Maria S. Eitel - 15 Feb 2023 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 Feb 2023
Net transactions value
$0
Form type
4
Filing time
16 Feb 2023, 16:57:29 UTC
Previous filing
16 Nov 2022
Next filing
02 Jun 2023
SEC
View on sec.gov

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 -1,250 -100% $0.000000* 0 15 Feb 2023 Class B Common Stock 1,250 Direct F1, F2, F3
transaction NET Class B Common Stock Options Exercise $0 +1,250 +0.97% $0.000000 130,000 15 Feb 2023 Class A Common Stock 1,250 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.