{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-21-367029","form_type":"8-K","ticker":"NET","cik":"0001477333","company_name":"Cloudflare, Inc.","filed_at":"2021-12-27T23:59:59+00:00","discovered_at":"2026-05-14T18:04:12.692495+00:00","generated_at":"2026-06-27T22:18:14.006974+00:00","sec_items":["8.01","9.01"],"event_type":"other","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Cloudflare grants 10-year performance stock options to co-founders; stock price targets up to $979","bullets":["Co-founders Prince (CEO) and Zatlyn (COO) each receive an option for 3.96M shares (1.22% of outstanding).","Options vest upon stock price milestones: first at $156, final at $979 (~616% above $136.81 grant-date close).","Subject to disinterested stockholder approval at 2022 meeting; forfeited if not approved by Dec 22, 2022.","Options expire Dec 21, 2031; exercise price $136.81; 10-year term; eight tranches back-weighted for higher targets.","Compensation Committee set targets based on $120 share price (stock was ~$54 when planning began)."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-21-367029","json":"https://secwatch.observer/filing/0001193125-21-367029.json","markdown":"https://secwatch.observer/filing/0001193125-21-367029.md","text":"https://secwatch.observer/filing/0001193125-21-367029.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1477333/000119312521367029/0001193125-21-367029-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1477333/000119312521367029/d239536d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-27T22:18:14.006974+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"}