Douglas James Kramer - Nov 15, 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
Nov 15, 2023
Transactions value $
-$377,346
Form type
4
Date filed
11/17/2023, 05:16 PM
Previous filing
Nov 2, 2023
Next filing
Nov 30, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NET Class A Common Stock Tax liability -$377K -5.33K -3.33% $70.81 155K Nov 15, 2023 Direct F1, F2
transaction NET Class A Common Stock Conversion of derivative security +10K +6.47% 165K Nov 16, 2023 Direct F3

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 -10K -9.93% $0.00 90.7K Nov 16, 2023 Class A Common Stock 10K Direct F3
* 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 Includes 488 shares of Class A Common Stock acquired under the Issuer's employee stock purchase plan on November 14, 2023.
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.