STOCK TITAN

[Form 4] Cloudflare, Inc. Class A common stock, par value $0.001 per share Insider Trading Activity

Filing Impact
(High)
Filing Sentiment
(Very Negative)
Form Type
4
Rhea-AI Filing Summary

Form 4 filing – DHI Group, Inc. (DHX)

Company officer Alexander Schildt, President of ClearanceJobs, reported an automatic disposition of 959 common shares on 25 July 2025. The transaction was coded “F,” indicating the shares were withheld by the issuer solely to cover tax obligations triggered by the vesting of a restricted-stock award. The withholding price was $2.78 per share.

Following the tax-related withholding, Schildt’s direct beneficial ownership stands at 103,410 DHX shares. This figure includes 1,306 shares acquired through the company’s Employee Stock Purchase Plan on 30 June 2025, which were bought at 85 % of the 2 January 2025 closing price, as permitted under the ESPP.

No derivative securities were reported, and no open-market purchases or sales were executed. The filing represents routine insider administration rather than an elective change in investment stance.

Dichiarazione Modulo 4 – DHI Group, Inc. (DHX)

L’ufficiale aziendale Alexander Schildt, Presidente di ClearanceJobs, ha segnalato una disposizione automatica di 959 azioni ordinarie in data 25 luglio 2025. La transazione è stata codificata come “F”, indicando che le azioni sono state trattenute dall’emittente esclusivamente per coprire obblighi fiscali derivanti dal vesting di un premio in azioni vincolate. Il prezzo di ritenuta è stato di 2,78 $ per azione.

Dopo la trattenuta fiscale, la proprietà diretta di Schildt è pari a 103.410 azioni DHX. Questa cifra include 1.306 azioni acquisite tramite il Piano di Acquisto Azionario per Dipendenti dell’azienda il 30 giugno 2025, acquistate al 85% del prezzo di chiusura del 2 gennaio 2025, come previsto dal piano ESPP.

Non sono stati segnalati titoli derivati né sono state effettuate operazioni di acquisto o vendita sul mercato aperto. La dichiarazione riflette una gestione interna di routine e non un cambiamento volontario nella strategia di investimento.

Presentación del Formulario 4 – DHI Group, Inc. (DHX)

El oficial de la empresa Alexander Schildt, Presidente de ClearanceJobs, reportó una disposición automática de 959 acciones ordinarias el 25 de julio de 2025. La transacción fue codificada como “F”, indicando que las acciones fueron retenidas por el emisor únicamente para cubrir obligaciones fiscales derivadas del otorgamiento de una concesión de acciones restringidas. El precio de retención fue de $2.78 por acción.

Después de la retención fiscal, la propiedad directa beneficiosa de Schildt es de 103,410 acciones DHX. Esta cifra incluye 1,306 acciones adquiridas a través del Plan de Compra de Acciones para Empleados de la empresa el 30 de junio de 2025, compradas al 85 % del precio de cierre del 2 de enero de 2025, según lo permitido por el ESPP.

No se reportaron valores derivados ni se realizaron compras o ventas en el mercado abierto. La presentación representa una administración interna rutinaria y no un cambio voluntario en la postura de inversión.

Form 4 제출 – DHI Group, Inc. (DHX)

회사 임원인 ClearanceJobs 사장 Alexander Schildt가 2025년 7월 25일959주의 보통주 자동 처분을 보고했습니다. 거래는 “F” 코드로 표시되었으며, 이는 제한주식 수여의 권리확정으로 발생한 세금 의무를 충당하기 위해 발행자가 주식을 원천징수했음을 의미합니다. 원천징수 가격은 주당 $2.78였습니다.

세금 관련 원천징수 이후 Schildt의 직접적 실소유 주식은 103,410주 DHX입니다. 이 수치에는 2025년 6월 30일 회사 직원 주식 구매 계획(ESPP)을 통해 취득한 1,306주가 포함되며, 이는 2025년 1월 2일 종가의 85% 가격으로 구매된 것입니다.

파생 증권은 보고되지 않았으며, 공개 시장에서의 매매도 없었습니다. 이번 제출은 투자 입장 변경이 아닌 일상적인 내부 관리 절차입니다.

