NET insider files Form 144 to sell 3,000 shares on 11/03/2025

Rhea-AI Filing Summary

Cloudflare (NET) filed a Form 144 notice for a proposed sale of 3,000 shares of common stock. The filing lists Morgan Stanley Smith Barney LLC Executive Financial Services as broker, an aggregate market value of $766,599.30, and an approximate sale date of 11/03/2025 on the NYSE.

The shares were acquired as Restricted Stock from the issuer on 02/15/2024 in the amount of 3,000. Shares outstanding are noted as 315,250,214. In the past three months, the filing shows sales by Douglas Kramer of 9,000 shares on 10/01/2025 for $1,921,309.50 and 3,000 shares on 09/02/2025 for $606,304.20.

Insights

Securities law & capital markets analyst

Routine Form 144 notice for planned insider share sale.

This Form 144 indicates an intent to sell 3,000 Cloudflare common shares with an $766,599.30 aggregate market value via Morgan Stanley Smith Barney LLC Executive Financial Services, targeting 11/03/2025 on the NYSE. The shares were acquired as Restricted Stock on 02/15/2024.

The notice also lists recent sales by Douglas Kramer: 9,000 shares on 10/01/2025 for $1,921,309.50 and 3,000 on 09/02/2025 for $606,304.20. Form 144 filings are administrative and do not themselves execute sales; actual activity depends on market conditions and seller decisions.

Investors typically read these as routine liquidity events. The document notes 315,250,214 shares outstanding, which provides baseline scale but does not change the transaction terms.

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	3000	766599.30	315250214	11/03/2025	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	02/15/2024	Restricted Stock	ISSUER			3000	02/15/2024	Not Applicable

* 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
DOUGLAS KRAMER 101 TOWNSEND ST. SAN FRANCISCO CA 94107	Common	10/01/2025	9000	1921309.50
DOUGLAS KRAMER 101 TOWNSEND ST. SAN FRANCISCO CA 94107	Common	09/02/2025	3000	606304.20

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

What did Cloudflare (NET) disclose in this Form 144?

An intended sale of 3,000 common shares with an aggregate market value of $766,599.30, to be sold on the NYSE.

When is the approximate sale date for the NET shares under this notice?

The filing lists an approximate sale date of 11/03/2025.

Who is the broker for the planned NET share sale?

The broker is Morgan Stanley Smith Barney LLC Executive Financial Services.

How many Cloudflare shares are outstanding according to the filing?

The filing notes 315,250,214 shares outstanding.

How and when were the shares to be sold acquired?

They were acquired as Restricted Stock from the issuer on 02/15/2024 in the amount of 3,000 shares.

What recent NET share sales are disclosed for the past three months?

Sales by Douglas Kramer include 9,000 shares on 10/01/2025 for $1,921,309.50 and 3,000 on 09/02/2025 for $606,304.20.