SEIFERT THOMAS J 4

What Happened

• Thomas J. Seifert, Chief Financial Officer of Cloudflare (NET), received an award of 142,116 restricted stock units (RSUs) reported on a Form 4 dated Mar 13, 2026 for a transaction on Feb 6, 2026. The grant is reported at $0.00 (standard for RSU grants; no cash paid by the insider). This is a compensation grant, not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-02-06; Filing date: 2026-03-13 (late filing relative to the 2-business-day Form 4 deadline).
• Instrument: 142,116 RSUs (reported as 142,116 shares acquired at $0.00).
• Vesting: RSUs vest in 19 equal monthly installments beginning March 15, 2026 (final installment around Sept 15, 2027) — see footnote F1.
• Shares owned after transaction: not specified in the filing.
• Footnote: F1 clarifies these reported shares are RSUs with the monthly vesting schedule above.
• Timeliness: Filing appears late; late filings do not change the economic terms but can delay public disclosure.

Context

• RSU grants are a form of executive compensation and do not reflect an immediate market purchase or sale; shares are typically delivered (and taxable) only as they vest. For retail investors, such awards signal company compensation practices but are not a direct bullish/bearish trade by the insider.