Form 4 for NET Cloudflare, Inc.
Accepted 2022-11-22 00:00:00 ET · period of report 2022-11-21 · accession 0001209191-22-058344 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2022-11-22 | 2022-11-21 | NET | SEIFERT THOMAS J | CFO | S - Sale | $45.62 | -20.0K | 86.4K | -19% | -$912.3K |
| D | 2022-11-22 | 2022-11-21 | NET | SEIFERT THOMAS J | CFO | C - Cnv Deriv | — | +20.0K | 106.4K | +23% | — |
| D | 2022-11-22 | 2022-11-21 | NET | SEIFERT THOMAS J | CFO | C - Cnv Deriv | $0.00 | -20.0K | 8,925 | -69% | $0 |
| DM | 2022-11-22 | 2022-11-21 | NET | SEIFERT THOMAS J | CFO | M - OptEx | $0.00 | 0 | 104.1K | New | $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 | 2022-11-21 | S | D | 5,561 | $46.28 | 86,733 | D | — | — | (F4) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $45.69 to $46.65, inclusive. |
| 2 | Common | Class A Common Stock | 2022-11-21 | S | D | 14,139 | $45.33 | 92,294 | D | — | — | (F3) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $44.66 to $45.65, 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 (5) to this Form 4. |
| 3 | Common | Class A Common Stock | 2022-11-21 | C | A | 20,000 | — | 106,433 | 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. |
| 4 | Common | Class A Common Stock | 2022-11-21 | S | D | 300 | $46.79 | 86,433 | D | — | — | (F5) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $46.70 to $46.90, inclusive. |
| 5 | Derivative | Class B Common Stock | 2022-11-21 | C | D | 20,000 | $0.00 | 8,925 | D | — · — to — | 20,000 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. |
| 6 | Derivative | Class B Common Stock | 2022-11-21 | M | A | 20,000 | $0.00 | 28,925 | D | — · — to — | 20,000 Class A Class 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 | Employee Stock Option (right to buy) | 2022-11-21 | M | D | 20,000 | $0.00 | 104,058 | D | $1.95 · — to 2027-06-29 | 20,000 Class B Common Stock | (F6) The option is subject to an early exercise provision and is immediately exercisable. One-fourth of the total shares vested on June 1, 2018 and the remaining shares vest in 36 equal monthly installments thereafter. |