[144] Cloudflare, Inc. Class A common stock, par value $0.001 per share SEC Filing

Rhea-AI Filing Summary

Cloudflare (NET) executive Thomas J. Seifert filed a Form 144 notice for the proposed sale of 10,000 shares of common stock with an aggregate market value of $1,814,000. The shares were acquired through stock option exercises on June 20, 2025, and are planned to be sold through Morgan Stanley Smith Barney LLC on the NYSE.

The filing reveals previous sales by Seifert under a 10b5-1 trading plan in the past 3 months:

• May 20, 2025: 41,556 shares sold for $6,515,116.44
• April 25, 2025: 10,000 shares sold for $1,201,354.00

The company currently has 310,553,791 shares outstanding. This Form 144 represents Seifert's declaration that he has no knowledge of material adverse non-public information about Cloudflare's operations. The planned sale represents approximately 0.003% of total shares outstanding.

Positive

• None.

Negative

• CFO Thomas Seifert has sold significant amounts over past 3 months: 51,556 shares totaling approximately $7.7M through 10b5-1 plan sales
• Additional planned sale of 10,000 shares worth $1.81M indicates continued selling pressure from key executive

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	10000	1814000.00	310553791	06/20/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	06/20/2025	Exercise of Stock Options	Issuer			10000	06/20/2025	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
10b5-1 Sales Plan for THOMAS J SEIFERT 101 Townsend Street San Francisco CA 94107	Common	05/20/2025	41556	6515116.44
10b5-1 Sales Plan for THOMAS J SEIFERT 101 Townsend Street San Francisco CA 94107	Common	04/25/2025	10000	1201354.00

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

How many shares of NET stock is being sold according to the June 2025 Form 144?

According to the Form 144 filing dated June 28, 2025, the proposed sale involves 10,000 shares of Cloudflare (NET) common stock with an aggregate market value of $1,814,000.00, to be executed through Morgan Stanley Smith Barney LLC.

What is the total value of NET shares sold by Thomas Seifert in the past 3 months before June 2025?

According to the filing, Thomas Seifert sold a total of 51,556 shares in the past 3 months through his 10b5-1 Sales Plan, with transactions of 41,556 shares on May 20, 2025 ($6,515,116.44) and 10,000 shares on April 25, 2025 ($1,201,354.00), totaling approximately $7.72 million in gross proceeds.

How were the NET shares acquired that are being sold in this Form 144?

The shares being sold were acquired through an exercise of stock options from the Issuer on June 20, 2025. The payment was made in cash on the same date for 10,000 shares.

What is the current number of outstanding NET shares according to the June 2025 Form 144?

According to the Form 144 filing, Cloudflare (NET) has 310,553,791 shares outstanding as of June 2025.

When is the approximate date of sale for the NET shares in this Form 144?

The Form 144 indicates that the approximate date of sale for the 10,000 shares is June 20, 2025, to be executed on the NYSE.