Trust sells repeated 52,384-share blocks — Cloudflare (NET) filings

Rhea-AI Filing Summary

Cloudflare, Inc. related holder reported proposed and completed dispositions of Class A common stock under a Section 144 notice. The Matthew Prince Revocable Trust executed multiple sales of 52,384 shares on listed dates in 2026 with reported gross proceeds for each trade. The excerpt also lists prior acquisitions converted or received as compensation, including 448,545 shares acquired in 09/25/2009 (private conversion), 10,790 RSUs dated 04/19/2023, 7,290 RSUs dated 02/05/2025, and 4,831 performance awards dated 02/05/2025.

Insights

Securities Attorney

Section 144 notice documents affiliate sales and prior acquisitions.

The filing lists multiple market sales by a trust associated with an insider, each for 52,384 shares on specific dates in 2026, with per-trade gross proceeds reported in dollars. The record also shows shares acquired earlier via conversion and compensation awards.

Timing and proceeds are explicit for each sale; cash‑flow treatment is to the selling trust as shown. Subsequent filings would show any remaining shares or new dispositions.

Equity Markets Analyst

Repeated equal-size sales by the same trust indicate a structured disposal pattern.

The trust executed several identical-size trades of 52,384 shares on separate dates with reported dollar proceeds for each trade. This pattern can create predictable incremental supply in the market but the filing does not quantify remaining holdings or aggregate impact.

Assessing materiality requires the trust's total post-sale position, which is not provided in the excerpt.

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	471456	97746972.48	317576096	03/16/2026	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	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			448545	09/25/2009	None
Class A Common	04/19/2023	Acquired as compensation -- Restricted Stock Units	Issuer			10790	04/19/2023	Compensation
Class A Common	02/05/2025	Acquired as compensation -- Restricted Stock Units	Issuer			7290	02/05/2025	Compensation
Class A Common	02/05/2025	Acquired as compensation -- Performance Awards	Issuer			4831	02/05/2025	Compensation

* 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	02/26/2026	52384	9103401.53
The Matthew Prince Revocable Trust dtd 10/29/2015 101 Townsend Street San Francisco CA 94107	Class A Common	01/06/2026	52384	10202622.14
The Matthew Prince Revocable Trust dtd 10/29/2015 101 Townsend Street San Francisco CA 94107	Class A Common	01/07/2026	52384	10573427.53
The Matthew Prince Revocable Trust dtd 10/29/2015 101 Townsend Street San Francisco CA 94107	Class A Common	01/08/2026	52384	9925076
The Matthew Prince Revocable Trust dtd 10/29/2015 101 Townsend Street San Francisco CA 94107	Class A Common	02/25/2026	52384	8857369.59
The Matthew Prince Revocable Trust dtd 10/29/2015 101 Townsend Street San Francisco CA 94107	Class A Common	02/24/2026	52384	8598912.18

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 did the Form 144 for NET disclose about recent insider sales?

The filing shows the Matthew Prince Revocable Trust sold multiple blocks of 52,384 Class A shares on specific dates in 2026, with a dollar amount reported for each trade as gross proceeds.

How many shares does the filing show were acquired as compensation for NET insiders?

The excerpt lists compensation-related awards: 10,790 RSUs dated 04/19/2023, 7,290 RSUs dated 02/05/2025, and 4,831 performance awards dated 02/05/2025.

Does the Form 144 state how proceeds from the sales were used for NET?

No. The filing reports gross proceeds per trade to the selling trust; it does not state the use of proceeds by the trust or any cash flows to the issuer NET.

Are the 2009-acquired shares mentioned in the NET filing subject to conversion?

Yes. The filing notes 448,545 Class B shares originally acquired on 09/25/2009 were converted to Class A common shares in connection with sales, per the reported language.

Do these Form 144 entries indicate the seller is an affiliate of NET?

Yes. The Matthew Prince Revocable Trust is identified as the selling holder and the entries list prior issuer-originated acquisitions and compensation, consistent with affiliate status in the filing.