Filing Details

Accession Number:
0000899243-23-005185
Form Type:
4
Zero Holdings:
No
Publication Time:
2023-02-15 21:07:55
Reporting Period:
2023-02-13
Accepted Time:
2023-02-15 21:07:55
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
1786925 Matthew Prince C/O Cloudflare, Inc.
405 Comal Street
Austin TX 78702
Ceo & Chair Of The Board Yes Yes Yes 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 2023-02-13 52,384 $0.00 52,384 No 4 C Indirect See footnote
Class A Common Stock Disposition 2023-02-13 3,376 $59.02 49,008 No 4 S Indirect See footnote
Class A Common Stock Disposition 2023-02-13 6,300 $59.88 42,708 No 4 S Indirect See footnote
Class A Common Stock Disposition 2023-02-13 3,202 $60.93 39,506 No 4 S Indirect See footnote
Class A Common Stock Disposition 2023-02-13 3,800 $61.92 35,706 No 4 S Indirect See footnote
Class A Common Stock Disposition 2023-02-13 17,159 $63.05 18,547 No 4 S Indirect See footnote
Class A Common Stock Disposition 2023-02-13 18,547 $63.65 0 No 4 S Indirect See footnote
Class A Common Stock Acquisiton 2023-02-14 52,384 $0.00 52,384 No 4 C Indirect See footnote
Class A Common Stock Disposition 2023-02-14 700 $63.25 51,684 No 4 S Indirect See footnote
Class A Common Stock Disposition 2023-02-14 2,098 $64.37 49,586 No 4 S Indirect See footnote
Class A Common Stock Disposition 2023-02-14 8,982 $65.32 40,604 No 4 S Indirect See footnote
Class A Common Stock Disposition 2023-02-14 17,028 $66.31 23,576 No 4 S Indirect See footnote
Class A Common Stock Disposition 2023-02-14 14,076 $67.20 9,500 No 4 S Indirect See footnote
Class A Common Stock Disposition 2023-02-14 7,900 $68.19 1,600 No 4 S Indirect See footnote
Class A Common Stock Disposition 2023-02-14 1,600 $68.86 0 No 4 S Indirect See footnote
Class A Common Stock Acquisiton 2023-02-15 52,384 $0.00 52,384 No 4 C Indirect See footnote
Class A Common Stock Disposition 2023-02-15 3,900 $68.17 48,484 No 4 S Indirect See footnote
Class A Common Stock Disposition 2023-02-15 6,300 $68.99 42,184 No 4 S Indirect See footnote
Class A Common Stock Disposition 2023-02-15 14,273 $70.05 27,911 No 4 S Indirect See footnote
Class A Common Stock Disposition 2023-02-15 15,065 $71.19 12,846 No 4 S Indirect See footnote
Class A Common Stock Disposition 2023-02-15 12,846 $71.85 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 S Indirect See footnote
No 4 S 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
No 4 S Indirect See footnote
No 4 S 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
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 2023-02-13 52,384 $0.00 52,384 $0.00
Class A Common Stock Class B Common Stock Disposition 2023-02-14 52,384 $0.00 52,384 $0.00
Class A Common Stock Class B Common Stock Disposition 2023-02-15 52,384 $0.00 52,384 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
15,999,029 No 4 C Indirect
15,946,645 No 4 C Indirect
15,894,261 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 1,741,355 1,741,355 Indirect
Class A Common Stock Class B Common Stock $0.00 377,772 377,772 Indirect
Class A Common Stock Class B Common Stock $0.00 6,928,408 6,928,408 Indirect
Class A Common Stock Class B Common Stock $0.00 1,060,000 1,060,000 Indirect
Class A Common Stock Class B Common Stock $0.00 6,012,938 6,012,938 Indirect
Expiration Date Amount Remaning Holdings Nature of Ownership
1,741,355 1,741,355 Indirect
377,772 377,772 Indirect
6,928,408 6,928,408 Indirect
1,060,000 1,060,000 Indirect
6,012,938 6,012,938 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 Matthew Prince Revocable Trust dated October 29, 2015, for which the reporting person serves as trustee.
  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 30, 2021, as modified on November 29, 2022.
  4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $58.385 to $59.38, 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 21 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 $59.39 to $60.35, inclusive.
  6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $60.43 to $61.39, inclusive.
  7. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $61.43 to $62.415, inclusive.
  8. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $62.43 to $63.425, inclusive.
  9. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $63.43 to $64.01, inclusive.
  10. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $62.78 to $63.735, inclusive.
  11. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $63.78 to $64.75, inclusive.
  12. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $64.78 to $65.775, inclusive.
  13. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $65.78 to $66.77, inclusive.
  14. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $66.78 to $67.77, inclusive.
  15. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $67.78 to $68.74, inclusive.
  16. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $68.78 to $68.915, inclusive.
  17. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $67.525 to $68.51, inclusive.
  18. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $68.56 to $69.55, inclusive.
  19. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $69.565 to $70.54, inclusive.
  20. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $70.565 to $71.56, inclusive.
  21. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $71.57 to $72.265, inclusive.
  22. Of the reported shares, 666,667 vest in eight months beginning on February 13, 2023.
  23. The shares are held of record by The Matthew Prince 2021 Grantor Retained Annuity Trust #1 UA 5/25/2021, for which the reporting person serves as co-trustee and investment advisor.
  24. The shares are held of record by The Matthew Prince 2021 Grantor Retained Annuity Trust #2 UA 8/13/2021, for which the reporting person serves as co-trustee and investment advisor.
  25. The shares are held of record by The Prince Family Nonexempt Irrevocable Trust dated March 29, 2016, for which the reporting person serves as an investment advisor.
  26. The shares are held of record by The Prince Family Exempt Irrevocable Trust dated March 29, 2016, for which the reporting person serves as an investment advisor.
  27. The shares are held of record by The Matthew Prince 2022 Grantor Retained Annuity Trust UA 8/12/2022, for which the reporting person serves as co-trustee and investment advisor.