Katrin Suder - Jun 1, 2023 Form 4 Insider Report for Cloudflare, Inc. (NET)

Role
Director
Signature
/s/ Chad Skinner, by power of attorney
Stock symbol
NET
Transactions as of
Jun 1, 2023
Transactions value $
-$175,000
Form type
4
Date filed
6/2/2023, 07:20 PM
Previous filing
May 31, 2023
Next filing
Jun 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NET Class A Common Stock Award $0 +2.87K +6.67% $0.00 45.9K Jun 1, 2023 Direct F1
transaction NET Class A Common Stock Sale -$175K -2.5K -5.45% $70.00 43.4K Jun 1, 2023 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Represents an automatic annual restricted stock unit, or RSU, award issued pursuant to the Issuer's Outside Director Compensation Policy. The RSUs vest on the earlier of (i) June 1, 2024 or (ii) the day prior to the date of the Issuer's next annual meeting of stockholders.
F2 The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 28, 2023.