Form 4: Cloudflare COO Michelle Zatlyn Reports Stock Transactions
SEC Form 4 Filing
Michelle Zatlyn, Cloudflare's President and COO, reported the disposition of shares to cover tax liabilities and the re-registration of shares held in trust.
Summary
- On August 15, 2024, Michelle Zatlyn, President and COO of Cloudflare, Inc., reported transactions involving Class A Common Stock.
- 9,740 shares were disposed of to satisfy tax liabilities related to the vesting of restricted stock units (RSUs) at a price of $82.16 per share.
- 9,477 shares issuable upon vesting and settlement of RSUs were re-registered and are now held directly by The Sutherland/Zatlyn Revocable Trust dated November 17, 2016.
- Zatlyn also indirectly owns 9,477 shares through the Revocable Trust and 19,615 shares through The SZ 2021 Irrevocable Trust dated November 6, 2021.
- Following the reported transactions, Zatlyn directly owns 192,177 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by a company executive, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for company insiders and provide transparency into their transactions in the company's stock.
Key Dates
| Date | Description |
|---|---|
| November 17, 2016 | Date of The Sutherland/Zatlyn Revocable Trust |
| November 6, 2021 | Date of The SZ 2021 Irrevocable Trust |
| August 15, 2024 | Date of stock transaction |
| August 16, 2024 | Date of signature on the Form 4 filing |
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