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Zatlyn Michelle's Form 4 filing

Cloudflare, Inc.NET · filed May 22, 2024

Accession no.
0001104659-24-064392
Filed
May 22, 2024
Trade date
May 20-22, 2024
Filing delay
2 days
Rule 10b5-1 plan
Checked

This filing lists 17 non-derivative transactions and 12 derivative transactions. Open-market sales total $6.47M. It was filed 2 days after the trade.

Reporting owners

A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.

Reporting owners on this filing
OwnerRelationship to the company
Zatlyn MichelleCIK 0001786951Director, Officer (President and COO)

Non-derivative securities (Table I)

Acquisitions and disposals of common stock and similar shares, one row per line on the filing.

Non-derivative transactions
Trade dateSecurityTransactionSharesPriceValueShares afterOwnershipFlags
May 20, 2024Class A Common StockCConversionAcquired+10,272–F1–58,295Indirect
May 20, 2024Class A Common StockSSaleDisposed−37,557$74.77F4−$2,808,136.8920,738Indirect
May 20, 2024Class A Common StockSSaleDisposed−20,738$75.27F5−$1,560,949.260Indirect
May 20, 2024Class A Common StockCConversionAcquired+2,568–F1–22,183Indirect
May 20, 2024Class A Common StockSSaleDisposed−2,568$74.66F7−$191,726.8819,615Indirect
May 21, 2024Class A Common StockCConversionAcquired+10,256–F1–10,256Indirect
May 21, 2024Class A Common StockSSaleDisposed−9,009$74.38F8−$670,089.421,247Indirect
May 21, 2024Class A Common StockSSaleDisposed−1,247$75.03F9−$93,562.410Indirect
May 21, 2024Class A Common StockCConversionAcquired+2,564–F1–22,179Indirect
May 21, 2024Class A Common StockSSaleDisposed−2,255$74.38F8−$167,726.919,924Indirect
May 21, 2024Class A Common StockSSaleDisposed−309$75.03F9−$23,184.2719,615Indirect
May 22, 2024Class A Common StockCConversionAcquired+10,256–F1–10,256Indirect
May 22, 2024Class A Common StockSSaleDisposed−10,176$74.08F10−$753,838.0880Indirect
May 22, 2024Class A Common StockSSaleDisposed−80$74.61−$5,968.80Indirect
May 22, 2024Class A Common StockCConversionAcquired+2,564–F1–22,179Indirect
May 22, 2024Class A Common StockSSaleDisposed−2,544$74.08F10−$188,459.5219,635Indirect
May 22, 2024Class A Common StockSSaleDisposed−20$74.61−$1,492.219,615Indirect

Derivative securities (Table II)

Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.

Derivative transactions
Trade dateSecurityTransactionUnderlying sharesUnit priceValueHeld afterOwnershipFlags
May 20, 2024Class B Common StockMOption exerciseDisposed−10,272$0.00$03,076,900Direct
May 20, 2024Class A Common StockMOption exerciseAcquired+10,272$0.00$010,272Direct
May 20, 2024Class A Common StockCConversionDisposed−10,272$0.00$00Direct
May 20, 2024Class A Common StockCConversionDisposed−2,568$0.00$01,303,273Indirect
May 21, 2024Class B Common StockMOption exerciseDisposed−10,256$0.00$03,066,644Direct
May 21, 2024Class A Common StockMOption exerciseAcquired+10,256$0.00$010,256Direct
May 21, 2024Class A Common StockCConversionDisposed−10,256$0.00$00Direct
May 21, 2024Class A Common StockCConversionDisposed−2,564$0.00$01,300,709Indirect
May 22, 2024Class B Common StockMOption exerciseDisposed−10,256$0.00$03,056,388Direct
May 22, 2024Class A Common StockMOption exerciseAcquired+10,256$0.00$010,256Direct
May 22, 2024Class A Common StockCConversionDisposed−10,256$0.00$00Direct
May 22, 2024Class A Common StockCConversionDisposed−2,564$0.00$01,298,145Indirect

Footnotes and remarks

Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.

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.

Referenced by the price of 6 transactions in Table I.

F4

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $74.14 to $75.135, 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), (5) and (7) through (10) to this Form 4.

Referenced by the price of 1 transaction in Table I.

F5

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $75.14 to $75.58, inclusive.

Referenced by the price of 1 transaction in Table I.

F7

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $74.37 to $75.22, inclusive.

Referenced by the price of 1 transaction in Table I.

F8

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $73.93 to $74.865, inclusive.

Referenced by the price of 2 transactions in Table I.

F9

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $74.935 to $75.115, inclusive.

Referenced by the price of 2 transactions in Table I.

F10

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $73.58 to $74.565, inclusive.

Referenced by the price of 2 transactions in Table I.

Read the full filing on SEC EDGAR (opens in a new tab)