Carl Ledbetter - 08 Dec 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: 08 Dec 2021
Net transactions value: -$7,645,669
Form type: 4
Filing time: 10 Dec 2021, 15:08:10 UTC
Previous filing: 09 Nov 2021
Next filing: 11 Jan 2022
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	Sale	$1,052,917	-6,997	-0.34%	$150.48	2,062,552	08 Dec 2021	See footnote	F1, F2, F3
transaction	NET	Class A Common Stock	Sale	$1,647,743	-10,870	-0.53%	$151.59	2,051,682	08 Dec 2021	See footnote	F1, F3, F4
transaction	NET	Class A Common Stock	Sale	$1,546,763	-10,138	-0.49%	$152.57	2,041,544	08 Dec 2021	See footnote	F1, F3, F5
transaction	NET	Class A Common Stock	Sale	$1,703,975	-11,090	-0.54%	$153.65	2,030,454	08 Dec 2021	See footnote	F1, F3, F6
transaction	NET	Class A Common Stock	Sale	$968,650	-6,255	-0.31%	$154.86	2,024,199	08 Dec 2021	See footnote	F1, F3, F7
transaction	NET	Class A Common Stock	Sale	$474,596	-3,050	-0.15%	$155.61	2,021,149	08 Dec 2021	See footnote	F1, F3, F8
transaction	NET	Class A Common Stock	Sale	$214,234	-1,366	-0.07%	$156.83	2,019,783	08 Dec 2021	See footnote	F1, F3, F9
transaction	NET	Class A Common Stock	Sale	$36,790	-234	-0.01%	$157.22	2,019,549	08 Dec 2021	See footnote	F1, F3, F10
holding	NET	Class A Common Stock						9,063	08 Dec 2021	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 17, 2021.
F2	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $150.03 to $151.02, inclusive. The reporting person undertakes to provide 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 (2) and (4) through (10) to this Form 4.
F3	The shares are held of record by the Carl S. Ledbetter Trust dated February 14, 2020, for which the reporting person serves as a trustee.
F4	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $151.045 to $152.04, inclusive.
F5	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $152.08 to $153.00, inclusive.
F6	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $153.14 to $154.13, inclusive.
F7	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $154.195 to $155.19, inclusive.
F8	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $155.195 to $156.02, inclusive.
F9	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $156.21 to $157.165, inclusive.
F10	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $157.22 to $157.23, inclusive.