Dépôt du formulaire 4 – DHI Group, Inc. (DHX)

Le dirigeant de l’entreprise Alexander Schildt, président de ClearanceJobs, a déclaré une cession automatique de 959 actions ordinaires le 25 juillet 2025. La transaction a été codée « F », indiquant que les actions ont été retenues par l’émetteur uniquement pour couvrir les obligations fiscales liées à l’acquisition définitive d’une attribution d’actions restreintes. Le prix de retenue était de 2,78 $ par action.

Après cette retenue fiscale, la propriété directe bénéficiaire de Schildt s’élève à 103 410 actions DHX. Ce chiffre inclut 1 306 actions acquises via le Plan d’Achat d’Actions des Employés de la société le 30 juin 2025, achetées à 85 % du cours de clôture du 2 janvier 2025, conformément aux règles du plan ESPP.

Aucun titre dérivé n’a été déclaré, et aucune opération d’achat ou de vente sur le marché ouvert n’a été effectuée. Ce dépôt reflète une gestion interne de routine plutôt qu’un changement volontaire de stratégie d’investissement.

Formular 4 Einreichung – DHI Group, Inc. (DHX)

Unternehmensleiter Alexander Schildt, Präsident von ClearanceJobs, meldete am 25. Juli 2025 eine automatische Veräußerung von 959 Stammaktien. Die Transaktion wurde mit „F“ codiert, was darauf hinweist, dass die Aktien vom Emittenten ausschließlich zur Deckung steuerlicher Verpflichtungen einbehalten wurden, die durch die Vesting-Bedingungen einer Restricted-Stock-Auszeichnung ausgelöst wurden. Der Einbehaltungswert betrug 2,78 $ pro Aktie.

Nach der steuerbedingten Einbehaltung beträgt Schildts direkte wirtschaftliche Eigentümerschaft 103.410 DHX-Aktien. Diese Zahl umfasst 1.306 Aktien, die am 30. Juni 2025 im Rahmen des Mitarbeiter-Aktienkaufplans (ESPP) erworben wurden, und zwar zu 85 % des Schlusskurses vom 2. Januar 2025, wie es der ESPP erlaubt.

Es wurden keine Derivate gemeldet, und es fanden keine Käufe oder Verkäufe am offenen Markt statt. Die Einreichung stellt eine routinemäßige Insider-Verwaltung dar und keine freiwillige Änderung der Investitionsstrategie.

Positive
  • None.
Negative
  • None.

Insights

TL;DR: Routine tax withholding; ownership still strong; neutral market signal.

The Code F disposition shows that 959 shares were surrendered to satisfy taxes on vested RSUs rather than sold for cash. Post-transaction holdings of 103.4 k shares suggest the executive maintains a meaningful equity stake, aligning incentives with shareholders. With no open-market selling pressure or derivative activity, the filing carries minimal valuation impact. Insider ownership remains unchanged in economic terms, so I view the event as operationally neutral.

Dichiarazione Modulo 4 – DHI Group, Inc. (DHX)

L’ufficiale aziendale Alexander Schildt, Presidente di ClearanceJobs, ha segnalato una disposizione automatica di 959 azioni ordinarie in data 25 luglio 2025. La transazione è stata codificata come “F”, indicando che le azioni sono state trattenute dall’emittente esclusivamente per coprire obblighi fiscali derivanti dal vesting di un premio in azioni vincolate. Il prezzo di ritenuta è stato di 2,78 $ per azione.

Dopo la trattenuta fiscale, la proprietà diretta di Schildt è pari a 103.410 azioni DHX. Questa cifra include 1.306 azioni acquisite tramite il Piano di Acquisto Azionario per Dipendenti dell’azienda il 30 giugno 2025, acquistate al 85% del prezzo di chiusura del 2 gennaio 2025, come previsto dal piano ESPP.

Non sono stati segnalati titoli derivati né sono state effettuate operazioni di acquisto o vendita sul mercato aperto. La dichiarazione riflette una gestione interna di routine e non un cambiamento volontario nella strategia di investimento.

Presentación del Formulario 4 – DHI Group, Inc. (DHX)

El oficial de la empresa Alexander Schildt, Presidente de ClearanceJobs, reportó una disposición automática de 959 acciones ordinarias el 25 de julio de 2025. La transacción fue codificada como “F”, indicando que las acciones fueron retenidas por el emisor únicamente para cubrir obligaciones fiscales derivadas del otorgamiento de una concesión de acciones restringidas. El precio de retención fue de $2.78 por acción.

