CloudFlare Inc.

11/19/2024 | Press release | Distributed by Public on 11/19/2024 18:14

Statement of Changes in Beneficial Ownership - Form 4

Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
SEIFERT THOMAS J
2. Issuer Name and Ticker or Trading Symbol
Cloudflare, Inc. [NET] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
CHIEF FINANCIAL OFFICER
(Last) (First) (Middle)
C/O CLOUDFLARE, INC., 405 COMAL STREET 		3. Date of Earliest Transaction (Month/Day/Year)
11/15/2024
(Street)
AUSTIN, TX 78702 		4. If Amendment, Date Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4) 		7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 11/15/2024 F(1) 14,899 D $89.77 266,504 D
Class A Common Stock 11/19/2024 C 15,000 A (2) 281,504 D
Class A Common Stock 11/19/2024 S(3) 700 D $91.7871(4) 280,804 D
Class A Common Stock 11/19/2024 S(3) 3,200 D $93.4233(5) 277,604 D
Class A Common Stock 11/19/2024 S(3) 8,018 D $94.2085(6) 269,586 D
Class A Common Stock 11/19/2024 S(3) 5,962 D $95.3543(7) 263,624 D
Class A Common Stock 11/19/2024 S(3) 10,755 D $96.1388(8) 252,869 D
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 1474 (9-02)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8) 		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5) 		6. Date Exercisable and Expiration Date
(Month/Day/Year) 		7. Title and Amount of Underlying Securities
(Instr. 3 and 4) 		8. Price of Derivative Security
(Instr. 5) 		9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4) 		10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4) 		11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (right to buy) $2.04 11/19/2024 M 15,000 (9) 07/25/2027 Class B Common Stock(2) 15,000 $ 0 345,341 D
Class B Common Stock (2) 11/19/2024 M 15,000 (2) (2) Class A Common Stock 15,000 $ 0 23,925 D
Class B Common Stock (2) 11/19/2024 C 15,000 (2) (2) Class A Common Stock 15,000 $ 0 8,925 D
Class B Common Stock (2) (2) (2) Class A Common Stock 200,000 200,000 I See footnote(10)
Class B Common Stock (2) (2) (2) Class A Common Stock 61,100 61,100 I See footnote(11)
Class B Common Stock (2) (2) (2) Class A Common Stock 61,000 61,000 I See footnote(12)
Class B Common Stock (2) (2) (2) Class A Common Stock 61,100 61,100 I See footnote(13)

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
SEIFERT THOMAS J
C/O CLOUDFLARE, INC.
405 COMAL STREET
AUSTIN, TX 78702 		CHIEF FINANCIAL OFFICER

Signatures

/s/ Lindsey Cochran, by power of attorney 11/19/2024
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) The shares were withheld to satisfy the reporting person's tax liability in connection with the vesting of restricted stock units, or RSUs.
(2) 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.
(3) The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 27, 2023.
(4) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $91.55 to $92.52, inclusive. The reporting person undertakes to provide 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) through (8) to this Form 4.
(5) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $92.71 to $93.70, inclusive.
(6) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $93.72 to $94.70, inclusive.
(7) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $94.77 to $95.76, inclusive.
(8) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $95.77 to $96.53, inclusive.
(9) Shares subject to the option are fully vested and immediately exercisable.
(10) The shares are held of record by Center Court Partners Ltd., for which the reporting person serves as a partner.
(11) The shares are held of record by Center Court 2020 Trust 1 UA 12/11/20, for which the reporting person serves as trustee.
(12) The shares are held of record by Center Court 2020 Trust 2 UA 12/11/20, for which the reporting person serves as trustee.
(13) The shares are held of record by Center Court 2020 Trust 3 UA 12/11/20, for which the reporting person serves as trustee.
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.