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Filing Details

Accession Number:: 0001209191-21-052658
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-08-19 20:32:39
Reporting Period:: 2021-08-18

Accepted Time:: 2021-08-19 20:32:39
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
1598312	D. Paul Underwood	C/O Cloudflare, Inc. 101 Townsend Street San Francisco CA 94107	Chief Accounting 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	2021-08-18	34,500	$0.00	49,285	No	4	C	Direct
Class A Common Stock	Disposition	2021-08-18	8,970	$117.11	40,315	No	4	S	Direct
Class A Common Stock	Disposition	2021-08-18	18,810	$117.97	21,505	No	4	S	Direct
Class A Common Stock	Disposition	2021-08-18	8,220	$118.95	13,285	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

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	2021-08-18	34,500	$0.00	34,500	$9.97
Class A Common Stock	Class B Common Stock	Acquisiton	2021-08-18	34,500	$0.00	34,500	$0.00
Class A Common Stock	Class B Common Stock	Disposition	2021-08-18	34,500	$0.00	34,500	$0.00

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
85,500	2029-05-22	No	4	M	Direct
34,500		No	4	M	Direct
0		No	4	C	Direct

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Class B Common Stock	Employee Stock Option (right to buy)	$9.97		2029-05-22	120,000	120,000	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2029-05-22	120,000	120,000	Direct

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.
Includes an aggregate of 2,246 shares of Class A Common Stock acquired under the Issuer's employee stock purchase plan on November 13, 2020, May 15, 2020 and May 14, 2021.
The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 12, 2021.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $116.53 to $117.52, 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 (6) 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 $117.53 to $118.50, inclusive.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $118.65 to $119.14, inclusive.
The option is subject to an early exercise provision and is immediately exercisable. Shares subject to the option vest in 48 equal monthly installments beginning on March 31, 2020.
The option is subject to an early exercise provision and is immediately exercisable. 1/4th of the shares vested on March 11, 2020 and 1/16th of the shares vest in 12 equal quarterly installments thereafter.