Katrin Suder - 15 May 2022 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 May 2022
Net transactions value
$0
Form type
4
Filing time
17 May 2022, 16:32:32 UTC
Previous filing
17 Feb 2022
Next filing
06 Jun 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 +7,500 +293% 10,063 15 May 2022 Direct F1
transaction NET Class A Common Stock Conversion of derivative security +8,500 +84% 18,563 16 May 2022 Direct F1

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 -17% $0.000000 37,500 15 May 2022 Class B Common Stock 7,500 Direct F1, F2, F3
transaction NET Class B Common Stock Options Exercise $0 +7,500 +88% $0.000000 16,000 15 May 2022 Class A Common Stock 7,500 Direct F1
transaction NET Class B Common Stock Conversion of derivative security $0 -7,500 -47% $0.000000 8,500 15 May 2022 Class A Common Stock 7,500 Direct F1
transaction NET Class B Common Stock Conversion of derivative security $0 -8,500 -100% $0.000000* 0 16 May 2022 Class A Common Stock 8,500 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 Each restricted stock unit, or RSU, represents a contingent right to receive one share of Issuer Class B Common Stock.
F3 The RSUs vest in 16 equal quarterly installments following August 15, 2019.