Scott D. Sandell - Aug 17, 2021 Form 4 Insider Report for Cloudflare, Inc. (NET)

Role
Director
Signature
/s/ Sasha Keough, attorney-in-fact
Stock symbol
NET
Transactions as of
Aug 17, 2021
Transactions value $
$0
Form type
4
Date filed
8/19/2021, 06:16 PM
Previous filing
Aug 13, 2021
Next filing
Oct 4, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NET Class A Common Stock Other $0 -1.87M -67.8% $0.00 890K Aug 17, 2021 See Note 2 F1, F2
transaction NET Class A Common Stock Other $0 +575K $0.00 575K Aug 17, 2021 See Note 4 F3, F4
transaction NET Class A Common Stock Other $0 -575K -100% $0.00* 0 Aug 17, 2021 See Note 4 F4, F5
transaction NET Class A Common Stock Other $0 +15.4K +4.41% $0.00 366K Aug 17, 2021 See Note 7 F6, F7
holding NET Class A Common Stock 37K Aug 17, 2021 See Note 8 F8
holding NET Class A Common Stock 9.06K Aug 17, 2021 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 New Enterprise Associates 13, L.P. ("NEA 13") made a pro rata distribution for no consideration of an aggregate of 1,873,824 shares of Class A Common Stock of the Issuer to its general partner and its limited partners on August 17, 2021.
F2 The Reporting Person is a director of NEA 13 GP, LTD ("NEA 13 GP"), which is the sole general partner of NEA Partners 13, L.P. ("NEA Partners 13"). NEA Partners 13 is the sole general partner of NEA 13, which is the direct beneficial owner of the securities. The Reporting Person disclaims beneficial ownership, within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise of such portion of the securities of the Issuer held by NEA 13 in which the Reporting Person has no pecuniary interest.
F3 NEA Partners 13 received 575,264 shares of Class A Common Stock of the Issuer in the distribution by NEA 13 on August 17, 2021.
F4 The Reporting Person is a director of NEA 13 GP, which is the sole general partner of NEA Partners 13, the direct beneficial owner of the securities. The Reporting Person disclaims beneficial ownership, within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise of such portion of the securities of the Issuer held by NEA Partners 13 in which the Reporting Person has no pecuniary interest.
F5 NEA Partners 13 made a pro rata distribution for no consideration of an aggregate of 575,264 shares of Class A Common Stock of the Issuer to its limited partners on August 17, 2021.
F6 The Reporting Person, as trustee of the Blue Mountain Trust, dated April 29, 2019 (the "Blue Mountain Trust"), received 15,424 shares of Class A Common Stock of the Issuer in the distribution by NEA Partners 13 on August 17, 2021.
F7 The Reporting Person is the trustee of the Blue Mountain Trust, which is the direct beneficial owner of the securities. The Reporting Person disclaims beneficial ownership within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, of such portion of the securities of the Issuer held by the Blue Mountain Trust in which the Reporting Person has no pecuniary interest.
F8 The Reporting Person is the trustee of the Pendleton 2020 GRAT, which is the direct beneficial owner of the securities.