Company: NET
Filing Date: 2025-04-21
Form Type: DEF 14A
Source: 0001477333-25-000065
Chunk: 78

Company: Cloudflare, Inc.
Filing Date: 2025-04-21
Form: DEF 14A
Chunk 78
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     | 2.5-3.5        |     |   |
| Expected volatility                |     | 55.89% -82.16%          |     |   |     | 63.88% -93.37% |     |   |     | 62.67% -88.34% |     |     |     | 57.40% -66.52% |     |   |     | 38.09% -67.60% |     |   |     | 34.84% -36.30% |     |   |
| Expected risk-free interest rate   |     | 4.01% -4.65%            |     |   |     | 3.82% -5.34%   |     |   |     | 0.69% -4.52%   |     |     |     | 0.11% -0.85%   |     |   |     | 0.11% -1.57%   |     |   |     | 1.59% -1.63%   |     |   |
| Expected dividend yield            |     |                         |     | — |     |                |     | — |     |                |     |   — |     |                |     | — |     |                |     | — |     |                |     | — |

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(3) The amounts reported represent the average of the amounts reported for the non-PEO NEOs in the “Total” column of the 2024 Summary Compensation Table in each applicable year. The names of each of the non-PEO NEOs included for purposes of calculating the average amounts in each applicable year are as follows: Michelle Zatlyn, Thomas Seifert, and Douglas Kramer.

(4) The amounts reported represent the average amount of CAP to the non-PEO NEOs specified in footnote (3), as computed in accordance with SEC rules. These amounts do not reflect the actual average amount of compensation earned by or paid to the non-PEO NEOs during the applicable year. In accordance with Item 402(v) of Regulation S-K under the Securities Act, the following adjustments were made to average total compensation for the non-PEO NEOs for each year to determine the CAP, using the same methodology described above in footnote (2), including with respect to the remeasurement of compensation related to equity awards:

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