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 the withholding of shares to cover tax liabilities related to vesting restricted stock units.
Summary
- On May 15, 2024, Douglas James Kramer, the Chief Legal Officer of Cloudflare, Inc., had 9,935 Class A Common Stock shares withheld at a price of $74.25 per share to cover tax liabilities.
- Following this transaction, Kramer directly owns 195,303 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 indicate particularly positive or negative sentiment.
Industry Context
Form 4 filings are standard practice 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 shareholders as it is related to tax obligations of an executive.
Key Dates
| Date | Description |
|---|---|
| 05/15/2024 | Date of the stock transaction where shares were withheld for tax liabilities. |
| 05/17/2024 | Date of signature for the report. |
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