Después de la retención fiscal, la propiedad directa beneficiosa de Schildt es de 103,410 acciones DHX. Esta cifra incluye 1,306 acciones adquiridas a través del Plan de Compra de Acciones para Empleados de la empresa el 30 de junio de 2025, compradas al 85 % del precio de cierre del 2 de enero de 2025, según lo permitido por el ESPP.

No se reportaron valores derivados ni se realizaron compras o ventas en el mercado abierto. La presentación representa una administración interna rutinaria y no un cambio voluntario en la postura de inversión.

Form 4 제출 – DHI Group, Inc. (DHX)

회사 임원인 ClearanceJobs 사장 Alexander Schildt가 2025년 7월 25일959주의 보통주 자동 처분을 보고했습니다. 거래는 “F” 코드로 표시되었으며, 이는 제한주식 수여의 권리확정으로 발생한 세금 의무를 충당하기 위해 발행자가 주식을 원천징수했음을 의미합니다. 원천징수 가격은 주당 $2.78였습니다.

세금 관련 원천징수 이후 Schildt의 직접적 실소유 주식은 103,410주 DHX입니다. 이 수치에는 2025년 6월 30일 회사 직원 주식 구매 계획(ESPP)을 통해 취득한 1,306주가 포함되며, 이는 2025년 1월 2일 종가의 85% 가격으로 구매된 것입니다.

파생 증권은 보고되지 않았으며, 공개 시장에서의 매매도 없었습니다. 이번 제출은 투자 입장 변경이 아닌 일상적인 내부 관리 절차입니다.

Dépôt du formulaire 4 – DHI Group, Inc. (DHX)

Le dirigeant de l’entreprise Alexander Schildt, président de ClearanceJobs, a déclaré une cession automatique de 959 actions ordinaires le 25 juillet 2025. La transaction a été codée « F », indiquant que les actions ont été retenues par l’émetteur uniquement pour couvrir les obligations fiscales liées à l’acquisition définitive d’une attribution d’actions restreintes. Le prix de retenue était de 2,78 $ par action.

Après cette retenue fiscale, la propriété directe bénéficiaire de Schildt s’élève à 103 410 actions DHX. Ce chiffre inclut 1 306 actions acquises via le Plan d’Achat d’Actions des Employés de la société le 30 juin 2025, achetées à 85 % du cours de clôture du 2 janvier 2025, conformément aux règles du plan ESPP.

Aucun titre dérivé n’a été déclaré, et aucune opération d’achat ou de vente sur le marché ouvert n’a été effectuée. Ce dépôt reflète une gestion interne de routine plutôt qu’un changement volontaire de stratégie d’investissement.

Formular 4 Einreichung – DHI Group, Inc. (DHX)

Unternehmensleiter Alexander Schildt, Präsident von ClearanceJobs, meldete am 25. Juli 2025 eine automatische Veräußerung von 959 Stammaktien. Die Transaktion wurde mit „F“ codiert, was darauf hinweist, dass die Aktien vom Emittenten ausschließlich zur Deckung steuerlicher Verpflichtungen einbehalten wurden, die durch die Vesting-Bedingungen einer Restricted-Stock-Auszeichnung ausgelöst wurden. Der Einbehaltungswert betrug 2,78 $ pro Aktie.

Nach der steuerbedingten Einbehaltung beträgt Schildts direkte wirtschaftliche Eigentümerschaft 103.410 DHX-Aktien. Diese Zahl umfasst 1.306 Aktien, die am 30. Juni 2025 im Rahmen des Mitarbeiter-Aktienkaufplans (ESPP) erworben wurden, und zwar zu 85 % des Schlusskurses vom 2. Januar 2025, wie es der ESPP erlaubt.

Es wurden keine Derivate gemeldet, und es fanden keine Käufe oder Verkäufe am offenen Markt statt. Die Einreichung stellt eine routinemäßige Insider-Verwaltung dar und keine freiwillige Änderung der Investitionsstrategie.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
SEIFERT THOMAS J

