Cloudflare director granted 842 RSUs

Lakhani Karim reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Lakhani Karim reported acquisition or exercise transactions in this Form 4 filing.

Cloudflare, Inc. director Karim Lakhani reported an automatic annual restricted stock unit (RSU) award of 842 shares of Class A Common Stock under the company’s Outside Director Compensation Policy. The RSUs were granted at no cash cost and will vest on the earlier of June 30, 2027 or the day before Cloudflare’s next annual stockholder meeting. Following this grant, Lakhani directly holds 7,548 shares of Class A Common Stock.

Insider Trade Summary

Grant/Award: 842 shares

Grant/Award 1 txn

Insider Lakhani Karim

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	842	$0.00	$0.00

Holdings After Transaction: Class A Common Stock — 7,548 shares (Direct)

Footnotes (1)

1. F1. Represents an automatic annual restricted stock unit, or RSU, award issued pursuant to the Issuer's Outside Director Compensation Policy. The RSUs vest on the earlier of (i) June 30, 2027 or (ii) the day prior to the date of the Issuer's next annual meeting of stockholders.

Key Figures

RSU grant size: 842 shares Grant price per share: $0.00 per share Shares held after grant: 7,548 shares +1 more

4 metrics

RSU grant size 842 shares Automatic annual RSU award to director Karim Lakhani

Grant price per share $0.00 per share RSU award under Outside Director Compensation Policy

Shares held after grant 7,548 shares Total Class A Common Stock directly owned post-transaction

Vesting date June 30, 2027 RSUs vest on earlier of June 30, 2027 or day before next annual meeting

Key Terms

restricted stock unit, Outside Director Compensation Policy, Class A Common Stock

3 terms

restricted stock unit financial

"Represents an automatic annual restricted stock unit, or RSU, award issued pursuant to the Issuer's Outside Director Compensation Policy."

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

Outside Director Compensation Policy financial

"Represents an automatic annual restricted stock unit, or RSU, award issued pursuant to the Issuer's Outside Director Compensation Policy."

Class A Common Stock financial

"security_title: Class A Common Stock"

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Cloudflare (NET) director Karim Lakhani report?

Cloudflare director Karim Lakhani reported receiving an automatic annual restricted stock unit (RSU) award of 842 shares of Class A Common Stock. The award is compensation-based, carries no purchase price, and increases his direct holdings to 7,548 shares after the grant.

How many Cloudflare (NET) shares did Karim Lakhani receive in this Form 4 filing?

Karim Lakhani received 842 RSUs representing shares of Cloudflare Class A Common Stock. These units were granted as an automatic annual award under the Outside Director Compensation Policy and add to his existing position, bringing his direct holdings to 7,548 shares after the transaction.

When do Karim Lakhani’s newly granted Cloudflare (NET) RSUs vest?

The RSUs granted to Karim Lakhani vest on the earlier of June 30, 2027 or the day prior to Cloudflare’s next annual meeting of stockholders. This time- and event-based vesting schedule is specified in the footnote describing the Outside Director Compensation Policy award.

Did Karim Lakhani buy or sell Cloudflare (NET) shares on the open market?

No open-market buy or sell is reported. The Form 4 shows an “A” code transaction, meaning a grant or award acquisition of 842 RSUs at a price of $0.00 per share as part of Cloudflare’s Outside Director Compensation Policy, rather than a market trade.

What are Karim Lakhani’s Cloudflare (NET) share holdings after this RSU grant?

After the RSU grant, Karim Lakhani directly holds 7,548 shares of Cloudflare Class A Common Stock. This total reflects the addition of the 842-share RSU award reported in the Form 4 and represents his direct ownership position following the transaction.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/02/2026 - 04:20 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Lakhani Karim

(Last) (First) (Middle)

C/O CLOUDFLARE, INC.

101 TOWNSEND STREET

(Street)

SAN FRANCISCO CALIFORNIA 94107

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Cloudflare, Inc. [ NET ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	06/30/2026		A		842(1)	A	$0	7,548	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents an automatic annual restricted stock unit, or RSU, award issued pursuant to the Issuer's Outside Director Compensation Policy. The RSUs vest on the earlier of (i) June 30, 2027 or (ii) the day prior to the date of the Issuer's next annual meeting of stockholders.

Remarks:

Exhibit 24 - Power of Attorney

	/s/ Charlotte Bowe, by power of attorney	07/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)