,945
Form type
4
Filing time
08 Mar 2023, 19:19:32 UTC
Previous filing
15 Feb 2023
Next filing
06 Apr 2023
SEC
View on sec.gov

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 06 Mar 2023 See footnote F1, F2
transaction NET Class A Common Stock Sale $1,518,929 -25,139 -48% $60.42 27,245 06 Mar 2023 See footnote F2, F3, F4
transaction NET Class A Common Stock Sale $1,555,463 -25,245 -93% $61.61 2,000 06 Mar 2023 See footnote F2, F3, F5
transaction NET Class A Common Stock Sale $124,420 -2,000 -100% $62.21 0 06 Mar 2023 See footnote F2, F3, F6
transaction NET Class A Common Stock Conversion of derivative security +52,384 52,384 07 Mar 2023 See footnote F1, F2
transaction NET Class A Common Stock Sale $2,401,105 -40,080 -77% $59.91 12,304 07 Mar 2023 See footnote F2, F3, F7
transaction NET Class A Common Stock Sale $747,312 -12,304 -100% $60.74 0 07 Mar 2023 See footnote F2, F3, F8
transaction NET Class A Common Stock Conversion of derivative security +52,384 52,384 08 Mar 2023 See footnote F1, F2
transaction NET Class A Common Stock Sale $1,569,754 -26,452 -50% $59.34 25,932 08 Mar 2023 See footnote F2, F3, F9
transaction NET Class A Common Stock Sale $1,554,963 -25,932 -100% $59.96 0 08 Mar 2023 See footnote F2, F3, F10

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 -0.33% $0.000000 15,841,877 06 Mar 2023 Class A Common Stock 52,384 See footnote F1, F2, F11
transaction NET Class B Common Stock Conversion of derivative security $0 -52,384 -0.33% $0.000000 15,789,493 07 Mar 2023 Class A Common Stock 52,384 See footnote F1, F2, F11
transaction NET Class B Common Stock Conversion of derivative security $0 -52,384 -0.33% $0.000000 15,737,109 08 Mar 2023 Class A Common Stock 52,384 See footnote F1, F2, F11
holding NET Class B Common Stock 1,741,355 06 Mar 2023 Class A Common Stock 1,741,355 See footnote F1, F12
holding NET Class B Common Stock 377,772 06 Mar 2023 Class A Common Stock 377,772 See footnote F1, F13
holding NET Class B Common Stock 6,928,408 06 Mar 2023 Class A Common Stock 6,928,408 See footnote F1, F14
holding NET Class B Common Stock 1,060,000 06 Mar 2023 Class A Common Stock 1,060,000 See footnote F1, F15
holding NET Class B Common Stock 6,012,938 06 Mar 2023 Class A Common Stock 6,012,938 See footnote F1, F16
* 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, as modified on November 29, 2022.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $60.05 to $61.005, 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 (10) 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 $61.055 to $62.05, inclusive.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $62.065 to $62.57, inclusive.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $59.46 to $60.45, inclusive.
F8 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $60.46 to $61.355, inclusive.
F9 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $58.61 to $59.60, inclusive.
F10 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $59.61 to $60.595, inclusive.
F11 Of the reported shares, 583,334 vest in seven months beginning on March 13, 2023.
F12 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.
F13 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.
F14 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.
F15 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.
F16 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 as co-trustee and investment advisor.