Douglas James Kramer - Aug 14, 2023 Form 4 Insider Report for Cloudflare, Inc. (NET)

Role
General Counsel
Signature
/s/ Lindsey Cochran, by power of attorney
Stock symbol
NET
Transactions as of
Aug 14, 2023
Transactions value $
-$645,944
Form type
4
Date filed
8/16/2023, 08:05 PM
Previous filing
Aug 2, 2023
Next filing
Aug 17, 2023

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 +30K +18.69% 190K Aug 14, 2023 Direct F1
transaction NET Class A Common Stock Conversion of derivative security +4.16K +2.18% 195K Aug 15, 2023 Direct F1
transaction NET Class A Common Stock Tax liability -$322K -5.18K -2.66% $62.11 189K Aug 15, 2023 Direct F2

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 Class B Common Stock Conversion of derivative security $0 -30K -22.96% $0.00 101K Aug 14, 2023 Class A Common Stock 30K Direct F1
transaction NET Restricted Stock Units Options Exercise $0 -9.38K -100% $0.00* 0 Aug 15, 2023 Class B Common Stock 9.38K Direct F1, F3, F4
transaction NET Class B Common Stock Options Exercise $0 +9.38K +9.31% $0.00 110K Aug 15, 2023 Class A Common Stock 9.38K Direct F1
transaction NET Class B Common Stock Tax liability -$324K -5.22K -4.74% $62.11 105K Aug 15, 2023 Class A Common Stock 5.22K Direct F1, F2
transaction NET Class B Common Stock Conversion of derivative security $0 -4.16K -3.97% $0.00 101K Aug 15, 2023 Class A Common Stock 4.16K 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 The shares were withheld to satisfy the reporting person's tax liability in connection with the vesting of restricted stock units, or RSUs.
F3 Each RSU represents a contingent right to receive one share of Issuer Class B Common Stock.
F4 The RSUs vest in 16 equal quarterly installments following August 15, 2019.