Stanley J. Meresman - Aug 11, 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
Aug 11, 2021
Transactions value $
-$2,951,609
Form type
4
Date filed
8/12/2021, 04:08 PM
Previous filing
Aug 12, 2021
Next filing
Aug 17, 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 +24K +264.81% 33.1K Aug 11, 2021 Direct F1
transaction NET Class A Common Stock Sale -$540K -4.41K -13.34% $122.41 28.7K Aug 11, 2021 Direct F2, F3
transaction NET Class A Common Stock Sale -$2.39M -19.4K -67.67% $123.10 9.26K Aug 11, 2021 Direct F2, F4
transaction NET Class A Common Stock Sale -$24.8K -200 -2.16% $123.88 9.06K Aug 11, 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 Stock Option (right to buy) Options Exercise $0 -24K -23.08% $0.00 80K Aug 11, 2021 Class B Common Stock 24K $8.56 Direct F1, F5
transaction NET Class B Common Stock Options Exercise $0 +24K $0.00 24K Aug 11, 2021 Class A Common Stock 24K Direct F1
transaction NET Class B Common Stock Conversion of derivative security $0 -24K -100% $0.00* 0 Aug 11, 2021 Class A Common Stock 24K 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 August 10, 2020.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $121.79 to $122.76, 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 $122.79 to $123.695, inclusive.
F5 The option is subject to an early exercise provision and is immediately exercisable. Shares subject to the option vest in 16 equal quarterly installments following December 13, 2018.