Form 4: Cloudflare CEO Matthew Prince Reports Stock Transaction
SEC Form 4 Filing
Cloudflare's CEO, Matthew Prince, reported a transaction involving Class A Common Stock related to tax liability and the vesting of restricted stock units.
Summary
- On August 15, 2024, Cloudflare CEO Matthew Prince reported a transaction involving Class A Common Stock.
- 8,456 shares were disposed of to cover tax liabilities related to the vesting of restricted stock units (RSUs) at a price of $82.16 per share.
- Following the transaction, Prince directly owns 192,177 shares of Class A Common Stock.
- An additional 10,761 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 the reporting person serves as trustee.
- The shares are held of record by the Revocable Trust.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to stock transactions by an executive. It doesn't inherently indicate positive or negative sentiment.
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 stock-based compensation and tax obligations, which is common among publicly traded companies.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it primarily reflects internal stock management for tax purposes.
Key Dates
| Date | Description |
|---|---|
| October 29, 2015 | Date of The Matthew Prince Revocable Trust |
| 08/15/2024 | Date of the reported transaction |
| 08/16/2024 | Date of signature on the report |
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