Maria S. Eitel - May 15, 2022 Form 4 Insider Report for Cloudflare, Inc. (NET)

Role
Director
Signature
/s/ Lindsey Cochran, by power of attorney
Stock symbol
NET
Transactions as of
May 15, 2022
Transactions value $
$0
Form type
4
Date filed
5/17/2022, 04:26 PM
Previous filing
May 10, 2022
Next filing
Jun 6, 2022

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 -1.25K -25% $0.00 3.75K May 15, 2022 Class B Common Stock 1.25K Direct F1, F2, F3
transaction NET Class B Common Stock Options Exercise $0 +1.25K +1% $0.00 126K May 15, 2022 Class A Common Stock 1.25K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit, or RSU, represents a contingent right to receive one share of Issuer Class B Common Stock.
F2 The RSUs vest in 16 equal quarterly installments following February 15, 2019.
F3 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.