Form 4 for NET Cloudflare, Inc.
Accepted 2024-11-19 00:00:00 ET · period of report 2024-11-15 · accession 0001104659-24-120627 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2024-11-19 | 2024-11-15 | NET | Zatlyn Michelle | Pres, COO, Dir | F - Tax | $89.77 | -9,740 | 173.0K | -5% | -$874.4K |
| DI | 2024-11-19 | 2024-11-15 | NET | Zatlyn Michelle | Pres, COO, Dir | G - Gift | $0.00 | -22.4K | 9,478 | -70% | $0 |
| DI | 2024-11-19 | 2024-11-15 | NET | Zatlyn Michelle | Pres, COO, Dir | C - Cnv Deriv | — | +22.4K | 31.8K | +236% | — |
| DI | 2024-11-19 | 2024-11-15 | NET | Zatlyn Michelle | Pres, COO, Dir | C - Cnv Deriv | $0.00 | -22.4K | 888.7K | -2% | $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 | 2024-11-15 | F | D | 9,740 | $89.77 | 172,959 | D See footnote | — | — | (F2) The 9,478 shares issuable upon vesting and settlement of the RSUs were re-registered and are now held directly by The Sutherland/Zatlyn Revocable Trust dated November 17, 2016, for which the reporting person serves as co-trustee (the "Revocable Trust"). (F4) The shares are held of record by the Revocable Trust. |
| 2 | Common | Class A Common Stock | 2024-11-15 | G | D | 22,359 | $0.00 | 9,478 | I | — | — | |
| 3 | Common | Class A Common Stock | 2024-11-15 | C | A | 22,359 | — | 31,837 | I See footnote | — | — | (F3) 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. (F4) The shares are held of record by the Revocable Trust. |
| 4 | Derivative | Class B Common Stock | 2024-11-15 | C | D | 22,359 | $0.00 | 888,728 | I See footnote | — · — to — | 22,359 Class A Common Stock | (F8) Excludes 1,000,000 shares previously reported as held directly by the Revocable Trust which were re-registered on November 15, 2024 and are now held directly by The Sutherland/Zatlyn 2024 Annuity Trust III dated November 12, 2024, for which the reporting person serves as co-trustee (the "2024 Annuity Trust III"). (F6) Includes 87,032 shares previously reported as held directly by The Sutherland/Zatlyn 2023 Annuity Trust II dated August 29, 2023, for which the reporting person serves as co-trustee (the "2023 Annuity Trust II") which were re-registered on November 15, 2024 and are now held directly by the Revocable Trust. (F7) Excludes 57,230 shares previously reported as held directly by the Revocable Trust which were re-registered on November 15, 2024 and are now held directly by The SZ 2020 Irrevocable Trust dated November 25, 2020, for which the reporting person serves as an investment advisor (the "SZ 2020 Irrevocable Trust"). (F4) The shares are held of record by the Revocable Trust. (F3) 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. |