Form 4: Cloudflare Executive Douglas James Kramer Reports Tax-Related Stock Disposal
SEC Form 4 Filing
Cloudflare's Chief Legal Officer, Douglas James Kramer, disposed of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On August 15, 2024, Douglas James Kramer, Chief Legal Officer of Cloudflare, Inc., disposed of 9,917 shares of Class A Common Stock.
- The disposal was to cover tax liabilities associated with the vesting of restricted stock units (RSUs).
- The transaction was executed at a price of $82.16 per share.
- Following the transaction, Kramer directly owns 185,386 shares of Cloudflare's Class A Common Stock.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, so it doesn't significantly impact sentiment. It's a neutral event.
Industry Context
Form 4 filings are routine and provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and actions regarding their company's stock.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a standard procedure for covering tax liabilities.
Key Dates
| Date | Description |
|---|---|
| 08/15/2024 | Date of stock disposal transaction |
| 08/16/2024 | Date of signature on the report |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.