(Last) (First) (Middle)
C/O CLOUDFLARE, INC.
405 COMAL STREET

(Street)
AUSTIN TX 78702

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Cloudflare, Inc. [ NET ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Financial Officer
3. Date of Earliest Transaction (Month/Day/Year)
07/25/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 07/25/2025 C 400 A (1) 400 I See footnote(2)
Class A Common Stock 07/25/2025 S(3) 400 D $200 0 I See footnote(2)
Class A Common Stock 07/25/2025 C 400 A (1) 400 I See footnote(4)
Class A Common Stock 07/25/2025 S(3) 400 D $200 0 I See footnote(4)
Class A Common Stock 07/25/2025 C 400 A (1) 400 I See footnote(5)
Class A Common Stock 07/25/2025 S(3) 400 D $200 0 I See footnote(5)
Class A Common Stock 07/25/2025 C 400 A (1) 400 I See footnote(6)
Class A Common Stock 07/25/2025 S(3) 400 D $200 0 I See footnote(6)
Class A Common Stock 07/28/2025 C 40,911 A (1) 40,911 I See footnote(2)
Class A Common Stock 07/28/2025 S(3) 36,239 D $200.2807(7) 4,672 I See footnote(2)
Class A Common Stock 07/28/2025 S(3) 4,672 D $201.1967(8) 0 I See footnote(2)
Class A Common Stock 07/28/2025 C 6,257 A (1) 6,257 I See footnote(4)
Class A Common Stock 07/28/2025 S(3) 6,257 D $200.0948(9) 0 I See footnote(4)
Class A Common Stock 07/28/2025 C 5,600 A (1) 5,600 I See footnote(5)
Class A Common Stock 07/28/2025 S(3) 5,600 D $200.1189(10) 0 I See footnote(5)
Class A Common Stock 07/28/2025 C 6,362 A (1) 6,362 I See footnote(6)
Class A Common Stock 07/28/2025 S(3) 6,362 D $200.1517(11) 0 I See footnote(6)
Class A Common Stock 241,550 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Class B Common Stock (1) 07/25/2025 C 400 (1) (1) Class A Common Stock 400 $0 190,911 I See footnote(2)
Class B Common Stock (1) 07/25/2025 C 400 (1) (1) Class A Common Stock 400 $0 52,357 I See footnote(4)
Class B Common Stock (1) 07/25/2025 C 400 (1) (1) Class A Common Stock 400 $0 51,700 I See footnote(5)
Class B Common Stock (1) 07/25/2025 C 400 (1) (1) Class A Common Stock 400 $0 52,462 I See footnote(6)
Class B Common Stock (1) 07/28/2025 C 40,911 (1) (1) Class A Common Stock 40,911 $0 150,000 I See footnote(2)
Class B Common Stock (1) 07/28/2025 C 6,257 (1) (1) Class A Common Stock 6,257 $0 46,100 I See footnote(4)
Class B Common Stock (1) 07/28/2025 C 5,600 (1) (1) Class A Common Stock 5,600 $0 46,100 I See footnote(5)
Class B Common Stock (1) 07/28/2025 C 6,362 (1) (1) Class A Common Stock 6,362 $0 46,100 I See footnote(6)
Class B Common Stock (1) (1) (1) Class A Common Stock 8,925 8,925 D
Explanation of Responses:
1. Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at the reporting person's election and has no expiration date.
2. The shares are held of record by Center Court Partners Ltd., for which the reporting person serves as a partner.
3. The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 26, 2024.
4. The shares are held of record by Center Court 2020 Trust 1 UA 12/11/20, for which the reporting person serves as trustee.
5. The shares are held of record by Center Court 2020 Trust 2 UA 12/11/20, for which the reporting person serves as trustee.
6. The shares are held of record by Center Court 2020 Trust 3 UA 12/11/20, for which the reporting person serves as trustee.
7. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $200.00 to $200.93, inclusive. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (7) through (11) to this Form 4.
8. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $201.00 to $201.32, inclusive.
9. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $200.00 to $200.27, inclusive.
10. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $200.00 to $200.59, inclusive.
11. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $200.00 to $200.93, inclusive.
Remarks:
/s/ Lindsey Cochran, by power of attorney 07/29/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many DHI Group (DHX) shares did Alexander Schildt dispose of on 25 July 2025?

He disposed of 959 shares, withheld by the company to cover tax on vested RSUs.

What is Alexander Schildt’s remaining share ownership in DHX after the transaction?

He directly owns 103,410 common shares following the withholding.

Was the transaction an open-market sale?

No. The Code F designation indicates shares were withheld for tax purposes, not sold in the market.

Were any derivative securities involved in this Form 4 filing?

No derivative securities were reported for acquisition or disposition.

Does the filing indicate a change in insider sentiment toward DHX stock?

The filing appears administrative and neutral; ownership levels remain materially unchanged.
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