Filing Details

Accession Number:
0000899243-23-018223
Form Type:
4
Zero Holdings:
No
Publication Time:
2023-08-17 19:33:36
Reporting Period:
2023-08-15
Accepted Time:
2023-08-17 19:33:36
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 Disposition 2023-08-15 8,495 $62.11 269,047 No 4 F Direct
Class A Common Stock Acquisiton 2023-08-15 52,384 $0.00 63,107 No 4 C Indirect See footnote
Class A Common Stock Disposition 2023-08-15 17,026 $62.50 46,081 No 4 S Indirect See footnote
Class A Common Stock Disposition 2023-08-15 29,257 $63.54 16,824 No 4 S Indirect See footnote
Class A Common Stock Disposition 2023-08-15 5,401 $64.70 11,423 No 4 S Indirect See footnote
Class A Common Stock Disposition 2023-08-15 700 $65.27 10,723 No 4 S Indirect See footnote
Class A Common Stock Acquisiton 2023-08-16 52,384 $0.00 63,107 No 4 C Indirect See footnote
Class A Common Stock Disposition 2023-08-16 27,076 $61.40 36,031 No 4 S Indirect See footnote
Class A Common Stock Disposition 2023-08-16 24,958 $62.32 11,073 No 4 S Indirect See footnote
Class A Common Stock Disposition 2023-08-16 350 $62.88 10,723 No 4 S Indirect See footnote
Class A Common Stock Acquisiton 2023-08-17 52,384 $0.00 63,107 No 4 C Indirect See footnote
Class A Common Stock Disposition 2023-08-17 20,236 $58.37 42,871 No 4 S Indirect See footnote
Class A Common Stock Disposition 2023-08-17 29,748 $59.24 13,123 No 4 S Indirect See footnote
Class A Common Stock Disposition 2023-08-17 2,400 $59.95 10,723 No 4 S Indirect See footnote
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 F Direct
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 C 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
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 2023-08-15 52,384 $0.00 52,384 $0.00
Class A Common Stock Class B Common Stock Disposition 2023-08-16 52,384 $0.00 52,384 $0.00
Class A Common Stock Class B Common Stock Disposition 2023-08-17 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
12,808,188 No 4 C Indirect
12,755,804 No 4 C Indirect
12,703,420 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 $0.00 377,772 377,772 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
Class A Common Stock Class B Common Stock $0.00 4,000,000 4,000,000 Indirect
Expiration Date Amount Remaning Holdings Nature of Ownership
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
4,000,000 4,000,000 Indirect
Footnotes
  1. The shares were withheld to satisfy the reporting person's tax liability in connection with the vesting of restricted stock units, or RSUs.
  2. The 10,723 shares issuable upon vesting and settlement of the RSUs were re-registered and are now held directly by The Matthew Prince Revocable Trust dated October 29, 2015, for which the reporting person serves as trustee (the "Revocable Trust").
  3. 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.
  4. The shares are held directly by the Revocable Trust.
  5. 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.
  6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $62.14 to $63.13, 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 (6) through (15) to this Form 4.
  7. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $63.14 to $64.13, inclusive.
  8. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $64.14 to $65.13, inclusive.
  9. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $65.18 to $65.33, inclusive.
  10. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $60.82 to $61.81, inclusive.
  11. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $61.82 to $62.81, inclusive.
  12. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $62.82 to $62.93, inclusive
  13. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $57.85 to $58.845, inclusive.
  14. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $58.85 to $59.845, inclusive.
  15. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $59.85 to $60.19, inclusive.
  16. Of the reported shares, 83,334 vest on September 13, 2023.
  17. 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.
  18. 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.
  19. 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.
  20. 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.
  21. The shares are held of record by The Matthew Prince 2023 Grantor Retained Annuity Trust UA 05/22/2023, for which the reporting person serves co-trustee and investment advisor.