Maria S. Eitel - Feb 15, 2023 Form 4 Insider Report for Cloudflare, Inc. (NET)

Role
Director
Signature
/s/ Lindsey Cochran, by power of attorney
Stock symbol
NET
Transactions as of
Feb 15, 2023
Transactions value $
$0
Form type
4
Date filed
2/16/2023, 04:57 PM
Previous filing
Nov 16, 2022
Next filing
Jun 2, 2023

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 -100% $0.00* 0 Feb 15, 2023 Class B Common Stock 1.25K Direct F1, F2, F3
transaction NET Class B Common Stock Options Exercise $0 +1.25K +0.97% $0.00 130K Feb 15, 2023 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.