Home > Insider Trading > Filing (0001209191-21-026639)

Filing Details

Accession Number:: 0001209191-21-026639
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-04-14 16:08:00
Reporting Period:: 2021-04-13

Accepted Time:: 2021-04-14 16:08:00
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1477333	Cloudflare Inc.	NET	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1473289	J Thomas Seifert	C/O Cloudflare, Inc. 101 Townsend Street San Francisco CA 94107	Chief Financial Officer	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Class A Common Stock	Acquisiton	2021-04-13	20,000	$0.00	70,156	No	4	C	Direct
Class A Common Stock	Disposition	2021-04-13	1,900	$70.46	68,256	No	4	S	Direct
Class A Common Stock	Disposition	2021-04-13	3,937	$71.70	64,319	No	4	S	Direct
Class A Common Stock	Disposition	2021-04-13	3,846	$72.40	60,473	No	4	S	Direct
Class A Common Stock	Disposition	2021-04-13	710	$74.50	59,763	No	4	S	Direct
Class A Common Stock	Disposition	2021-04-13	500	$75.51	59,263	No	4	S	Direct
Class A Common Stock	Disposition	2021-04-13	800	$76.99	58,463	No	4	S	Direct
Class A Common Stock	Disposition	2021-04-13	4,669	$77.74	53,794	No	4	S	Direct
Class A Common Stock	Disposition	2021-04-13	3,538	$78.62	50,256	No	4	S	Direct
Class A Common Stock	Disposition	2021-04-13	100	$79.38	50,156	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	C	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class B Common Stock	Employee Stock Option (right to buy)	Disposition	2021-04-13	20,000	$0.00	20,000	$1.95
Class A Common Stock	Class B Common Stock	Acquisiton	2021-04-13	20,000	$0.00	20,000	$0.00
Class A Common Stock	Class B Common Stock	Disposition	2021-04-13	20,000	$0.00	20,000	$0.00

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
734,058	2027-06-29	No	4	M	Direct
303,925		No	4	M	Direct
283,925		No	4	C	Direct

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Amount	Remaning Holdings	Nature of Ownership
Class A Common Stock	Class B Common Stock	$0.00	76,100	76,100	Indirect
Class A Common Stock	Class B Common Stock	$0.00	76,100	76,100	Indirect
Class A Common Stock	Class B Common Stock	$0.00	76,100	76,100	Indirect

Amount	Remaning Holdings	Nature of Ownership
76,100	76,100	Indirect
76,100	76,100	Indirect
76,100	76,100	Indirect

Footnotes

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.
The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 9, 2020.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $70.04 to $70.98, 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 (3) through (10) to this Form 4.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $71.12 to $72.10, inclusive.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $72.15 to $72.85, inclusive.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $73.92 to $74.86, inclusive.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $75.12 to $75.95, inclusive.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $76.28 to $77.27, inclusive.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $77.31 to $78.30, inclusive.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $78.33 to $79.24, inclusive.
The option is subject to an early exercise provision and is immediately exercisable. One-fourth of the total shares vested on June 1, 2018 and the remaining shares vest in 36 equal monthly installments thereafter.
The shares are held of record by Center Court 2020 Trust 1 UA 12/11/20, for which the reporting person serves as trustee.
The shares are held of record by Center Court 2020 Trust 2 UA 12/11/20, for which the reporting person serves as trustee.
The shares are held of record by Center Court 2020 Trust 3 UA 12/11/20, for which the reporting person serves as trustee.