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Cloudflare, Inc.

M

$ Value

Shares

21,889

Price

Filed

Nov 18

Insider

Name

Zatlyn Michelle

Title

President and Board Co-Chair

CIK

0001786951

Roles

Director Officer

Transaction Details

Transaction Date

2025-11-15

Code

M

Table

Non-Derivative

Ownership

Direct

Equity Swap

No

Shares After

389,140

Footnotes

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 November 15, 2025. | Each PSU represents a contingent right to receive one share of Issuer Class A common stock. | 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. | The 19,438 shares issuable upon vesting and settlement of the PSUs and RSUs were re-registered and are now held directly by The Sutherland/Zatlyn Revocable Trust dated November 17, 2016, for which the reporting person serves as co-trustee (the "Revocable Trust"). | The shares are held of record by the Revocable Trust. | The shares are held of record by The SZ 2021 Irrevocable Trust dated November 6, 2021, for which the reporting person serves as the appointer. | 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 $203.00 Stock Price Goal and following the date of certification of achievement of the $203.00 Stock Price Goal, 21,889 PSUs became eligible to vest in six quarterly installments beginning on November 15, 2025. The remaining four separate tranches of the PSU award become eligible to vest upon achievement of certain stock price targets ranging from $263.00 to $579.00. | 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.

Filing Info

Accession No.

0001786951-25-000009

Form Type

4

Issuer CIK

0001477333

Zatlyn Michelle's History

Date Ticker Type Value
2026-04-22 NET C
2026-04-22 NET $1.3M
2026-04-22 NET $1.8M
2026-04-22 NET $1.4M
2026-04-22 NET $626K
2026-04-22 NET $302K
2026-04-22 NET M $0
2026-04-22 NET M $0
2026-04-22 NET C $0
2026-04-21 NET C

Other Insiders at NET (90d)

Insider Bought Sold Last
Ledbetter Carl $6.6M 2026-03-18
Hawkins Mark J $74K 2026-04-01
SEIFERT THOMAS J
Chief Financial Officer
$11.9M 2026-04-17
Prince Matthew
CEO & Board Co-Chair
$93.5M 2026-04-08
Zatlyn Michelle
President and Board Co-Chair
$45.6M 2026-04-22
Kramer Douglas James
CHIEF LEGAL OFFICER
$529K 2026-02-02
Kramer Douglas James
Chief Legal Officer
2026-02-15
Riley Janel
CHIEF ACCOUNTING OFFICER
$749K 2026-03-03
Riley Janel
Chief Accounting Officer
$4.4M 2026-03-05
Graham-Cumming John $1.6M 2026-03-27