Well, in the Google Zero Project issue ticket, the engineer said he felt Cloudflare tried to downplay the severity and it took them extra days and a lot of demanding from Google Zero Project team to finally get a draft (which from a legal and a company reputation PoV that makes sense; you need a lot of eyes on the draft before going out to the public).

I think not every "leak" is sensitive, but there are definitely instances Cf and Google both found very sensitive information.