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Total Value
$3.1M
Filing Date
Aug 19, 2025
1 transactions
Trade Summary
On Aug 15, 2025, Prince Matthew, CEO and Board Co-Chair, Director, 10% Owner, reported $3.1M of Cloudflare, Inc. (NET) across 1 transactions. The filing covers Class A Common Stock and reflects balanced net activity of $0. Reported prices ranged from $195.38. Insider transactions are sourced from SEC Form 4 disclosures and should be reviewed alongside company fundamentals and the insider's broader trading history.
Company Information
- Company Name
- Cloudflare, Inc.
- Ticker Symbol
- NET
- CIK
- 0001477333
Insider Information
- Name
- Prince Matthew
- Role
- CEO and Board Co-Chair, Director, 10% Owner
- Location
- AUSTIN, TX
Filing Details
- Filing Date
- Aug 19, 2025
- Transaction Date
- Aug 15, 2025
- Accession Number
- 0001104659-25-080387
- Form Type
- 4
Non-Derivative Transactions
| Date | Security | Shares | Price | Type | Value |
|---|---|---|---|---|---|
| Aug 15, 2025 | Class A Common Stock | 21,888 | — | Exercise | — |
| Aug 15, 2025 | Class A Common Stock | 15,739 | $195.38 | Tax Withholding | $3.1M |
Derivative Transactions
| Date | Security | Shares | Exercise Price | Type | Value |
|---|---|---|---|---|---|
| Aug 15, 2025 | NET derivative | 21,888 | — | Exercise | — |
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Footnotes
- (F1)The reported shares are represented by performance-based restricted stock units ("PSUs") for which the performance metric has been met and which vest in six equal quarterly installments beginning on August 15, 2025.
- (F2)Each PSU represents a contingent right to receive one share of Issuer Class A common stock.
- (F3)The shares were withheld to satisfy the reporting person's tax liability in connection with the vesting of PSUs or restricted stock units ("RSUs"), as applicable.
- (F4)The 20,111 shares issuable upon vesting and settlement of the PSUs and RSUs were re-registered and are now held directly by The Matthew Prince Revocable Trust dated October 29, 2015, for which the reporting person serves as trustee (the "Revocable Trust").
- (F5)The shares are held of record by the Revocable Trust.
- (F6)The PSUs are comprised of six separate tranches that become eligible to vest upon achievement of certain stock price targets ranging from $156.00 to $579.00 (the "Stock Price Goals") at any time within seven years of February 5, 2025, with the performance period shortened to end upon a change in control of the Issuer. Upon satisfaction of the $156.00 Stock Price Goal and following the date of certification of achievement of the $156.00 Stock Price Goal, 21,888 PSUs became eligible to vest in six quarterly installments beginning on August 15, 2025. The remaining five separate tranches of the PSU award become eligible to vest upon achievement of certain stock price targets ranging from $203.00 to $579.00.
- (F7)Upon satisfaction of a Stock Price Goal, 1/6 of the shares subject to the applicable tranche vest and become exercisable on each Issuer quarterly vesting date (2/15, 5/15, 8/15 or 11/15) occurring on or after the date of certification of achievement of the applicable Stock Price Goal for such tranche. In addition, the PSUs are subject to the reporting person's continued status as a Service Provider through each vesting date. The time-based vesting requirements are waived upon a change in control of the Issuer.