[144] Cloudflare, Inc. SEC Filing

Rhea-AI Filing Summary

A shareholder of the NET issuer has filed a notice to sell 2,031 shares of common stock under Rule 144. The planned sale is to be executed through Morgan Stanley Smith Barney LLC on the NYSE, with an aggregate market value of $406,200. The issuer reports 315,250,214 common shares outstanding. The seller acquired the 2,031 shares as restricted stock from the issuer on May 15, 2023, with payment made the same day. Over the past three months, the same shareholder sold 2,031 common shares on November 19, 2025, generating gross proceeds of $398,847.78.

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	2031	406200.00	315250214	12/22/2025	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	05/15/2023	Restricted Stock	Issuer			2031	05/15/2023	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
KATRIN SUSANNE SUDER 101 TOWNSEND ST. SAN FRANCISCO CA 94107	Common	11/19/2025	2031	398847.78

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 insider transaction is disclosed for NET in this Form 144?

The notice discloses that a shareholder of the NET issuer intends to sell 2,031 shares of common stock under Rule 144 through Morgan Stanley Smith Barney LLC on the NYSE.

What is the value of the NET shares planned to be sold under Rule 144?

The filing reports an aggregate market value of $406,200 for the planned sale of 2,031 NET common shares.

How many NET shares are currently outstanding according to this filing?

The issuer states that there are 315,250,214 shares of common stock outstanding at the time of this notice.

How and when were the NET shares to be sold originally acquired?

The 2,031 NET common shares were acquired on May 15, 2023 as restricted stock from the issuer, with payment also dated May 15, 2023.

Were there any NET shares sold by this person in the last three months?

Yes. Over the past three months, the person sold 2,031 NET common shares on November 19, 2025, generating $398,847.78 in gross proceeds.

What representation does the NET shareholder make about non-public information?

By signing the notice, the person represents that they do not know any material adverse information about the issuer’s current or prospective operations that has not been publicly disclosed.

Which exchange will the NET Rule 144 sale use and who is the broker?

The planned Rule 144 sale of NET common stock is to occur on the NYSE, using Morgan Stanley Smith Barney LLC as broker.