Form 144: Affiliate sells 12,000 NET shares in May

Morgan Stanley Smith Barney LLC submitted a Form 144 reporting proposed sales of Common Stock by an affiliate, with recent dispositions listed.

Rhea-AI Filing Summary

Morgan Stanley Smith Barney LLC submitted a Form 144 reporting proposed sales of Common Stock by an affiliate, with recent dispositions listed. The filing lists two completed dispositions by Douglas Kramer: 6,000 shares on 05/18/2026 for $1,207,140.00 and 6,000 shares on 05/11/2026 for $1,191,738.60. The filing also itemizes multiple restricted stock lots (dates and share counts) held by the issuer, and references an aggregate figure of 18,000 in the securities section. The document is a routine resale notice under Form 144 by an affiliate.

Insights

Securities Compliance Analyst

Form 144 notice of affiliate resale with recent small-dollar dispositions by Douglas Kramer.

The filing records proposed or completed resale activity under Form 144, listing two dispositions of 6,000 shares each on 05/11/2026 and 05/18/2026 with dollar amounts shown. It also lists multiple restricted stock grant lots and an aggregate display of 18,000 in the securities section.

Regulatory impact is routine: these notices document broker-handled affiliate sales and required information for exemption reliance. Subsequent transfer confirmations or broker records would complete the resale record; timing and further activity are not detailed in the excerpt.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does Morgan Stanley Smith Barney LLC's Form 144 for NET show?

It reports proposed or completed affiliate sales of Common Stock, including two dispositions by Douglas Kramer. The filing lists 6,000 shares on 05/11/2026 for $1,191,738.60 and 6,000 shares on 05/18/2026 for $1,207,140.00, plus restricted stock line items.

Who executed the recent share sales reported in the Form 144?

Douglas Kramer is named as the seller for the two listed dispositions. The filing gives an address for Kramer and records the two 6,000-share transactions with the corresponding dollar amounts and dates in May 2026.

Does the Form 144 show restricted stock holdings or grants?

Yes; the filing itemizes multiple restricted stock lots with grant dates and share counts. Several entries dated 02/15/2025, 05/15/2025, and 11/15/2024 list restricted Common stock quantities assigned to the issuer.

What dollar values are disclosed for the recent transactions?

Two transaction values are shown: $1,191,738.60 and $1,207,140.00. These correspond to sales of 6,000 shares on 05/11/2026 and 05/18/2026, respectively, as listed in the filing.

Is the filing material or routine for investors in NET?

This Form 144 is a routine affiliate resale filing that documents proposed or completed sales. It records specific transactions and restricted stock lots but does not by itself change company financials or governance in the excerpt provided.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/26/2026 - 04:08 PM EDT Learn about SEC filing dates

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	0001787168
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	CLOUDFLARE, INC.
SEC File Number	001-39039
Address of Issuer	101 Townsend Street San Francisco CALIFORNIA 94107
Phone	(888) 993-5273
Name of Person for Whose Account the Securities are To Be Sold	DOUGLAS KRAMER
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	Officer

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	18000	3933140.40	319528350	05/26/2026	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	02/15/2025	Restricted Stock	Issuer			691	02/15/2025	Not Applicable
Common	02/15/2025	Restricted Stock	Issuer			3835	02/15/2025	Not Applicable
Common	02/15/2025	Restricted Stock	Issuer			912	02/15/2025	Not Applicable
Common	02/15/2025	Restricted Stock	Issuer			4261	02/15/2025	Not Applicable
Common	05/15/2025	Restricted Stock	Issuer			706	05/15/2025	Not Applicable
Common	05/15/2025	Restricted Stock	Issuer			692	05/15/2025	Not Applicable
Common	05/15/2025	Restricted Stock	Issuer			4261	05/15/2025	Not Applicable
Common	11/15/2024	Restricted Stock	Issuer			2642	11/15/2024	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 Street San Francisco CA 94107	Common	05/18/2026	6000	1207140.00
DOUGLAS KRAMER 101 Townsend Street San Francisco CA 94107	Common	05/11/2026	6000	1191738.60

144: Remarks and Signature

Remarks
Date of Notice	05/26/2026
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	/s/ Douglas James Kramer
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)