Katrin Suder - 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, 17:02:20 UTC
Previous filing
16 Nov 2022
Next filing
16 May 2023
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 +20% 44,517 15 Feb 2023 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 -33% $0.000000 15,000 15 Feb 2023 Class B Common Stock 7,500 Direct F1, F2, F3
transaction NET Class B Common Stock Options Exercise $0 +7,500 $0.000000 7,500 15 Feb 2023 Class A Common Stock 7,500 Direct F1
transaction NET Class B Common Stock Conversion of derivative security $0 -7,500 -100% $0.000000* 0 15 Feb 2023 Class A Common Stock 7,500 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.