Filing Details

Accession Number:
0000899243-20-019593
Form Type:
4
Zero Holdings:
No
Publication Time:
2020-07-17 21:34:05
Reporting Period:
2020-07-15
Accepted Time:
2020-07-17 21:34:05
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1477333 Cloudflare Inc. NET Services-Prepackaged Software (7372) 270805829
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1786951 Michelle Zatlyn C/O Cloudflare, Inc.
101 Townsend Street
San Francisco CA 94107
Chief Operating Officer Yes Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class A Common Stock Acquisiton 2020-07-15 48,500 $0.00 48,500 No 4 C Indirect See footnote
Class A Common Stock Disposition 2020-07-15 39,436 $35.72 9,064 No 4 S Indirect See footnote
Class A Common Stock Disposition 2020-07-15 9,064 $36.22 0 No 4 S Indirect See footnote
Class A Common Stock Acquisiton 2020-07-16 48,500 $0.00 48,500 No 4 C Indirect See footnote
Class A Common Stock Disposition 2020-07-16 46,900 $35.17 1,600 No 4 S Indirect See footnote
Class A Common Stock Disposition 2020-07-16 1,600 $35.62 0 No 4 S Indirect See footnote
Class A Common Stock Acquisiton 2020-07-17 48,500 $0.00 48,500 No 4 C Indirect See footnote
Class A Common Stock Disposition 2020-07-17 19,027 $35.94 29,473 No 4 S Indirect See footnote
Class A Common Stock Disposition 2020-07-17 29,273 $36.86 200 No 4 S Indirect See footnote
Class A Common Stock Disposition 2020-07-17 200 $37.42 0 No 4 S Indirect See footnote
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 C Indirect See footnote
No 4 S Indirect See footnote
No 4 S Indirect See footnote
No 4 C Indirect See footnote
No 4 S Indirect See footnote
No 4 S Indirect See footnote
No 4 C Indirect See footnote
No 4 S Indirect See footnote
No 4 S Indirect See footnote
No 4 S Indirect See footnote
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Class A Common Stock Class B Common Stock Disposition 2020-07-15 48,500 $0.00 48,500 $0.00
Class A Common Stock Class B Common Stock Disposition 2020-07-16 48,500 $0.00 48,500 $0.00
Class A Common Stock Class B Common Stock Disposition 2020-07-17 48,500 $0.00 48,500 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
8,096,845 No 4 C Indirect
8,048,345 No 4 C Indirect
7,999,845 No 4 C Indirect
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Class A Common Stock Class B Common Stock $0.00 1,166,887 1,166,887 Indirect
Class A Common Stock Class B Common Stock $0.00 680,742 680,742 Indirect
Expiration Date Amount Remaning Holdings Nature of Ownership
1,166,887 1,166,887 Indirect
680,742 680,742 Indirect
Footnotes
  1. 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.
  2. The shares are held of record by The Sutherland/Zatlyn Revocable Trust dated November 17, 2016 for which the reporting person serves as co-trustee (the "Revocable Trust").
  3. The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 28, 2019.
  4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.15 to $36.14, inclusive. The reporting person undertakes to provide to 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 (4) through (10) to this Form 4.
  5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $36.16 to $36.45, inclusive.
  6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $34.58 to $35.57, inclusive.
  7. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.58 to $35.69, inclusive.
  8. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.39 to $36.35, inclusive.
  9. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $36.40 to $37.38, inclusive.
  10. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $37.42 to $37.425, inclusive.
  11. Includes 119,258 shares previously reported as held directly by The Sutherland/Zatlyn 2019 Annuity Trust dated February 28, 2019, for which the reporting person serves as co-trustee ( the "2019 Annuity Trust"), which were re-registered on May 11, 2020 and are now held directly by the Revocable Trust.
  12. The shares are held of record by The Sutherland/Zatlyn Irrevocable Remainder Trust dated December 15, 2017 for which the reporting person serves as co-trustee.
  13. Excludes 119,258 shares previously reported as held directly by the 2019 Annuity Trust which were re-registered on May 11, 2020 and are now held directly by the Revocable Trust.
  14. The shares are held of record by the 2019 Annuity Trust.