Mark Anderson - 15 May 2021 Form 4 Insider Report for Cloudflare, Inc. (NET)

Role
Director
Signature
/s/ Lindsey Cochran, by power of attorney
Issuer symbol
NET
Transactions as of
15 May 2021
Net transactions value
$0
Form type
4
Filing time
18 May 2021, 18:25:16 UTC
Previous filing
14 May 2021
Next filing
04 Jun 2021
SEC
View on sec.gov

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 Restricted Stock Units Options Exercise $0 -7,125 -10% $0.000000 64,125 15 May 2021 Class B Common Stock 7,125 Direct F1, F2, F3
transaction NET Class B Common Stock Options Exercise $0 +7,125 +17% $0.000000 49,875 15 May 2021 Class A Common Stock 7,125 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit, or RSU, represents a contingent right to receive one share of Issuer Class B Common Stock.
F2 The RSUs vest in 16 equal quarterly installments following August 15, 2019.
F3 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.