Form 4 for NET Cloudflare, Inc.
Accepted 2023-02-17 00:00:00 ET · period of report 2023-02-15 · accession 0001209191-23-010535 · 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 | 2023-02-17 | 2023-02-15 | NET | Kramer Douglas James | GC | F - Tax | $72.40 | -8,680 | 58.5K | -13% | -$628.4K |
| DM | 2023-02-17 | 2023-02-15 | NET | Kramer Douglas James | GC | S - Sale | $68.41 | -3,500 | 55.0K | -6% | -$239.4K |
| D | 2023-02-17 | 2023-02-15 | NET | Kramer Douglas James | GC | C - Cnv Deriv | — | +11.5K | 67.1K | +21% | — |
| D | 2023-02-17 | 2023-02-15 | NET | Kramer Douglas James | GC | C - Cnv Deriv | $0.00 | -11.5K | 130.7K | -8% | $0 |
| DM | 2023-02-17 | 2023-02-15 | NET | Kramer Douglas James | GC | M - OptEx | $0.00 | 0 | 138.5K | New | $0 |
| D | 2023-02-17 | 2023-02-15 | NET | Kramer Douglas James | GC | F - Tax | $72.40 | -7,629 | 142.2K | -5% | -$552.3K |
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 | 2023-02-15 | F | D | 8,680 | $72.40 | 58,460 | D | — | — | |
| 2 | Common | Class A Common Stock | 2023-02-15 | S | D | 2,380 | $68.16 | 56,080 | D | — | — | (F4) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $67.67 to $68.50, 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) and (5) to this Form 4. |
| 3 | Common | Class A Common Stock | 2023-02-15 | S | D | 1,120 | $68.95 | 54,960 | D | — | — | (F5) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $68.78 to $69.02, inclusive. |
| 4 | Common | Class A Common Stock | 2023-02-15 | C | A | 11,496 | — | 67,140 | 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. |
| 5 | Derivative | Class B Common Stock | 2023-02-15 | C | D | 11,496 | $0.00 | 130,675 | D | — · — to — | 11,496 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 | 2023-02-15 | M | A | 19,125 | $0.00 | 149,800 | D | — · — to — | 19,125 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 | Restricted Stock Units | 2023-02-15 | M | D | 9,375 | $0.00 | 18,750 | D | — · — to — | 9,375 Class B Common Stock | (F7) Each RSU represents a contingent right to receive one share of Issuer Class B Common Stock. (F9) The RSUs vest in 16 equal quarterly installments following August 15, 2019. |
| 8 | Derivative | Restricted Stock Units | 2023-02-15 | M | D | 6,250 | $0.00 | 0 | D | — · — to — | 6,250 Class B Common Stock | (F7) Each RSU represents a contingent right to receive one share of Issuer Class B Common Stock. (F8) The RSUs vest in 16 equal quarterly installments following February 15, 2019. |
| 9 | Derivative | Employee Stock Option (right to buy) | 2023-02-15 | M | D | 3,500 | $0.00 | 138,500 | D | $2.04 · — to 2027-07-25 | 3,500 Class B Common Stock | (F6) The option is subject to an early exercise provision and is immediately exercisable. Shares subject to the option vest in 48 equal monthly installments following September 13, 2019. |
| 10 | Derivative | Class B Common Stock | 2023-02-15 | F | D | 7,629 | $72.40 | 142,171 | D | — · — to — | 7,629 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. |