Underwood Paul D. 4
4 · Cloudflare, Inc. · Filed Aug 8, 2022
Insider Transaction Report
Form 4
Underwood Paul D.
Chief Accounting Officer
Transactions
- Sale
Class A Common Stock
2022-08-05$70.00/sh−6,000$420,000→ 30,030 total - Conversion
Class A Common Stock
2022-08-05+6,000→ 36,030 total - Exercise/Conversion
Employee Stock Option (right to buy)
2022-08-05−6,000→ 63,500 totalExercise: $9.97Exp: 2029-05-22→ Class B Common Stock (6,000 underlying) - Exercise/Conversion
Class B Common Stock
2022-08-05+6,000→ 6,000 total→ Class A Common Stock (6,000 underlying) - Conversion
Class B Common Stock
2022-08-05−6,000→ 0 total→ Class A Common Stock (6,000 underlying)
Holdings
- 109,970
Employee Stock Option (right to buy)
Exercise: $9.97Exp: 2029-05-22→ Class B Common Stock (109,970 underlying)
Footnotes (5)
- [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.
- [F2]Includes 135 shares of Class A Common Stock acquired under the Issuer's employee stock purchase plan on May 13, 2022.
- [F3]The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 12, 2021.
- [F4]The option is subject to an early exercise provision and is immediately exercisable. Shares subject to the option vest in 48 equal monthly installments beginning on September 13, 2019.
- [F5]The option is subject to an early exercise provision and is immediately exercisable. 1/4th of the shares vested on March 11, 2020 and 1/16th of the shares vest in 12 equal quarterly installments thereafter.