{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-21-246066","form_type":"8-K","ticker":"NET","cik":"0001477333","company_name":"Cloudflare, Inc.","filed_at":"2021-08-13T23:59:59+00:00","discovered_at":"2026-05-14T18:04:18.218270+00:00","generated_at":"2026-06-29T11:14:47.076351+00:00","sec_items":["1.01","2.03","3.02","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Cloudflare prices $1.125B 0% convertible notes due 2026; exchanges $400M of 2025 notes","bullets":["Offering upsized from $1B to $1.125B; initial conversion price ~$191.34 per share (52.5% premium to $125.47 close).","Net proceeds ~$1,108M; ~$75M used for capped call transactions, ~$400.7M to exchange 2025 notes.","Exchange of $400M aggregate principal of 0.75% 2025 notes for cash and 7,558,509 shares; $175M of 2025 notes remain.","Capped call transactions with strike ~$191.34 and cap ~$250.94 reduce dilution on conversion; expire over 40 days through Aug 2026.","Notes mature Aug 15, 2026; redeemable after Aug 20, 2024 if stock price ≥130% of conversion price for 20 of 30 trading days."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-21-246066","json":"https://secwatch.observer/filing/0001193125-21-246066.json","markdown":"https://secwatch.observer/filing/0001193125-21-246066.md","text":"https://secwatch.observer/filing/0001193125-21-246066.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1477333/000119312521246066/0001193125-21-246066-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1477333/000119312521246066/d181190d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-29T11:14:47.076351+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}