Mark Anderson - May 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
May 15, 2023
Transactions value $
$0
Form type
4
Date filed
5/16/2023, 06:49 PM
Previous filing
Mar 9, 2023
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 -7.13K -50% $0.00 7.13K May 15, 2023 Class B Common Stock 7.13K Direct F1, F2, F3
transaction NET Class B Common Stock Options Exercise $0 +7.13K +7.14% $0.00 107K May 15, 2023 Class A Common Stock 7.13K 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 August 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.