Form 4: Cloudflare's Chief Legal Officer, Douglas James Kramer, Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Douglas James Kramer, Chief Legal Officer of Cloudflare, Inc., filed a Form 4 disclosing changes in beneficial ownership of the company's stock due to tax liability satisfaction and employee stock purchase plan acquisition.
Summary
- On May 15, 2025, Douglas James Kramer, Cloudflare's Chief Legal Officer, reported changes in his beneficial ownership of Cloudflare's Class A Common Stock.
- A total of 13,193 shares were withheld to cover Kramer's tax liability related to the vesting of restricted stock units (RSUs).
- Kramer also acquired 164 shares of Class A Common Stock through Cloudflare's employee stock purchase plan on May 9, 2025.
- Following these transactions, Kramer's total beneficial ownership of Class A Common Stock is 172,377 shares.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. The filing reflects standard compensation practices and employee participation in the company's stock, indicating confidence. There are no red flags or negative implications.
Positives
- The acquisition of shares through the employee stock purchase plan indicates Kramer's continued investment in Cloudflare's future.
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 employee stock purchase plans, which are common practices in the tech industry.
Comparison to Industry Standards
- Stock-based compensation is a common practice among tech companies like Cloudflare to attract and retain talent.
- Companies such as Fastly, Akamai, and CrowdStrike also utilize stock options and restricted stock units as part of their compensation packages.
- Employee stock purchase plans are also common, allowing employees to purchase company stock at a discounted rate.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
- Employees benefit from the employee stock purchase plan.
Key Dates
| Date | Description |
|---|---|
| 05/09/2025 | Acquisition of Class A Common Stock under the Issuer's employee stock purchase plan. |
| 05/15/2025 | Date of transaction for withholding shares to satisfy tax liability. |
| 05/16/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, Cloudflare, Beneficial Ownership, Douglas James Kramer, Chief Legal Officer, Stock, RSU, Employee Stock Purchase Plan
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