Thomas J. Seifert - 25 Jul 2025 Form 4 Insider Report for Cloudflare, Inc. (NET)

Role
Chief Financial Officer
Signature
/s/ Lindsey Cochran, by power of attorney
Issuer symbol
NET
Transactions as of
25 Jul 2025
Net transactions value
-$12,163,987
Form type
4
Filing time
29 Jul 2025, 17:49:28 UTC
Previous filing
22 Jul 2025
Next filing
19 Aug 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
SEIFERT THOMAS J Chief Financial Officer C/O CLOUDFLARE, INC., 405 COMAL STREET, AUSTIN /s/ Lindsey Cochran, by power of attorney 29 Jul 2025 0001473289

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 +400 400 25 Jul 2025 See footnote F1, F2
transaction NET Class A Common Stock Sale $80,000 -400 -100% $200.00 0 25 Jul 2025 See footnote F2, F3
transaction NET Class A Common Stock Conversion of derivative security +400 400 25 Jul 2025 See footnote F1, F4
transaction NET Class A Common Stock Sale $80,000 -400 -100% $200.00 0 25 Jul 2025 See footnote F3, F4
transaction NET Class A Common Stock Conversion of derivative security +400 400 25 Jul 2025 See footnote F1, F5
transaction NET Class A Common Stock Sale $80,000 -400 -100% $200.00 0 25 Jul 2025 See footnote F3, F5
transaction NET Class A Common Stock Conversion of derivative security +400 400 25 Jul 2025 See footnote F1, F6
transaction NET Class A Common Stock Sale $80,000 -400 -100% $200.00 0 25 Jul 2025 See footnote F3, F6
transaction NET Class A Common Stock Conversion of derivative security +40,911 40,911 28 Jul 2025 See footnote F1, F2
transaction NET Class A Common Stock Sale $7,257,972 -36,239 -89% $200.28 4,672 28 Jul 2025 See footnote F2, F3, F7
transaction NET Class A Common Stock Sale $939,991 -4,672 -100% $201.20 0 28 Jul 2025 See footnote F2, F3, F8
transaction NET Class A Common Stock Conversion of derivative security +6,257 6,257 28 Jul 2025 See footnote F1, F4
transaction NET Class A Common Stock Sale $1,251,993 -6,257 -100% $200.09 0 28 Jul 2025 See footnote F3, F4, F9
transaction NET Class A Common Stock Conversion of derivative security +5,600 5,600 28 Jul 2025 See footnote F1, F5
transaction NET Class A Common Stock Sale $1,120,666 -5,600 -100% $200.12 0 28 Jul 2025 See footnote F3, F5, F10
transaction NET Class A Common Stock Conversion of derivative security +6,362 6,362 28 Jul 2025 See footnote F1, F6
transaction NET Class A Common Stock Sale $1,273,365 -6,362 -100% $200.15 0 28 Jul 2025 See footnote F3, F6, F11
holding NET Class A Common Stock 241,550 25 Jul 2025 Direct

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 -400 -0.21% $0.000000 190,911 25 Jul 2025 Class A Common Stock 400 See footnote F1, F2
transaction NET Class B Common Stock Conversion of derivative security $0 -400 -0.76% $0.000000 52,357 25 Jul 2025 Class A Common Stock 400 See footnote F1, F4
transaction NET Class B Common Stock Conversion of derivative security $0 -400 -0.77% $0.000000 51,700 25 Jul 2025 Class A Common Stock 400 See footnote F1, F5
transaction NET Class B Common Stock Conversion of derivative security $0 -400 -0.76% $0.000000 52,462 25 Jul 2025 Class A Common Stock 400 See footnote F1, F6
transaction NET Class B Common Stock Conversion of derivative security $0 -40,911 -21% $0.000000 150,000 28 Jul 2025 Class A Common Stock 40,911 See footnote F1, F2
transaction NET Class B Common Stock Conversion of derivative security $0 -6,257 -12% $0.000000 46,100 28 Jul 2025 Class A Common Stock 6,257 See footnote F1, F4
transaction NET Class B Common Stock Conversion of derivative security $0 -5,600 -11% $0.000000 46,100 28 Jul 2025 Class A Common Stock 5,600 See footnote F1, F5
transaction NET Class B Common Stock Conversion of derivative security $0 -6,362 -12% $0.000000 46,100 28 Jul 2025 Class A Common Stock 6,362 See footnote F1, F6
holding NET Class B Common Stock 8,925 25 Jul 2025 Class A Common Stock 8,925 Direct F1
* 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 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 are held of record by Center Court Partners Ltd., for which the reporting person serves as a partner.
F3 The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 26, 2024.
F4 The shares are held of record by Center Court 2020 Trust 1 UA 12/11/20, for which the reporting person serves as trustee.
F5 The shares are held of record by Center Court 2020 Trust 2 UA 12/11/20, for which the reporting person serves as trustee.
F6 The shares are held of record by Center Court 2020 Trust 3 UA 12/11/20, for which the reporting person serves as trustee.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $200.00 to $200.93, inclusive. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (7) through (11) to this Form 4.
F8 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $201.00 to $201.32, inclusive.
F9 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $200.00 to $200.27, inclusive.
F10 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $200.00 to $200.59, inclusive.
F11 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $200.00 to $200.93, inclusive.