Cloudflare NET Form 144 shows $398.8K planned insider share sale
Rhea-AI Filing Summary
Cloudflare, Inc. (NET) has a beneficial owner filing a notice of proposed sale of restricted shares under Rule 144. The filer plans to sell 2,031 shares of Cloudflare common stock through Morgan Stanley Smith Barney LLC on the NYSE, with an indicated aggregate market value of $398,847.78. The filing notes that Cloudflare had 315,250,214 shares of common stock outstanding at the time of the notice, providing context for the size of this planned sale. The shares to be sold were acquired from the issuer as restricted stock on 05/15/2023, with payment made on the same date. The filer represents that they are not aware of any undisclosed material adverse information about Cloudflare.
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FAQ
Which broker is handling the Cloudflare (NET) Rule 144 sale?
The filing names Morgan Stanley Smith Barney LLC Executive Financial Services, located at 1 New York Plaza, 8th Floor, New York, NY 10004, as the broker for the planned sale on the NYSE.
Does the NET Form 144 mention undisclosed adverse information about the company?
The signer represents that they do not know any material adverse information about Cloudflare’s current or prospective operations that has not been publicly disclosed, as required in the Form 144 certification.