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Filing Details

Accession Number:: 0001209191-23-022350
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2023-04-03 18:10:27
Reporting Period:: 2023-03-30

Accepted Time:: 2023-04-03 18:10:27
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. 405 Comal Street Austin TX 78702	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	2023-03-30	5,218	$0.00	66,573	No	4	C	Direct
Class A Common Stock	Disposition	2023-03-30	5,218	$60.03	61,355	No	4	S	Direct
Class A Common Stock	Acquisiton	2023-03-31	44,782	$0.00	106,137	No	4	C	Direct
Class A Common Stock	Disposition	2023-03-31	44,782	$60.11	61,355	No	4	S	Direct
Class A Common Stock	Acquisiton	2023-04-03	15,000	$0.00	76,355	No	4	C	Direct
Class A Common Stock	Disposition	2023-04-03	5,790	$60.29	70,565	No	4	S	Direct
Class A Common Stock	Disposition	2023-04-03	9,210	$61.10	61,355	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	C	Direct
No	4	S	Direct
No	4	C	Direct
No	4	S	Direct
No	4	C	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	2023-03-30	5,218	$0.00	5,218	$2.04
Class A Common Stock	Class B Common Stock	Acquisiton	2023-03-30	5,218	$0.00	5,218	$0.00
Class A Common Stock	Class B Common Stock	Disposition	2023-03-30	5,218	$0.00	5,218	$0.00
Class B Common Stock	Employee Stock Option (right to buy)	Disposition	2023-03-31	44,782	$0.00	44,782	$2.04
Class A Common Stock	Class B Common Stock	Acquisiton	2023-03-31	44,782	$0.00	44,782	$0.00
Class A Common Stock	Class B Common Stock	Disposition	2023-03-31	44,782	$0.00	44,782	$0.00
Class B Common Stock	Employee Stock Option (right to buy)	Disposition	2023-04-03	15,000	$0.00	15,000	$2.04
Class A Common Stock	Class B Common Stock	Acquisiton	2023-04-03	15,000	$0.00	15,000	$0.00
Class A Common Stock	Class B Common Stock	Disposition	2023-04-03	15,000	$0.00	15,000	$0.00

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
1,090,123	2027-07-25	No	4	M	Direct
14,143		No	4	M	Direct
8,925		No	4	C	Direct
1,045,341	2027-07-25	No	4	M	Direct
53,707		No	4	M	Direct
8,925		No	4	C	Direct
1,030,341	2027-07-25	No	4	M	Direct
23,925		No	4	M	Direct
8,925		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	250,000	250,000	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
Class A Common Stock	Class B Common Stock	$0.00	76,100	76,100	Indirect

Amount	Remaning Holdings	Nature of Ownership
250,000	250,000	Indirect
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 29, 2022.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $60.00 to $60.05, 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 (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 $60.00 to $60.38, inclusive.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $59.72 to $60.71, inclusive.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $60.72 to $61.54, 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 following September 13, 2019.
The shares are held of record by Center Court Partners Ltd., for which the reporting person serves as a partner.
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.