Michelle Zatlyn - 25 Nov 2025 Form 4 Insider Report for Cloudflare, Inc. (NET)

Role
President and Board Co-Chair, Director
Signature
/s/ Lindsey Cochran, by power of attorney
Issuer symbol
NET
Transactions as of
25 Nov 2025
Net transactions value
$0
Form type
4
Filing time
26 Nov 2025, 16:44:24 UTC
Previous filing
24 Nov 2025
Next filing
03 Dec 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Zatlyn Michelle President and Board Co-Chair, Director C/O CLOUDFLARE, INC., 101 TOWNSEND STREET, SAN FRANCISCO /s/ Lindsey Cochran, by power of attorney 26 Nov 2025 0001786951

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 Gift $0 -1 -0% $0.000000 552,438 25 Nov 2025 Class A Common Stock 1 See footnote F1, F2
transaction NET Class B Common Stock Gift $0 +1 $0.000000 1 25 Nov 2025 Class A Common Stock 1 By LLC F1
transaction NET Class B Common Stock Gift $0 -1 -100% $0.000000 0 26 Nov 2025 Class A Common Stock 1 By LLC F1, F3
holding NET Class B Common Stock 351,505 25 Nov 2025 Class A Common Stock 351,505 See footnote F1, F4
holding NET Class B Common Stock 2,064,551 25 Nov 2025 Class A Common Stock 2,064,551 See footnote F1, F5
holding NET Class B Common Stock 4,819 25 Nov 2025 Class A Common Stock 4,819 See footnote F1, F6
holding NET Class B Common Stock 921,730 25 Nov 2025 Class A Common Stock 921,730 See footnote F1, F7
holding NET Class B Common Stock 944,742 25 Nov 2025 Class A Common Stock 944,742 See footnote F1, F8
holding NET Class B Common Stock 790,659 25 Nov 2025 Class A Common Stock 790,659 See footnote F1, F9
holding NET Class B Common Stock 1,000,000 25 Nov 2025 Class A Common Stock 1,000,000 See footnote F1, F10
holding NET Class B Common Stock 200,000 25 Nov 2025 Class A Common Stock 200,000 See footnote F1, F11
holding NET Class B Common Stock 250,000 25 Nov 2025 Class A Common Stock 250,000 See footnote F1, F12
* 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 Sutherland/Zatlyn Revocable Trust dated November 17, 2016, for which the reporting person serves as co-trustee.
F3 Represents a gift to a 501(c)(3) charitable organization.
F4 The shares are held of record by The SZ 2020 Irrevocable Trust dated November 25, 2020, for which the reporting person serves as an investment advisor.
F5 The shares are held of record by The SZ 2021 Irrevocable Trust dated November 6, 2021, for which the reporting person serves as the appointer.
F6 The shares are held of record by The SZ 2023 Irrevocable Trust dated August 29, 2023, for which the reporting person serves as a co-trustee.
F7 The shares are held of record by The Sutherland/Zatlyn 2024 Annuity Trust dated May 29, 2024, for which the reporting person serves as co-trustee.
F8 The shares are held of record by The Sutherland/Zatlyn 2024 Annuity Trust II dated August 19, 2024, for which the reporting person serves as co-trustee.
F9 The shares are held of record by The Sutherland/Zatlyn 2024 Annuity Trust III dated November 12, 2024, for which the reporting person serves as co-trustee.
F10 The shares are held of record by The Sutherland/Zatlyn 2025 Annuity Trust dated May 23, 2025, for which the reporting person serves as trustee.
F11 The shares are held of record by The Sutherland/Zatlyn 2025 Annuity Trust II dated August 15, 2025, for which the reporting person serves as trustee.
F12 The shares are held of record by The Sutherland/Zatlyn 2025 Annuity Trust III dated November 11, 2025, for which the reporting person serves as trustee.