Form 4 for NET Cloudflare, Inc.
Accepted 2023-11-22 00:00:00 ET · period of report 2023-11-20 · accession 0001209191-23-056491 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MI | 2023-11-22 | 2023-11-20 | NET | SANDELL SCOTT D | Dir | S - Sale | $73.17 | -211.5K | 192.2K | -52% | -$15.48M |
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 | 2023-11-20 | S | D | 34,611 | $73.50 | 0 | I See Note 6 | — | — | (F4) The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $73.34 to $73.79 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. (F6) The Reporting Person is the trustee of the SS 2023 CF GRAT dated 5/16/2023, which is the direct beneficial owner of the securities. |
| 2 | Common | Class A Common Stock | 2023-11-20 | S | D | 12,558 | $73.50 | 0 | I See Note 5 | — | — | (F4) The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $73.34 to $73.79 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. (F5) The Reporting Person is the trustee of the SS 2022 CF GRAT 2 dated 12/6/2022, which is the direct beneficial owner of the securities. |
| 3 | Common | Class A Common Stock | 2023-11-20 | S | D | 28,442 | $73.02 | 12,558 | I See Note 5 | — | — | (F2) The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $72.34 to $73.33 per share, 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 (the "SEC"), upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. (F5) The Reporting Person is the trustee of the SS 2022 CF GRAT 2 dated 12/6/2022, which is the direct beneficial owner of the securities. |
| 4 | Common | Class A Common Stock | 2023-11-20 | S | D | 17,621 | $73.50 | 174,534 | I See Note 3 | — | — | (F4) The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $73.34 to $73.79 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. (F3) 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 Exchange 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. |
| 5 | Common | Class A Common Stock | 2023-11-20 | S | D | 78,389 | $73.02 | 34,611 | I See Note 6 | — | — | (F2) The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $72.34 to $73.33 per share, 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 (the "SEC"), upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. (F6) The Reporting Person is the trustee of the SS 2023 CF GRAT dated 5/16/2023, which is the direct beneficial owner of the securities. |
| 6 | Common | Class A Common Stock | 2023-11-20 | S | D | 39,913 | $73.02 | 192,155 | I See Note 3 | — | — | (F2) The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $72.34 to $73.33 per share, 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 (the "SEC"), upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. (F3) 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 Exchange 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. |