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

Role
Director
Signature
/s/ Lindsey Cochran, by power of attorney
Stock symbol
NET
Transactions as of
May 15, 2021
Transactions value $
-$523,708
Form type
4
Date filed
5/18/2021, 06:36 PM
Previous filing
May 11, 2021
Next filing
Jun 4, 2021

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 +7.5K +113.26% 14.1K May 17, 2021 Direct F1
transaction NET Class A Common Stock Sale -$351K -5.05K -35.77% $69.49 9.07K May 17, 2021 Direct F2, F3
transaction NET Class A Common Stock Sale -$173K -2.45K -26.99% $70.52 6.62K May 17, 2021 Direct F2, F4

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 StockUnits Options Exercise $0 -7.5K -10% $0.00 67.5K May 15, 2021 Class B Common Stock 7.5K Direct F1, F5, F6
transaction NET Class B Common Stock Options Exercise $0 +7.5K $0.00 7.5K May 15, 2021 Class A Common Stock 7.5K Direct F1
transaction NET Class B Common Stock Conversion of derivative security $0 -7.5K -100% $0.00* 0 May 17, 2021 Class A Common Stock 7.5K Direct F1
* 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 sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 16, 2021.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $69.00 to $69.95, 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 (3) and (4) to this Form 4.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $70.00 to $70.82, inclusive.
F5 Each restricted stock unit, or RSU, represents a contingent right to receive one share of Issuer Class B Common Stock.
F6 The RSUs vest in 16 equal quarterly installments following August 15, 2019.