Form 4: Cloudflare CEO Matthew Prince Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Matthew Prince, CEO of Cloudflare, reports a transaction involving Class A Common Stock related to tax liability and the vesting of restricted stock units.
Summary
- On February 15, 2025, Cloudflare CEO Matthew Prince reported a transaction involving Class A Common Stock.
- 7,599 shares were withheld to cover tax liabilities associated with the vesting of restricted stock units (RSUs).
- 11,619 shares issuable upon vesting and settlement of RSUs were re-registered and are now held directly by The Matthew Prince Revocable Trust dated October 29, 2015, for which Matthew Prince serves as trustee.
- Following the reported transaction, Matthew Prince directly owns 413,413 shares of Class A Common Stock and indirectly owns 22,381 shares through the Revocable Trust.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing changes in beneficial ownership, which is a neutral event.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates activity related to equity compensation and tax obligations, which are common occurrences for executives at publicly traded companies.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the CEO's stock transactions.
- The transactions do not appear to have a significant impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| October 29, 2015 | Date of The Matthew Prince Revocable Trust |
| February 15, 2025 | Date of transaction involving Class A Common Stock |
| February 19, 2025 | Date of signature for the Form 4 filing |
Keywords
Cloudflare, Matthew Prince, Beneficial Ownership, Form 4, SEC, Class A Common Stock, RSU, Revocable Trust, Tax Liability
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