Lakhani Karim 4

What Happened

• Karim Lakhani, a director of Cloudflare, received an automatic restricted stock unit (RSU) award of 842 shares on June 30, 2026.
• The RSUs were granted at an acquisition price of $0.00 (total reported value $0) as part of the issuer’s outside director compensation.

Key Details

• Transaction date: 2026-06-30; Form 4 filed: 2026-07-02 (filed within the typical 2-business-day window).
• Grant: 842 RSUs @ $0.00; reported total value $0.
• Shares owned after the transaction: not disclosed in this filing.
• Footnote: F1 — this is an automatic annual RSU award under Cloudflare’s Outside Director Compensation Policy; the RSUs vest on the earlier of (i) June 30, 2027 or (ii) the day before the company’s next annual meeting of stockholders.
• Exhibit/remarks: Exhibit 24 — Power of Attorney included with the filing.

Context

• This is a routine, non-cash director compensation award, not a market purchase or sale. Such RSU grants to outside directors are common and reflect standard compensation rather than a direct trading signal.
• Vesting is time-based per the footnote; there is no indication in this filing of immediate sale, tax withholding, or other secondary transactions.