Company: NET
Filing Date: 2025-04-21
Form Type: DEF 14A
Source: 0001477333-25-000065
Chunk: 69

Company: Cloudflare, Inc.
Filing Date: 2025-04-21
Form: DEF 14A
Chunk 69
---
 2023, as described in more detail in the section titled "Compensation Elements – Long-Term Incentive Compensation — Amendment of Outstanding Performance Stock Options" in our 2024 proxy statement filed with the SEC on April 19, 2024.

(7) The shares of Class A common stock underlying these RSUs vest in 12 quarterly installments following May 15, 2023, subject to continued service to us through each such date. This award is subject to vesting acceleration under certain circumstances pursuant to the terms of the named executive officer's participation in the Severance Policy, as described in the section titled "Potential Payments upon Termination or Change in Control" below.

(8) The shares of Class A common stock underlying these RSUs vest in 8 quarterly installments following February 15, 2024, subject to continued service to us through each such date. This award is subject to vesting acceleration under certain circumstances pursuant to the terms of the named executive officer's participation in the Severance Policy, as described in the section titled "Potential Payments upon Termination or Change in Control" below.

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#### Option Exercises and Stock Vested in 2024
The following table presents, for each of the named executive officers, the number of shares of our common stock acquired upon the exercise of stock options and the vesting and settlement of RSUs during 2024 and the aggregate value realized upon the exercise of stock options and the vesting and settlement of RSUs.

|                 |     | Option Awards                             |           |     |                                   |            |     | Stock Awards                             |         |     |                                  |            |
| Name            |     | Number of Shares Acquired on Exercise (#) |           |     | Value Realized on Exercise ($)(1) |            |     | Number of Shares Acquired on Vesting (#) |         |     | Value Realized on Vesting ($)(2) |            |
| Matthew Prince  |     |                                           |         — |     |                                   |          — |     |                                          |  76,871 |     |                                  |  6,676,251 |
| Michelle Zatlyn |     |                                           | 1,005,136 |     |                                   | 91,227,657 |     |                                          |  76,871 |     |                                  |  6,676,251 |
| Thomas Seifert  |     |                                           |   410,000