Company: NET
Filing Date: 2025-04-21
Form Type: DEF 14A
Source: 0001477333-25-000065
Chunk: 74

Company: Cloudflare, Inc.
Filing Date: 2025-04-21
Form: DEF 14A
Chunk 74
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-ups.

To receive the severance described above under the Severance Policy, the participant must sign and not revoke our then-standard separation agreement and release of claims within the timeframe that is set forth in the Severance Policy.

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#### CEO Pay Ratio Disclosure
As required by SEC rules, we are providing the following information about the ratio of the total annual compensation of our "median employee" to the total annual compensation of our CEO (the CEO Pay Ratio).

For fiscal 2024, the total compensation of our CEO was $2,081,094 and the total compensation of our median employee was $151,522. Accordingly, t he CEO Pay Ratio for fiscal 2024 is approximately 14:1. This ratio is a reasonable estimate calculated in a manner consistent with SEC rules.

In order to identify our median employee in fiscal 2024, we examined the compensation in 2024 of all our employees globally, including those employed on a full-time, part-time, seasonal or temporary basis by the company as of December 31, 2024, excluding our CEO. For employees paid other than in U.S. dollars, we converted their compensation into U.S. dollars using foreign currency exchange rates in effect as of December 31, 2024. We did not make any cost-of-living adjustments for employees outside the United States. We annualized compensation for employees who were not employed by us for the entire 2024 fiscal year. We used a consistently applied compensation measure consisting of annual base salary and sales commissions paid, if applicable, to identify our median employee for fiscal 2024, with such information based on our payroll records. We believe our methodology represents a consistently applied compensation measure because it reasonably reflects compensation to our employees, striking a balance in terms of administrative burden while consistently treating all the primary compensation components for our worldwide workforce and capturing a full year of each of such primary compensation components.

We calculated our median employee’s fiscal 2024 annual total compensation using the same methodology that we use for our named executive officers as set forth in the “ 2024 Summary Compensation Table ” above. With respect to the annual total compensation of our CEO, we used the amount reported in the “Total” column of the “ 2024 Summary Compensation Table ” above.

In selecting the median employee in accordance with Item 402 of Regulation S-K under the Securities Act, reporting companies are permitted to use reasonable estimates, assumptions, and methodologies based on their own facts and circumstances. As a result, the