Katrin Suder - 15 Aug 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 Aug 2021
Net transactions value
-$900,350
Form type
4
Filing time
17 Aug 2021, 17:29:56 UTC
Previous filing
04 Jun 2021
Next filing
17 Nov 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 +7,500 +83% 16,563 17 Aug 2021 Direct F1
transaction NET Class A Common Stock Sale $425,275 -3,555 -21% $119.63 13,008 17 Aug 2021 Direct F2, F3
transaction NET Class A Common Stock Sale $462,958 -3,845 -30% $120.41 9,163 17 Aug 2021 Direct F2, F4
transaction NET Class A Common Stock Sale $12,117 -100 -1.1% $121.17 9,063 17 Aug 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 Restricted Stock Units Options Exercise $0 -7,500 -11% $0.000000 60,000 15 Aug 2021 Class B Common Stock 7,500 Direct F1, F5, F6
transaction NET Class B Common Stock Options Exercise $0 +7,500 $0.000000 7,500 15 Aug 2021 Class A Common Stock 7,500 Direct F1
transaction NET Class B Common Stock Conversion of derivative security $0 -7,500 -100% $0.000000* 0 17 Aug 2021 Class A Common Stock 7,500 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 $119.02 to $120.00, 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 $120.07 to $121.00, 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.