Form 4 for NET Cloudflare, Inc.
Accepted 2023-02-17 00:00:00 ET · period of report 2023-02-15 · accession 0001209191-23-010885 · 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 | 2023-02-17 | 2023-02-15 | NET | SANDELL SCOTT D | Dir | J - Other | $0.00 | -619.5K | 191.8K | -76% | $0 |
| DI | 2023-02-17 | 2023-02-15 | NET | SANDELL SCOTT D | Dir | C - Cnv Deriv | $0.00 | +624.6K | 624.6K | New | $0 |
| DI | 2023-02-17 | 2023-02-15 | NET | SANDELL SCOTT D | Dir | C - Cnv Deriv | $0.00 | -624.6K | 1.25M | -33% | $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 | 2023-02-15 | J | A | 5,142 | $0.00 | 5,142 | I See Note 9 | — | — | (F9) The Reporting Person is the trustee of the Blue Mountain Trust, which is the direct beneficial owner of the securities. The Reporting Person disclaims beneficial ownership within the meaning of Section 16 of the Securities Exchagne Act of 1934, as amended, or otherwise of such portion of the securities held by the Blue Mountain Trust in which the Reporting Person has no pecuniary interest. |
| 2 | Common | Class A Common Stock | 2023-02-15 | J | D | 191,755 | $0.00 | 0 | I See Note 6 | — | — | (F6) The Reporting Person is a manager of NEA 13 GP, which is the sole general partner of NEA Partners 13, the direct beneficial owner of the securities. The Reporting Person disclaims beneficial ownership within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise of such portion of the securities held by NEA Partners 13 in which the Reporting Person has no pecuniary interest. |
| 3 | Common | Class A Common Stock | 2023-02-15 | J | D | 624,608 | $0.00 | 0 | I See Note 3 | — | — | (F3) The Reporting Person is a manager of NEA 13 GP, LLC ("NEA 13 GP"), which is the sole general partner of NEA Partners 13, L.P. ("NEA Partners 13"). NEA Partners 13 is the sole general partner of NEA 13, the direct beneficial owner of the securities. The Reporting Person disclaims beneficial ownership within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise of such portion of the securities held by NEA 13 in which the Reporting Person has no pecuniary interest. |
| 4 | Common | Class A Common Stock | 2023-02-15 | C | A | 624,608 | $0.00 | 624,608 | I See Note 3 | — | — | (F2) Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at NEA 13's election and has no expiration date. (F3) The Reporting Person is a manager of NEA 13 GP, LLC ("NEA 13 GP"), which is the sole general partner of NEA Partners 13, L.P. ("NEA Partners 13"). NEA Partners 13 is the sole general partner of NEA 13, the direct beneficial owner of the securities. The Reporting Person disclaims beneficial ownership within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise of such portion of the securities held by NEA 13 in which the Reporting Person has no pecuniary interest. |
| 5 | Common | Class A Common Stock | 2023-02-15 | J | A | 191,755 | $0.00 | 191,755 | I See Note 6 | — | — | (F6) The Reporting Person is a manager of NEA 13 GP, which is the sole general partner of NEA Partners 13, the direct beneficial owner of the securities. The Reporting Person disclaims beneficial ownership within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise of such portion of the securities held by NEA Partners 13 in which the Reporting Person has no pecuniary interest. |
| 6 | Derivative | Class B Common Stock | 2023-02-15 | C | D | 624,608 | $0.00 | 1,249,215 | I See Note 3 | — · — to — | 624,608 Class A Common Stock | (F2) Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at NEA 13's election and has no expiration date. (F3) The Reporting Person is a manager of NEA 13 GP, LLC ("NEA 13 GP"), which is the sole general partner of NEA Partners 13, L.P. ("NEA Partners 13"). NEA Partners 13 is the sole general partner of NEA 13, the direct beneficial owner of the securities. The Reporting Person disclaims beneficial ownership within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise of such portion of the securities held by NEA 13 in which the Reporting Person has no pecuniary interest. |