---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-113153"
form_type: "8-K/A"
ticker: "NET"
cik: "0001477333"
company_name: "Cloudflare, Inc."
filed_at: "2022-04-21T23:59:59+00:00"
generated_at: "2026-06-26T05:42:01.959746+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Cloudflare amends co-founder performance stock options, requires stockholder approval by Dec 2022

## Summary
- Compensation Committee approved amended Performance Awards on April 20, 2022, for CEO Matthew Prince and COO Michelle Zatlyn.
- Amended awards require majority vote of disinterested stockholders at 2022 annual/special meeting, or forfeiture by December 22, 2022.
- Each co-founder received a 10-year performance-based stock option covering 3,960,000 shares with stock price milestones from $156 to $979.
- If stockholder approval is not obtained by December 22, 2022, the performance awards will be immediately and automatically forfeited.
- The awards vest based on both stock price goals and continued service, with eight tranches and time-based vesting over six years.

## SEC filing metadata
- accession: 0001193125-22-113153
- form_type: 8-K/A
- ticker: NET
- cik: 0001477333
- company_name: Cloudflare, Inc.
- filed_at: 2022-04-21T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1477333/000119312522113153/0001193125-22-113153-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1477333/000119312522113153/d300038d8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-113153
- JSON: https://secwatch.observer/filing/0001193125-22-113153.json
- Plain text: https://secwatch.observer/filing/0001193125-22-113153.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.