Thomas J. Seifert - Feb 15, 2023 Form 4 Insider Report for Cloudflare, Inc. (NET)

Role
Chief Financial Officer
Signature
/s/ Lindsey Cochran, by power of attorney
Stock symbol
NET
Transactions as of
Feb 15, 2023
Transactions value $
-$1,697,719
Form type
4
Date filed
2/17/2023, 04:24 PM
Previous filing
Feb 14, 2023
Next filing
Feb 28, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NET Class A Common Stock Tax liability -$715K -9.87K -11.42% $72.40 76.6K Feb 15, 2023 Direct F1
transaction NET Class A Common Stock Sale -$605K -9.43K -12.31% $64.22 67.1K Feb 17, 2023 Direct F2, F3
transaction NET Class A Common Stock Sale -$259K -3.98K -5.93% $64.97 63.2K Feb 17, 2023 Direct F2, F4
transaction NET Class A Common Stock Sale -$106K -1.6K -2.53% $66.09 61.6K Feb 17, 2023 Direct F2, F5
transaction NET Class A Common Stock Sale -$13.4K -200 -0.32% $66.98 61.4K Feb 17, 2023 Direct F2, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares were withheld to satisfy the reporting person's tax liability in connection with the vesting of restricted stock units, or RSUs.
F2 The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 24, 2021, as modified on August 25, 2022.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $63.59 to $64.56, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (3) through (6) to this Form 4.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $64.59 to $65.50, inclusive.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $65.74 to $66.71, inclusive.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $66.92 to $67.04, inclusive.