Form 4: Cloudflare Director Michelle Zatlyn Reports Changes in Beneficial Ownership

Michelle Zatlyn, a director and officer at Cloudflare, reported changes in her beneficial ownership of Class A Common Stock due to tax liability satisfaction and trust re-registration.

Summary

• On February 15, 2025, Michelle Zatlyn, President and Board Co-Chair at Cloudflare, reported a transaction involving Class A Common Stock.
• 9,759 shares were withheld to cover tax liabilities related to the vesting of restricted stock units (RSUs) at a price of $171.16.
• 9,459 shares issuable upon vesting and settlement of RSUs were re-registered and are now held directly by The Sutherland/Zatlyn Revocable Trust.
• Zatlyn also indirectly owns 9,459 shares through the Revocable Trust and 19,615 shares through The SZ 2021 Irrevocable Trust.
• Following the reported transaction, Zatlyn directly owns 413,413 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the holdings and transactions of company insiders.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive stock ownership.
• The transactions have a minimal direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Cloudflare, Michelle Zatlyn, beneficial ownership, Class A Common Stock, Form 4, SEC, restricted stock units, RSUs, trust, tax liability