Cloudflare (NET) trust files Form 144 proposing multiple 52,384-share sales

Rhea-AI Filing Summary

An affiliate of NET (Cloudflare) reported proposed sales of Class A common stock via Form 144. The filing lists multiple proposed transactions of 52,384 shares executed on several dates in March–May 2026 with per-trade proceeds reported (examples show proceeds such as $11,586,864, $10,694,413, and others). The filing also itemizes share sources including 21,454 RSUs, 4,096 performance awards, and 131,602 originally acquired shares (2009 conversion basis).

Insights

Securities Compliance Expert

Form 144 reports multiple proposed sales by a trust affiliated with an insider.

The excerpt lists recurring proposed sales of 52,384 shares on specific dates in March–May 2026, with per‑trade gross proceeds shown in dollars. Form 144 is a notice of proposed sale under resale rules; it does not itself effect a sale.

Timing and final execution status are not shown in the excerpt; subsequent SEC filings or broker reports would show completed transactions.

Equity Compensation Analyst

Holding sources and award counts are disclosed alongside the proposed sales.

The filing identifies share sources: 21,454 Restricted Stock Units, 4,096 Performance Awards, and 131,602 shares originally acquired in 2009 that convert to Class A on sale. These line items explain provenance of the shares being offered.

Cash-flow treatment and whether sales occurred are not provided in the excerpt; monitoring follow-up filings will show actual dispositions.

Key Figures

Per-trade shares: 52,384 shares Example proceeds (trade): $11,586,864.11 Example proceeds (trade): $10,694,413.61 +3 more

6 metrics

Per-trade shares 52,384 shares proposed sale tranches on various dates in March–May 2026

Example proceeds (trade) $11,586,864.11 proceeds reported for a 52,384-share trade on <date>03/18/2026</date>

Example proceeds (trade) $10,694,413.61 proceeds reported for a 52,384-share trade on <date>05/19/2026</date>

RSUs listed 21,454 shares Acquired as compensation — Restricted Stock Units dated <date>05/15/2026</date>

Performance awards listed 4,096 shares Acquired as compensation — Performance Awards dated <date>05/15/2026</date>

Originally acquired shares (conversion) 131,602 shares Class B shares originally acquired <date>09/25/2009</date>, to be converted to Class A on sale

Key Terms

Form 144, Restricted Stock Units, Performance Awards, Revocable Trust

4 terms

Form 144 regulatory

"The excerpt lists multiple proposed transactions and per-trade proceeds under Form 144"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

Restricted Stock Units financial

"Acquired as compensation -- Restricted Stock Units | 21,454 | 05/15/2026"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Performance Awards financial

"Acquired as compensation -- Performance Awards | 4,096 | 05/15/2026"

Revocable Trust legal

"The Matthew Prince Revocable Trust dtd 10/29/2015 appears as the selling party"

A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.

FAQ

What does the Form 144 filed for NET indicate?

The Form 144 indicates proposed resale transactions of Class A common stock by an affiliate. The filing lists multiple proposed sales of 52,384 shares on various dates in March–May 2026, with dollar amounts shown per trade.

Who is the selling party in the NET Form 144?

The selling party is identified as The Matthew Prince Revocable Trust dtd 10/29/2015. The filing shows that trust as the source of multiple proposed sales of 52,384 shares on specific dates in 2026.

How many shares from awards or grants are listed in the filing?

The filing itemizes share sources including 21,454 Restricted Stock Units and 4,096 Performance Awards, both dated 05/15/2026, listed as acquired as compensation by the issuer.

Do the Form 144 entries mean the shares have been sold?

No. Form 144 is a notice of proposed sale under resale rules and does not confirm completion. The excerpt shows proposed sale dates and reported proceeds per tranche; executed sale confirmations would appear in trade records or follow-up filings.

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

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Available on EDGAR 06/22/2026 - 05:58 PM Accepted by SEC EDGAR 06/22/2026 - 05:58 PM 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
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
Class A Common	Goldman Sachs & Co. LLC 200 West Street New York NY 10282	157152	34318853.76	319528379	06/22/2026	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 *
Class A Common	05/15/2026	Acquired as compensation -- Restricted Stock Units	Issuer			21454	05/15/2026	Compensation
Class A Common	05/15/2026	Acquired as compensation -- Performance Awards	Issuer			4096	05/15/2026	Compensation
Class A Common	09/25/2009	Originally acquired Class B common shares from Issuer in private transaction; Class B common shares to be converted to Class A common shares in connection with any sales.	Issuer			131602	09/25/2009	None

* 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
The Matthew Prince Revocable Trust dtd 10/29/2015 101 Townsend Street San Francisco CA 94107	Class A Common	03/18/2026	52384	11586864.11
The Matthew Prince Revocable Trust dtd 10/29/2015 101 Townsend Street San Francisco CA 94107	Class A Common	05/19/2026	52384	10694413.61
The Matthew Prince Revocable Trust dtd 10/29/2015 101 Townsend Street San Francisco CA 94107	Class A Common	03/17/2026	52384	11118545.91
The Matthew Prince Revocable Trust dtd 10/29/2015 101 Townsend Street San Francisco CA 94107	Class A Common	05/21/2026	52384	11035223.92
The Matthew Prince Revocable Trust dtd 10/29/2015 101 Townsend Street San Francisco CA 94107	Class A Common	04/06/2026	52384	11001886.74
The Matthew Prince Revocable Trust dtd 10/29/2015 101 Townsend Street San Francisco CA 94107	Class A Common	04/07/2026	52384	11117739.19
The Matthew Prince Revocable Trust dtd 10/29/2015 101 Townsend Street San Francisco CA 94107	Class A Common	05/20/2026	52384	10877322.83
The Matthew Prince Revocable Trust dtd 10/29/2015 101 Townsend Street San Francisco CA 94107	Class A Common	03/16/2026	52384	10952446.72
The Matthew Prince Revocable Trust dtd 10/29/2015 101 Townsend Street San Francisco CA 94107	Class A Common	04/08/2026	52384	11195513.72

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)