Form 4: Cloudflare's Chief Legal Officer, Douglas James Kramer, Reports Stock Transaction
SEC Form 4 Filing
Douglas James Kramer, Chief Legal Officer of Cloudflare, Inc., reports a transaction involving the withholding of shares to cover tax liabilities related to vested restricted stock units.
Summary
- On February 15, 2025, Douglas James Kramer, the Chief Legal Officer of Cloudflare, Inc., had 9,905 shares of Class A Common Stock withheld to cover tax liabilities associated with the vesting of restricted stock units (RSUs).
- The price per share for the transaction was $171.16.
- Following the transaction, Kramer directly owns 200,406 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing regarding an insider transaction for tax purposes, indicating a neutral sentiment.
Industry Context
This is a routine SEC filing related to insider transactions. It is common for company executives to have shares withheld to cover tax obligations when restricted stock units vest.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders as it is a routine tax-related stock withholding.
Key Dates
| Date | Description |
|---|---|
| 02/15/2025 | Date of stock transaction (withholding of shares for tax liability). |
| 02/19/2025 | Date of signature on the Form 4 filing. |
Keywords
Cloudflare, NET, Form 4, insider trading, Douglas James Kramer, Chief Legal Officer, stock transaction, restricted stock units, RSUs, tax liability, Class A Common Stock
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