[144] Cloudflare, Inc. SEC Filing

Rhea-AI Filing Summary

This Form 144 notice indicates the proposed sale of 1,000 shares of common stock through Morgan Stanley Smith Barney LLC on 10/01/2025 with an aggregate market value of $212,830.00. The shares were acquired as restricted stock from the issuer on 06/02/2023 and fully paid on that date. The filing lists 348,481,587 shares outstanding, showing the position is a very small fraction of outstanding stock. The document also records a prior sale by Mark Hawkins of 1,000 shares on 09/02/2025 for $201,600.00. The filer certifies no undisclosed material adverse information and acknowledges criminal penalties for false statements.

Insights

Financial Analyst

TL;DR Filing reports a small insider sale of 1,000 shares, immaterial versus total outstanding shares.

The proposed sale of 1,000 shares valued at $212,830 against 348.5 million shares outstanding represents a de minimis dilution or insider disposition and is unlikely to affect market valuation. The shares were restricted stock acquired in 2023, which indicates they were subject to prior transfer limitations that have been satisfied. The presence of a near-term prior sale of 1,000 shares for $201,600 suggests routine insider liquidity rather than a material change in ownership.

Corporate Governance Expert

TL;DR The Form 144 complies with Rule 144 disclosure for a routine insider sale; no governance red flags evident in the text.

The notice includes broker details, acquisition method (restricted stock), and the filers attestation of no undisclosed material adverse information, aligning with Rule 144 procedural requirements. No accelerated or unexplained trading pattern is documented within this filing. Given the small size relative to total shares outstanding, this transaction appears routine and does not raise immediate governance concerns based on the provided content.

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	1000	212830.00	348481587	10/01/2025	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	06/02/2023	Restricted Stock	ISSUER			1000	06/02/2023	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
MARK HAWKINS 101 TOWNSEND ST. SAN FRANCISCO CA 94107	Common	09/02/2025	1000	201600.00

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

What does the Form 144 for NET report?

The filing reports a proposed sale of 1,000 common shares through Morgan Stanley Smith Barney LLC on 10/01/2025 with aggregate market value $212,830.00.

How and when were the shares being sold acquired?

The shares were acquired as restricted stock from the issuer on 06/02/2023 and payment was recorded on that date.

Does the filing show any recent sales by the same person?

Yes; the filing records that Mark Hawkins sold 1,000 shares on 09/02/2025 for $201,600.00.

How material is this sale relative to total outstanding shares?

The filing lists 348,481,587 shares outstanding; 1,000 shares represent a negligible fraction of total outstanding stock.

What attestation does the filer make on Form 144?

The filer represents they do not know of any material adverse information about the issuer that is not publicly disclosed and acknowledges legal penalties for false statements.