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Is Cloudflare (NET) splitting it's stock? Confused about this proxy vote item
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Investor asks how Cloudflare's proposed Class C stock split will affect holdings, comparing it to Alphabet's dual-class structure.
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Received the usual request to vote your shares for the upcoming meeting and saw this as one of the items:
4D. Approval and adoption of amendments to implement a stock split in which (i) each share of Class A common stock would become one share of Class A common stock and one share of Class C common stock; and (ii) each share of Class B common stock would become one share of Class B common stock and one share of Class C common stock
As a retail investor in NET, how would this affect me? If I have 100 shares of NET, would I receive another 100 shares of NET(C), something like how GOOG and GOOGL are set up?
Thanks!
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