X0206 3 2019-09-12 0 0001477333 Cloudflare, Inc. NET 0001598312 Underwood Paul D. C/O CLOUDFLARE, INC. 101 TOWNSEND STREET SAN FRANCISCO CA 94107 0 1 0 0 Chief Accounting Officer Employee Stock Option (right to buy) 9.97 2029-05-22 Class B Common Stock 120000 D Employee Stock Option (right to buy) 9.97 2029-05-22 Class B Common Stock 120000 D The option is subject to an early exercise provision and is immediately exercisable. 1/4th of the shares vest on March 11, 2020 and 1/16th of the shares vest in 12 equal quarterly installments thereafter. Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at the reporting person's election and has no expiration date. The option is subject to an early exercise provision and is immediately exercisable. Shares subject to the option vest in 48 equal monthly installments beginning on March 31, 2020. Exhibit 24 - Power of Attorney /s/ Douglas Kramer, by power of attorney 2019-09-12