Seifert Thomas J's Form 4/A amendment
AmendedCloudflare, Inc.NET · filed Nov 15, 2022
- Accession no.
- 0001209191-22-057144
- Filed
- Nov 15, 2022
- Trade date
- Nov 11, 2022
- Filing delay
- 4 days
- Rule 10b5-1 plan
- Not on the form (before 2023)
- Original filed
- Nov 14, 2022
This filing lists 2 non-derivative transactions and 3 derivative transactions. Open-market sales total $2.51M. It was filed 4 days after the trade.
This amendment replaces 0001209191-22-056894 (filed Nov 14, 2022).
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.
| Owner | Relationship to the company |
|---|---|
| Seifert Thomas JCIK 0001473289 | Officer (Chief Financial Officer) |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
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.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Nov 11, 2022 | Class A Common Stock | MOption exerciseDisposed | −50,000 | $0.00 | $0 | 124,058 | Direct | |
| Nov 11, 2022 | Class A Common Stock | CConversionAcquired | +50,000 | $0.00 | $0 | 58,925 | Direct | |
| Nov 11, 2022 | Class A Common Stock | CConversionDisposed | −50,000 | $0.00 | $0 | 8,925 | Direct |
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 1 transaction in Table I.
- F2
The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 24, 2021, as modified on August 25, 2022.
- F3
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.00 to $50.30, 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.
Referenced by the price of 1 transaction in Table I.
- F4
The option is subject to an early exercise provision and is immediately exercisable. One-fourth of the total shares vested on June 1, 2018 and the remaining shares vest in 36 equal monthly installments thereafter.
Remarks
This amendment on Form 4 is filed to correct the transaction date in each row of Table I and Table II and the amount of securities beneficially owned following the reported transaction in Rows 1 and 2 of Table I.