Cloudflare (NET) holder files to sell 9,000 shares under Rule 144

Rhea-AI Filing Summary

A shareholder of Cloudflare, Inc. (NET) has filed a notice of proposed sale under Rule 144 for 9,000 shares of common stock through Morgan Stanley Smith Barney LLC on the NYSE. The filing lists an aggregate market value of $1,786,860.90 for these shares and notes that 315,250,214 shares of common stock were outstanding. The shares to be sold were acquired from the issuer as restricted stock on May 15, 2024 and August 15, 2024, totaling 3,429 and 5,571 shares, respectively. The same individual sold 3,000 shares of common stock on November 3, 2025 for $766,599.30 and another 3,000 shares on December 1, 2025 for $590,508.60. The signer represents that they are not aware of undisclosed material adverse information about the company.

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	9000	1786860.90	315250214	01/02/2026	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	08/15/2024	Restricted Stock	Issuer			5571	08/15/2024	Not Applicable
Common	05/15/2024	Restricted Stock	Issuer			3429	05/15/2024	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	12/01/2025	3000	590508.60
DOUGLAS KRAMER 101 TOWNSEND ST. SAN FRANCISCO CA 94107	Common	11/03/2025	3000	766599.30

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 Cloudflare (NET) in this Rule 144 notice?

The notice discloses a proposed sale of 9,000 shares of Cloudflare common stock under Rule 144, to be executed through Morgan Stanley Smith Barney LLC on the NYSE.

What is the market value of the Cloudflare (NET) shares planned for sale?

The filing reports an aggregate market value of $1,786,860.90 for the 9,000 common shares that are planned to be sold.

How many Cloudflare (NET) shares were outstanding as referenced in this filing?

The document states that there were 315,250,214 shares of Cloudflare common stock outstanding at the time referenced in the notice.

When and how were the Cloudflare (NET) shares being sold under Rule 144 acquired?

The shares were acquired from the issuer as restricted stock, with 5,571 shares acquired on August 15, 2024 and 3,429 shares acquired on May 15, 2024. The consideration is described as Not Applicable, indicating no separate cash purchase terms in the table.

What prior Cloudflare (NET) share sales by the same person are disclosed in the past 3 months?

The filing lists two prior sales of 3,000 Cloudflare common shares each, one on November 3, 2025 for $766,599.30 and another on December 1, 2025 for $590,508.60.

What representation does the seller make about Cloudflare (NET) in this Rule 144 notice?

By signing, the person for whose account the securities are to be sold represents that they do not know any material adverse information about Cloudflare’s current or prospective operations that has not been publicly disclosed.