Form 4 for NET Cloudflare, Inc.
Accepted 2021-08-19 00:00:00 ET · period of report 2021-08-18 · accession 0001209191-21-052658 · 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 | 2021-08-19 | 2021-08-18 | NET | Underwood Paul D. | CAO | C - Cnv Deriv | — | +34.5K | 49.3K | +233% | — |
| DM | 2021-08-19 | 2021-08-18 | NET | Underwood Paul D. | CAO | S - Sale | $117.98 | -36.0K | 40.3K | -47% | -$4.25M |
| DM | 2021-08-19 | 2021-08-18 | NET | Underwood Paul D. | CAO | M - OptEx | $0.00 | 0 | 34.5K | New | $0 |
| D | 2021-08-19 | 2021-08-18 | NET | Underwood Paul D. | CAO | C - Cnv Deriv | $0.00 | -34.5K | 0 | -100% | $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 | 2021-08-18 | C | A | 34,500 | — | 49,285 | D | — | — | (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) Includes an aggregate of 2,246 shares of Class A Common Stock acquired under the Issuer's employee stock purchase plan on November 13, 2020, May 15, 2020 and May 14, 2021. |
| 2 | Common | Class A Common Stock | 2021-08-18 | S | D | 8,220 | $118.95 | 13,285 | D | — | — | (F6) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $118.65 to $119.14, inclusive. |
| 3 | Common | Class A Common Stock | 2021-08-18 | S | D | 18,810 | $117.97 | 21,505 | D | — | — | (F5) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $117.53 to $118.50, inclusive. |
| 4 | Common | Class A Common Stock | 2021-08-18 | S | D | 8,970 | $117.11 | 40,315 | D | — | — | (F4) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $116.53 to $117.52, 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 (6) to this Form 4. |
| 5 | Derivative | Employee Stock Option (right to buy) | 2021-08-18 | M | D | 34,500 | $0.00 | 85,500 | D | $9.97 · — to 2029-05-22 | 34,500 Class B Common Stock | (F7) The option is subject to an early exercise provision and is immediately exercisable. Shares subject to the option vest in 48 equal monthly installments beginning on March 31, 2020. |
| 6 | Derivative | Class B Common Stock | 2021-08-18 | C | D | 34,500 | $0.00 | 0 | D | — · — to — | 34,500 Class A Common Stock | (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. |
| 7 | Derivative | Class B Common Stock | 2021-08-18 | M | A | 34,500 | $0.00 | 34,500 | D | — · — to — | 34,500 Class A Common Stock | (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. |