Michelle Zatlyn - 15 May 2024 Form 4 Insider Report for Cloudflare, Inc. (NET)

Role
PRESIDENT AND COO, Director
Signature
/s/ Lindsey Cochran, by power of attorney
Issuer symbol
NET
Transactions as of
15 May 2024
Net transactions value
-$723,195
Form type
4
Filing time
17 May 2024, 16:45:04 UTC
Previous filing
18 Apr 2024
Next filing
22 May 2024
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 $723,195 -9,740 -4.4% $74.25 211,394 15 May 2024 Direct F1, F2
holding NET Class A Common Stock 48,023 15 May 2024 See footnote F3
holding NET Class A Common Stock 19,615 15 May 2024 See footnote F4
* 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 9,478 shares issuable upon vesting and settlement of the RSUs were re-registered and are now held directly by The Sutherland/Zatlyn Revocable Trust dated November 17, 2016, for which the reporting person serves as co-trustee (the "Revocable Trust").
F3 The shares are held of record by the Revocable Trust.
F4 The shares are held of record by The SZ 2021 Irrevocable Trust dated November 6, 2021, for which the reporting person serves as the appointer.