Douglas James Kramer - 01 Jun 2021 Form 4 Insider Report for Cloudflare, Inc. (NET)

Role
General Counsel
Signature
/s/ Lindsey Cochran, by power of attorney
Issuer symbol
NET
Transactions as of
01 Jun 2021
Transactions value $
-$819,152
Form type
4
Filing time
02 Jun 2021, 18:34:55
Previous filing
18 May 2021
Next filing
02 Jul 2021
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 +2.12K +5.24% 42.7K 01 Jun 2021 Direct F1
transaction NET Class A Common Stock Sale -$816K -9.97K -23.37% $81.91 32.7K 01 Jun 2021 Direct F2, F3
transaction NET Class A Common Stock Sale -$2.81K -34 -0.1% $82.51 32.7K 01 Jun 2021 Direct F2

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 -2.12K -0.74% $0.00 285K 01 Jun 2021 Class A Common Stock 2.12K 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 November 16, 2020.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $81.45 to $82.35, 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.