Form 4 for NET Cloudflare, Inc.
Accepted 2021-12-21 00:00:00 ET · period of report 2021-12-20 · accession 0000899243-21-049196 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DMI | 2021-12-21 | 2021-12-20 | NET | Zatlyn Michelle | Pres, COO, Dir | S - Sale | $131.41 | -33.3K | 18.9K | -64% | -$4.38M |
| DMI | 2021-12-21 | 2021-12-20 | NET | Zatlyn Michelle | Pres, COO, Dir | C - Cnv Deriv | — | +33.3K | 27.8K | New | — |
| DMI | 2021-12-21 | 2021-12-20 | NET | Zatlyn Michelle | Pres, COO, Dir | C - Cnv Deriv | $0.00 | -33.3K | 3.94M | -0.8% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2021-12-20 | S | D | 686 | $131.09 | 3,094 | I See footnote | — | — | (F7) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $130.59 to $131.58, inclusive. (F11) The shares are held of record by The Sutherland/Zatlyn Irrevocable Remainder Trust dated December 15, 2017, for which the reporting person serves as co-trustee. |
| 2 | Common | Class A Common Stock | 2021-12-20 | S | D | 3,402 | $131.09 | 15,457 | I See footnote | — | — | (F7) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $130.59 to $131.58, inclusive. (F2) The shares are held of record by The Sutherland/Zatlyn Revocable Trust dated November 17, 2016, for which the reporting person serves as co-trustee. |
| 3 | Common | Class A Common Stock | 2021-12-20 | S | D | 4,312 | $133.04 | 696 | I See footnote | — | — | (F9) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $132.59 to $133.58, inclusive. (F2) The shares are held of record by The Sutherland/Zatlyn Revocable Trust dated November 17, 2016, for which the reporting person serves as co-trustee. |
| 4 | Common | Class A Common Stock | 2021-12-20 | S | D | 696 | $134.03 | 0 | I See footnote | — | — | (F10) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $133.595 to $134.26, inclusive. (F2) The shares are held of record by The Sutherland/Zatlyn Revocable Trust dated November 17, 2016, for which the reporting person serves as co-trustee. |
| 5 | Common | Class A Common Stock | 2021-12-20 | C | A | 5,555 | — | 5,555 | I See footnote | — | — | (F1) 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. (F11) The shares are held of record by The Sutherland/Zatlyn Irrevocable Remainder Trust dated December 15, 2017, for which the reporting person serves as co-trustee. |
| 6 | Common | Class A Common Stock | 2021-12-20 | S | D | 16 | $126.10 | 5,539 | I See footnote | — | — | (F11) The shares are held of record by The Sutherland/Zatlyn Irrevocable Remainder Trust dated December 15, 2017, for which the reporting person serves as co-trustee. |
| 7 | Common | Class A Common Stock | 2021-12-20 | S | D | 178 | $128.15 | 5,361 | I See footnote | — | — | (F4) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $127.57 to $128.56, 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 (10) to this Form 4. (F11) The shares are held of record by The Sutherland/Zatlyn Irrevocable Remainder Trust dated December 15, 2017, for which the reporting person serves as co-trustee. |
| 8 | Common | Class A Common Stock | 2021-12-20 | S | D | 407 | $129.23 | 4,954 | I See footnote | — | — | (F5) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $128.59 to $129.575, inclusive. (F11) The shares are held of record by The Sutherland/Zatlyn Irrevocable Remainder Trust dated December 15, 2017, for which the reporting person serves as co-trustee. |
| 9 | Common | Class A Common Stock | 2021-12-20 | S | D | 1,174 | $130.08 | 3,780 | I See footnote | — | — | (F6) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $129.59 to $130.57, inclusive. (F11) The shares are held of record by The Sutherland/Zatlyn Irrevocable Remainder Trust dated December 15, 2017, for which the reporting person serves as co-trustee. |
| 10 | Common | Class A Common Stock | 2021-12-20 | S | D | 10,449 | $132.17 | 5,008 | I See footnote | — | — | (F8) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $131.59 to $132.58, inclusive. (F2) The shares are held of record by The Sutherland/Zatlyn Revocable Trust dated November 17, 2016, for which the reporting person serves as co-trustee. |
| 11 | Common | Class A Common Stock | 2021-12-20 | S | D | 2,091 | $132.17 | 1,003 | I See footnote | — | — | (F8) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $131.59 to $132.58, inclusive. (F11) The shares are held of record by The Sutherland/Zatlyn Irrevocable Remainder Trust dated December 15, 2017, for which the reporting person serves as co-trustee. |
| 12 | Common | Class A Common Stock | 2021-12-20 | S | D | 865 | $133.04 | 138 | I See footnote | — | — | (F9) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $132.59 to $133.58, inclusive. (F11) The shares are held of record by The Sutherland/Zatlyn Irrevocable Remainder Trust dated December 15, 2017, for which the reporting person serves as co-trustee. |
| 13 | Common | Class A Common Stock | 2021-12-20 | S | D | 138 | $134.03 | 0 | I See footnote | — | — | (F10) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $133.595 to $134.26, inclusive. (F11) The shares are held of record by The Sutherland/Zatlyn Irrevocable Remainder Trust dated December 15, 2017, for which the reporting person serves as co-trustee. |
| 14 | Common | Class A Common Stock | 2021-12-20 | C | A | 27,775 | — | 27,775 | I See footnote | — | — | (F1) 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. (F2) The shares are held of record by The Sutherland/Zatlyn Revocable Trust dated November 17, 2016, for which the reporting person serves as co-trustee. |
| 15 | Common | Class A Common Stock | 2021-12-20 | S | D | 84 | $126.10 | 27,691 | I See footnote | — | — | (F2) The shares are held of record by The Sutherland/Zatlyn Revocable Trust dated November 17, 2016, for which the reporting person serves as co-trustee. |
| 16 | Common | Class A Common Stock | 2021-12-20 | S | D | 890 | $128.15 | 26,801 | I See footnote | — | — | (F4) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $127.57 to $128.56, 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 (10) to this Form 4. (F2) The shares are held of record by The Sutherland/Zatlyn Revocable Trust dated November 17, 2016, for which the reporting person serves as co-trustee. |
| 17 | Common | Class A Common Stock | 2021-12-20 | S | D | 1,995 | $129.24 | 24,806 | I See footnote | — | — | (F5) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $128.59 to $129.575, inclusive. (F2) The shares are held of record by The Sutherland/Zatlyn Revocable Trust dated November 17, 2016, for which the reporting person serves as co-trustee. |
| 18 | Common | Class A Common Stock | 2021-12-20 | S | D | 5,947 | $130.08 | 18,859 | I See footnote | — | — | (F6) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $129.59 to $130.57, inclusive. (F2) The shares are held of record by The Sutherland/Zatlyn Revocable Trust dated November 17, 2016, for which the reporting person serves as co-trustee. |
| 19 | Derivative | Class B Common Stock | 2021-12-20 | C | D | 5,555 | $0.00 | 1,642,946 | I See footnote | — · — to — | 5,555 Class A Common Stock | (F11) The shares are held of record by The Sutherland/Zatlyn Irrevocable Remainder Trust dated December 15, 2017, for which the reporting person serves as co-trustee. (F1) 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. |
| 20 | Derivative | Class B Common Stock | 2021-12-20 | C | D | 27,775 | $0.00 | 3,938,413 | I See footnote | — · — to — | 27,775 Class A Common Stock | (F2) The shares are held of record by The Sutherland/Zatlyn Revocable Trust dated November 17, 2016, for which the reporting person serves as co-trustee. (F1) 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. |