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

Role
Chief Financial Officer
Signature
/s/ Lindsey Cochran, by power of attorney
Issuer symbol
NET
Transactions as of
15 Feb 2023
Net transactions value
-$1,697,719
Form type
4
Filing time
17 Feb 2023, 16:24:19 UTC
Previous filing
14 Feb 2023
Next filing
28 Feb 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 Tax liability $714,516 -9,869 -11% $72.40 76,564 15 Feb 2023 Direct F1
transaction NET Class A Common Stock Sale $605,361 -9,427 -12% $64.22 67,137 17 Feb 2023 Direct F2, F3
transaction NET Class A Common Stock Sale $258,705 -3,982 -5.9% $64.97 63,155 17 Feb 2023 Direct F2, F4
transaction NET Class A Common Stock Sale $105,741 -1,600 -2.5% $66.09 61,555 17 Feb 2023 Direct F2, F5
transaction NET Class A Common Stock Sale $13,396 -200 -0.32% $66.98 61,355 17 Feb 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.