THOMAS J. SEIFERT - 18 Jan 2022 Form 4 Insider Report for Cloudflare, Inc. (NET)

Role
Chief Financial Officer
Signature
/s/ Lindsey Cochran, by power of attorney
Issuer symbol
NET
Transactions as of
18 Jan 2022
Net transactions value
-$1,910,227
Form type
4
Filing time
20 Jan 2022, 15:22:13 UTC
Previous filing
05 Jan 2022
Next filing
04 Feb 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 Conversion of derivative security +20,000 +40% 70,156 18 Jan 2022 Direct F1
transaction NET Class A Common Stock Sale $492,040 -5,251 -7.5% $93.70 64,905 18 Jan 2022 Direct F2, F3
transaction NET Class A Common Stock Sale $529,891 -5,583 -8.6% $94.91 59,322 18 Jan 2022 Direct F2, F4
transaction NET Class A Common Stock Sale $347,164 -3,623 -6.1% $95.82 55,699 18 Jan 2022 Direct F2, F5
transaction NET Class A Common Stock Sale $299,890 -3,095 -5.6% $96.90 52,604 18 Jan 2022 Direct F2, F6
transaction NET Class A Common Stock Sale $112,199 -1,148 -2.2% $97.73 51,456 18 Jan 2022 Direct F2, F7
transaction NET Class A Common Stock Sale $119,036 -1,200 -2.3% $99.20 50,256 18 Jan 2022 Direct F2, F8
transaction NET Class A Common Stock Sale $10,006 -100 -0.2% $100.06* 50,156 18 Jan 2022 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 Employee Stock Option (right to buy) Options Exercise $0 -20,000 -7.9% $0.000000 234,058 18 Jan 2022 Class B Common Stock 20,000 $1.95 Direct F1, F9
transaction NET Class B Common Stock Options Exercise $0 +20,000 +7.7% $0.000000 278,925 18 Jan 2022 Class A Common Stock 20,000 Direct F1
transaction NET Class B Common Stock Conversion of derivative security $0 -20,000 -7.2% $0.000000 258,925 18 Jan 2022 Class A Common Stock 20,000 Direct F1
holding NET Class B Common Stock 76,100 18 Jan 2022 Class A Common Stock 76,100 See footnote F1, F10
holding NET Class B Common Stock 76,100 18 Jan 2022 Class A Common Stock 76,100 See footnote F1, F11
holding NET Class B Common Stock 76,100 18 Jan 2022 Class A Common Stock 76,100 See footnote F1, F12
* 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 9, 2020.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $93.38 to $94.37, 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) through (8) 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 $94.38 to $95.37, inclusive.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $95.41 to $96.40, inclusive.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $96.48 to $97.47, inclusive.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $97.50 to $98.11,inclusive.
F8 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $98.58 to $99.45, inclusive.
F9 The option is subject to an early exercise provision and is immediately exercisable. One-fourth of the total shares vested on June 1, 2018 and the remaining shares vest in 36 equal monthly installments thereafter.
F10 The shares are held of record by Center Court 2020 Trust 1 UA 12/11/20, for which the reporting person serves as trustee.
F11 The shares are held of record by Center Court 2020 Trust 2 UA 12/11/20, for which the reporting person serves as trustee.
F12 The shares are held of record by Center Court 2020 Trust 3 UA 12/11/20, for which the reporting person serves as trustee.