Form 4 for NET Cloudflare, Inc.
Accepted 2023-05-15 00:00:00 ET · period of report 2023-05-11 · accession 0001209191-23-029432 · 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 | 2023-05-15 | 2023-05-11 | NET | Kramer Douglas James | GC | S - Sale | $50.00 | -3,000 | 157.5K | -2% | -$150.0K |
| D | 2023-05-15 | 2023-05-11 | NET | Kramer Douglas James | GC | C - Cnv Deriv | — | +3,000 | 160.5K | +2% | — |
| DM | 2023-05-15 | 2023-05-11 | NET | Kramer Douglas James | GC | M - OptEx | $0.00 | 0 | 133.7K | New | $0 |
| D | 2023-05-15 | 2023-05-11 | NET | Kramer Douglas James | GC | C - Cnv Deriv | $0.00 | -3,000 | 130.7K | -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 | 2023-05-11 | S | D | 3,000 | $50.00 | 157,454 | D | — | — | |
| 2 | Common | Class A Common Stock | 2023-05-11 | C | A | 3,000 | — | 160,454 | 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. |
| 3 | Derivative | Employee Stock Option (right to buy) | 2023-05-11 | M | D | 3,000 | $0.00 | 129,500 | D | $2.04 · — to 2027-07-25 | 3,000 Class B Common Stock | (F3) 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. |
| 4 | Derivative | Class B Common Stock | 2023-05-11 | M | A | 3,000 | $0.00 | 133,675 | D | — · — to — | 3,000 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. |
| 5 | Derivative | Class B Common Stock | 2023-05-11 | C | D | 3,000 | $0.00 | 130,675 | D | — · — to — | 3,000 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. |